Summit invested $67m in Syncron International

Summit Partners, a Boston-based private equity company, invested $67m in Syncron International, a Swedish provider of supply chain management software. The partnership with Summit Partners will support Syncron's continued development of its category-leading enterprise SaaS solutions and further expansion of its global operations. "We are delighted to partner with Summit Partners to support Syncron's next chapter of expansion and our path to IPO readiness," said Anders Grudén, CEO of Syncron. "Summit's deep experience collaborating with high-growth, enterprise SaaS companies will add valuable support to our vision of leading the transition from reactive, break-fix after-sales service to intelligently maximizing product uptime and customer loyalty."