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Aptean, an ERP and supply chain solutions provider, receives growth investment from Charlesbank Capital Partners
FREMONT, CA: Aptean, an Alpharetta, GA-based provider of mission-critical, industry-specific enterprise resource planning (ERP) and supply chain solutions, received growth investment from Charlesbank Capital Partners.
Charlesbank Capital Partners, TA Associates, and Vista Equity Partners, after giving the growth investments, are now a part of the Aptean Board of Directors with equal representation values. The amount of the deal was not disclosed.
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Along with TA Associates and Vista Equity Partners as institutional shareholders, Charlesbank Capital Partners will join the existing investors in Aptean. As agreed upon in the deal, with expectations for closure in the third quarter of 2020, pending customary regulatory approval, TA Associates will also conduct further investments in Aptean. The funding acquired provides additional capital that will enable Aptean to upsurge its investment in innovation and fast-track its growth worldwide.
Led by TVN Reddy, CEO, Aptean is a renowned global provider of mission-critical, industry-specific software solutions. Its offerings are the purpose-built ERP and supply chain management solutions that help tackle the unique challenges presented in the process and discrete manufacturers, distributors, and other focused organizations. Its compliance solutions are designed for companies that serve specific markets such as finance, healthcare, biotech, and pharmaceuticals. More than 4,100 organizations in 20 different industries across 54 countries use Aptean’s specific software solutions at their core to assist with the smooth running of their operations.
TVN Reddy, CEO of Aptean, stated, “Charlesbank is an experienced and successful investor in middle-market growth companies. The firm’s investment in Aptean reflects confidence in our growth plans and our ongoing expansion, even amid today’s turbulent market forces. We believe that our ability to meet the mission-critical needs of specific industries with cloud-hosted, purpose-built ERP and supply chain software is unmatched in our sector. These added investments by Charlesbank and TA Associates will enable us to accelerate the development of our next-generation cloud solutions, as well as our organic and inorganic growth initiatives.”
Over the past few years, by making significant investments in organic initiatives and strategic acquisitions, Aptean’s total revenues have doubled. Its international footprint now represents almost half of the entire company. Aptean has grown its talented employee base to more than 1,700 individuals across the globe. Further, significant investments have been made by the company at the leadership level. It has also recruited several experienced, world-class executives to strengthen its management team to support Aptean’s rapid global expansion.
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