Private equity firm HGGC has agreed to acquire a controlling stake in Idera Inc., a provider of database management tools. The tech-focused PE firm joins Idera CEO Randy Jacops and private equity firm TA Associates as investors.
Public equity markets are rewarding consolidation companies across the software sector, HGGC CEO Rich Lawson tells Mergers & Acquisitions. Idera has made more than 20 add-on acquisitions over the last decade, and Lawson expects it will make more in the future. The company, which is headquartered in Houston and has offices in Australia, Austria and the U.K., provides systems and database management software for Microsoft Windows and Linux servers.