Unit4, a specialist in enterprise cloud software for people-centric organisations, has secured a majority investment from TA Associates, a leading global growth private equity firm.
Partners Group, a leading global private markets firm, will invest alongside TA, on behalf of its clients, while Mike Ettling, CEO of Unit4, will continue to lead the company, supported by the existing management team. Advent International, the current majority shareholder in Unit4, will exit its stake in the company.
Unit4 and TA will partner to further accelerate the company’s vision of “people-centric ERP” (Enterprise Resource Planning) for mid-market enterprise organizations. As a leader that innovates for and serves people-based services industries including professional services, public sector, nonprofit and higher education, this partnership with TA will help Unit4 address the specific challenges and requirements of organisations in these industries globally.
Source: Private Equity Wire
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