Aptean (or the “Company”), a global provider of industry-specific
enterprise resource planning (“ERP”) and supply chain software,
announced today that it has received an investment from Clearlake
Capital Group, L.P. (together with its affiliates, “Clearlake”) to
support Aptean’s journey. Clearlake will join existing investors TA
Associates (“TA”), Insight Partners (“Insight”), and Charlesbank
Capital Partners (“Charlesbank”) as shareholders.
“Aptean is thrilled to welcome Clearlake as an investor as we
continue addressing the needs of our customers with our cloud ERP
and supply chain software,” said TVN Reddy, CEO of Aptean.
“Clearlake’s investment underscores their confidence in our
strategy and commitment to expansion. Partnering with Clearlake,
alongside our existing investors, will enable us to continue
delivering differentiated solutions to the market and accelerate
our growth.”
Since its founding in 2012, Aptean has focused on providing
industry-specific software to the process manufacturing, discrete
manufacturing, and supply chain management verticals, serving over
10,000 customers globally across more than 80 countries. Over the
past 18 months, Aptean has advanced its cloud-based solutions and
penetrated its presence in Europe and other global regions.
Behdad Eghbali, Co-Founder and Managing Partner, and Prashant
Mehrotra, Partner and Managing Director, at Clearlake, said, “We
are excited to partner with Aptean’s management team and join TA,
Insight, and Charlesbank as investors. We see an opportunity to
build upon Aptean’s market position as a provider of manufacturing
ERP and supply chain solutions. We look forward to leveraging our
O.P.S.® operational improvement approach to further support TVN and
his team as they execute on product advancements, develop
next-generation SaaS solutions, and pursue strategic
acquisitions.”
Hythem El-Nazer, Managing Director, and Mike Libert, Managing
Director, at TA, said, “We are proud to be long-term supporters of
Aptean, having first invested in the Company in 2019 and then
recommitting in 2023 to deepen our partnership. We remain excited
about the Company’s growth trajectory, innovation in new
applications, and opportunity for strategic acquisitions. We
welcome Clearlake as a shareholder and look forward to working
collaboratively with the goal of enhancing Aptean’s market position
and realizing accelerated growth.”
About Aptean
Aptean is a global provider of industry-specific software that
helps manufacturers and distributors effectively run and grow their
businesses. With both cloud and on-premise deployment options,
Aptean’s products and services help businesses of all sizes to be
Ready for What’s Next, Now®. Aptean is headquartered in Alpharetta,
Georgia and has offices in North America, Europe, and Asia-Pacific.
To learn more about Aptean and the markets we serve, visit
www.aptean.com.
Aptean and Ready for What’s Next, Now are Registered Trademarks
of Aptean, Inc. All other company and product names may be
trademarks of the respective companies with which they are
associated.
About Clearlake
Founded in 2006, Clearlake is an investment firm operating
integrated businesses across private equity, credit, and other
related strategies. With a sector-focused approach, the firm seeks
to partner with experienced management teams by providing patient,
long term capital to dynamic businesses that can benefit from
Clearlake’s operational improvement approach, O.P.S.® The firm’s
core target sectors are technology, industrials, and consumer.
Clearlake currently has over $80 billion of assets under
management, and its senior investment principals have led or co-led
over 400 investments. The firm is headquartered in Santa Monica, CA
with affiliates in Dallas, TX, London, UK, Dublin, Ireland, and
Singapore. Learn more at www.clearlake.com.
About TA
TA is a leading global private equity firm focused on scaling
growth in profitable companies. Since 1968, TA has invested in more
than 560 companies across its five target industries—technology,
healthcare, financial services, consumer, and business services.
Leveraging its deep industry expertise and strategic resources, TA
collaborates with management teams worldwide to help high-quality
companies deliver lasting value. The firm has raised $65 billion in
capital to date and has over 150 investment professionals across
offices in Boston, Menlo Park, Austin, London, Mumbai, and Hong
Kong. More information about TA can be found at www.ta.com.
About Insight Partners
Insight Partners is a global software investor partnering with
high-growth technology, software, and Internet startup and ScaleUp
companies that are driving transformative change in their
industries. As of December 31, 2023, the firm has over $80 billion
in regulatory assets under management. Insight Partners has
invested in more than 800 companies worldwide and has seen over 55
portfolio companies achieve an IPO. Headquartered in New York City,
Insight has offices in London, Tel Aviv, and the Bay Area.
Insight's mission is to find, fund, and work successfully with
visionary executives, providing them with tailored, hands-on
software expertise along their growth journey, from their first
investment to IPO. For more information on Insight and all its
investments, visit insightpartners.com or follow us on X
@insightpartners.
About Charlesbank Capital Partners
Based in Boston and New York, Charlesbank Capital Partners is a
middle-market private investment firm with more than $18 billion of
capital raised since inception. Charlesbank focuses on
management-led buyouts, growth capital financings, opportunistic
credit, and technology investments. The firm seeks to invest in
companies with sustainable competitive advantage and excellent
prospects for growth. For more information, please visit
www.charlesbank.com.
For Media Inquiries Please Contact
For Aptean:Miguel GernaeyChief Marketing
Officermiguel.gernaey@aptean.com
For Clearlake: Jennifer
HursonLambertjhurson@lambert.com
For TA:Maggie Benoit and Casey
Piccionecommunicationsteam@ta.com
For Insight Partners:Insight Partners Public
Relationsinsightpr@insightpartners.com
For Charlesbank Capital Partners:Ryan
FitzGibbon, Dan Ivers, and Peter GavarisProsek
Partnerspro-charlesbank@prosek.com