TA Associates has reached a deal with The Carlyle Group (Nasdaq: CG) to acquire ITRS, a provider of real-time monitoring software, for an undisclosed amount. The deal is expected to close in April 2017.
ITRS is an international distributor of real-time monitoring and analytics software. The target serves the financial services sector, offering to transform large data into actionable insights to improve business performance. Some of ITRS’ clients include: Charles Schwab Corp. (NYSE: SCHW), SunGard, J.P. Morgan & Chase Co. (NYSE: JPM), Deutsche Bank (NYSE: DB), Citigroup Inc. (NYSE: C) and Wells Fargo & Co. (NYSE: WFC).