PE-Backed Automic is buying Orsyp SAS for an undisclosed amount.
Paris-based Orsyp develops automation and optimization information technology software for businesses. The company is backed by private equity firm Argos Soditic, which is headquartered in Geneva, Switzerland. The firm typically buys majority stakes in companies.
Automic, headquartered in Bellevue, Washington, develops automation platforms for infrastructure processes. The company is backed by New York private equity firm EQT Partners. EQT invests in consumer goods, technology, media and telecommunications, energy and environmental, health care, industrial and services companies. Current investments include Acade Media, Candyking and Swedegas.
Thierry Monjauze, Jonathan Organ, Sylvian Noblet and Tyler Dewing from Harris Williams & Co. advised Orsyp's shareholders on the sale.
Recent software deals include GE Healthcare's purchase of CHCA Computer Systems Inc. and JMI Equity's investment in Dean Evans & Associates Inc., which makes event management software.