The Carlyle Group (Nasdaq: CG) is buying Japanese business software developer WingArc1st from its CEO and a subsidiary of Orix Corp. (NYSE: IX). The deal is expected to close in April and the purchase price was not disclosed.
Tokyo-based WingArc1st provides business intelligence and enterprise output management, commonly referred to as EOM, software. EOM software helps companies manage data created throughout their computer systems, while business intelligence software analyzes raw data. WingArc1st sells software licenses and maintenance support for software hosted on its customers’ servers, but has also started providing cloud-based versions of its software, which the company views as a growth opportunity. Its SVF EOM software and, on the business intelligence side, Dr. Sum EA are the best-sellers in Japan in their respective markets, according to the company.