TA Associates-backed DL Software to acquire Openbravo and Cow Hills.

TA Associates-backed DL Software, a versatile ERP software company, agreed to acquire Openbravo, a Spanish cloud-based software provider, and Cow Hills, a developer of point-of-sale software, from NewPort Capital, a private equity firm. Financial terms were not disclosed. "We are extremely excited to become part of a larger company ready to help us accelerate on our growth strategy. DL Software has an excellent reputation, and this acquisition represents an important recognition of our solutions, the team, and our achievements to date. DL Software has demonstrated an excellent track record in adding security, stability and resources to fuel growth and innovation for the businesses they acquire. This will help us take our business to the next level and that will benefit our existing and future employees, customers, and partners," Marco de Vries, Openbravo CEO.