Flexera Announces New Investment Partnership with TA Associates
(firmenpresse) - Supporting Flexera’s mission to reimagine how software is bought, sold, managed and secured, TA Associates joins existing investor Ontario Teachers’ Pension Plan
Maidenhead, U.K. – December 19, 2017 – Flexera, the company that’s reimagining how software is bought, sold, managed and secured, today announced that it has entered into a new investment partnership with TA Associates (“TA”), a leading global growth private equity firm. TA is acquiring equity from existing investors, and will work in partnership with existing lead investor Ontario Teachers’ Pension Plan (“Ontario Teachers’”) to continue to grow the company. The transaction is expected to close in February 2018.
“The $350 billion supply chain governing how software is bought, sold, managed and secured is broken, and it’s costing organisations tens of billions of dollars per year. Flexera solves this ingrained problem, and the market is rewarding our innovation with double digit growth, and world-class customer satisfaction and renewal rates,” said Jim Ryan, Flexera’s President and CEO. “TA Associates is an experienced growth investor that has an established track record within the software space. By leveraging their experience and industry knowledge, we’re confident that Flexera can continue to scale to reach our next level of success. We’re thrilled that TA, alongside Ontario Teachers’, shares our vision for reimagining the software supply chain, and we’re eager to begin working with them as we accelerate our momentum.”
Flexera leads in all the markets it serves across the software supply chain. The company’s solutions make the business of buying and selling software and technology asset data more profitable, secure and effective. Its portfolio includes the industry’s most comprehensive Technology Asset Data platform, Software Monetisation and Open Source Compliance and Security solutions for technology suppliers, and Software Asset Management and Software Vulnerability Management solutions for technology buyers.
TA Associates has deep experience working collaboratively with profitable, innovative companies like Flexera that are focused on strategic growth. TA is one of the leading investors in enterprise software businesses and will serve as an active and constructive partner, engaging with Flexera’s management team as the company executes on its plan.
“Flexera is reimagining the software industry,” said Harry D. Taylor, a Managing Director at TA Associates. “This investment represents a unique opportunity to capitalise on Flexera’s momentum and gives the company’s executives access to our strategic resources and skills to help support their exciting vision. We look forward to working closely with Flexera’s Senior Leadership Team and Ontario Teachers’ in a partnership that we believe will be beneficial to Flexera’s employees, customers and partners.”
“We’re excited to partner with the Flexera management team to help drive organic growth and to continue Flexera’s successful acquisition strategy,” added Ashu Agrawal, a Managing Director at TA Associates.
“For the past six years, our investment in Flexera has clearly demonstrated our strategy of investing in companies with excellent prospects for growth and value creation,” said Jane Rowe, Senior Managing Director, Private Capital at Ontario Teachers’. “Having TA Associates join as an investment partner is an exciting development that we believe will help position Flexera very well to execute on its vision to transform the software industry supply chain.”
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About Flexera
Flexera is reimagining the way software is bought, sold, managed and secured. We view the software industry as a supply chain, and make the business of buying and selling software and technology asset data more profitable, secure, and effective. Our Monetisation and Security solutions help software sellers transform their business models, grow recurring revenues and minimise open source risk. Our Vulnerability and Software Asset Management (SAM) solutions strip waste and unpredictability out of procuring software, helping companies buy only the software and cloud services they need, manage what they have, and reduce compliance and security risk. Powering these solutions and the entire software supply chain, Flexera has built the world’s largest and most comprehensive repository of market intelligence on technology assets. In business for 30+ years, our 1200+ employees are passionate about helping our 80,000+ customers generate millions in ROI every year. Visit us at www.flexera.com.
For more information, contact:
Vidushi Patel/ Nicola Males
Vanilla PR
prflexera(at)vanillapr.co.uk
+44 7958474632 / +447976652491
Datum: 19.12.2017 - 16:18 Uhr
Sprache: Deutsch
News-ID 570257
Anzahl Zeichen: 3632
contact information:
Contact person: Samantha Wiles
Town:
Lincoln
Phone: +44 (0)1522 883640
Kategorie:
Software
Typ of Press Release: bitte
type of sending: Veröffentlichung
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