EQT VII has agreed to acquire a majority stake in Sitecore from Technology Crossover Ventures and other minority shareholders for €1bn.

EQT VII, an investment fund, has agreed to acquire a majority stake in Sitecore, one of the global leaders of customer experience management software, from Technology Crossover Ventures, an investment company and other minority shareholders for €1bn ($1.1bn). “The partnership and acquisition announced today by EQT and Sitecore is specifically designed to sustain Sitecore’s profitable growth and scale as the Company continues to expand at a rapid double-digit pace. We are excited that a world class investor such as EQT will become a critical part of Sitecore’s future growth. With EQT and founders as well as management of Sitecore joining forces, we are convinced that the Company is set up for continued success in the years to come.” Michael Seifert, Sitecore CEO and co-founder.