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Announced

Completed

Pamlico completed an investment in Protera.

Synopsis

Pamlico Capital, a private equity firm, completed an investment in Protera, a provider of public cloud-centric application management and migration services for SAP software, as well as other enterprise IT outsourcing services. Financial terms were not disclosed. “Protera has a tremendous opportunity to serve our clients as they migrate SAP and other enterprise workloads to the public cloud, and we are extremely well-positioned with the market’s leading team and technology platform. We are excited to welcome Pamlico as our first institutional investor. Pamlico deeply understands our business and brings resources and a breadth of experience scaling founder-owned companies to help us achieve our vision for Protera,” Dean Adamopoulos, Protera CEO.

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