Announced

TA Associates invested in software developer ARI Network.

Synopsis

TA Associates invested in Milwaukee-based ARI Network, a provider of software and marketing solutions to dealers, equipment manufacturers and distributors in select vertical markets. Financial terms of the transaction were not disclosed. “ARI was built on the basis that manufacturers, distributors, dealers and service providers deserve premier solutions to automate and enhance their businesses,” said Roy W. Olivier, President and Chief Executive Officer of ARI. “In keeping with our roots, we believe it is critical to have value-add partners in place who are aligned with and supportive of our mission and goals. With True Wind retaining a significant stake in the business and TA Associates coming on board as a new partner, we feel fortunate to have two highly regarded investors at our side as we seek to continuously innovate and improve our suite of data-powered technology tools to enable our customers to drive sales. It is a pleasure to welcome TA to the ARI family.”

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