Announced
Completed
Financials
Tags
Acquisition
Private
United States
cloud-based services
Single Bidder
Private Equity
software-as-a-service
Software
Majority
Completed
Friendly
Synopsis
EQT Partners completed the acquisition of Acumatica, a software as a service company, serving customers with true cloud Enterprise Resource Planning solutions. Financial terms were not disclosed. "This move provides exceptional validation of Acumatica’s market execution and growth in the last several years. Greater investment from EQT will unlock new opportunities for us to better serve our customers and secure a stronger future for Acumatica. To compound this potential, is the access to, and collaboration with, ERP industry leader and fellow EQT portfolio company, IFS," Jon Roskill, Acumatica CEO.
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