Software firm Aptean secures growth investment to accelerate innovation and global expansion

Aptean, a global provider of mission-critical, industry-specific enterprise resource planning (ERP) and supply chain software, announced that a definitive agreement has been signed through which it will receive a strategic investment from Insight Partners (Insight), a New York-based global private equity and venture capital firm, and existing investor TA Associates (TA).

With its new investment, TA, a leading global growth private equity firm, will become the lead shareholder of Aptean. Charlesbank Capital Partners (Charlesbank), a middle-market private investment firm based in Boston and New York, will continue as a shareholder, while Vista Equity Partners (Vista) will fully exit its stake in the company.

TVN Reddy, CEO, Aptean: “We are excited to partner with Insight and leverage the firm’s significant experience investing in software companies to advance Aptean’s growth journey. Insight’s investment and TA’s recommitment demonstrate enduring confidence in our strategy and results. Together we will aim to accelerate the market success of our cloud-based solutions, as well as other organic and inorganic growth initiatives, to continue meeting the mission-critical needs of prospects and customers.”

Today, Aptean has more than 10,000 customers in over 20 industries who rely on its mission-critical ERP and supply chain applications to run their daily operations, spanning more than 50 countries. Key sectors for Aptean include both process and discrete manufacturing, as well as distribution. Over the past 24 months Aptean’s total revenues have almost doubled, driven by the company’s significant investment in organic initiatives and strategic acquisitions, particularly in Europe. Aptean’s international footprint now represents almost half of the company’s total revenues. Aptean has simultaneously grown its talented employee base to more than 3,000 individuals across the globe.

Hythem El-Nazer, Managing Director, TA, and Mike Libert, Director, TA: “Driven by the company’s significant investment in new cloud SaaS based-applications and strategic acquisitions, Aptean’s organic growth rate has accelerated, providing significant tailwinds for the future. We are excited to make an additional growth investment in Aptean, and look forward to deepening our partnership with the Aptean management team, Charlesbank and now Insight.”

www.aptean.com