Diversis Capital to acquire the remaining 32.5% stake in Tempo Software from Origo for $195m.

Diversis Capital, a software and technology focused private equity fund, agreed to acquire the remaining 32.5% stake in Tempo Software, a developer of cloud-based software, from Origo, a provider of IT software and services, for $195m. "Diversis initially invested in Tempo four years ago because we believed in the growth potential of an organization that was delivering high value to its customers and the Atlassian Ecosystem. Through our partnership with Origo, we've seen Tempo continue to deliver strong results and grow organically and inorganically. Now operating in more geographies, categories and markets, we're excited to work with Mark Lorion, Tempo's CEO, and the entire Tempo team to drive the next phase of growth as the primary owners of Tempo Software," Ron Nayot, Diversis Capital Managing Partner.