New Mountain Capital LLC is purchasing a majority stake in Sparta Systems Inc., a developer of cloud-based enterprise quality management software for the manufacturing industry, from private equity firm Thoma Bravo LLC. Financial terms of the deal were not disclosed.

Founded in 1994, Sparta Systems makes software used by manufacturers and suppliers to automate quality, regulatory, and document management processes. The target’s technologies are used to help improve operational visibility, ensure regulatory compliance and to make products safer. Thoma Bravo will remain a minority investor in the target.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.