Announced
Financials
Tags
software solutions
software
United States
Private Equity
Friendly
Software
Majority
Pending
java virtual machine
Acquisition
Private
Single Bidder
Domestic
Synopsis
Private equity firms Vitruvian Partners and Lead Edge Capital are set to acquire a majority stake in Azul Systems, a software services provider for $340m. “We’re extremely proud of the company we’ve built and the culture of excellence we’ve created. This partnership with Vitruvian will help fuel our growth initiatives and enable us to catapult Azul to a new level of presence in the community and the market overall,” Scott Sellers, Azul Systems co-founder, President and CEO.
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