Ridgemont Equity Partners completed the investment in smartShift.

Ridgemont Equity Partners, a middle market private equity investor, completed the investment in smartShift, a leading tech-enabled services provider for SAP custom application migrations, upgrades and transformations. Financial terms were not disclosed. “Our key point of differentiation at smartShift is our Intelligent Automation Platform, which produces simplified, modernized and maintainable code that is automatically uploaded into an SAP customer’s targeted system as part of their application upgrade and cloud migration process. We have built the proprietary solution and proven our value proposition to our customers and Global System Integrator channel partners. In partnership with Ridgemont and the strategic resources they bring to our team, we have an incredible opportunity to accelerate our next phase of growth and further penetrate our large addressable market by optimizing our go-to-market strategy, enhancing our recurring solution offering and continuing to innovate,” Derek Oats, smartShift CEO.