TA Associates to invest in Flexera
ITASCA - Software company Flexera has entered into a new investment partnership with TA Associates, a global growth private equity firm.
TA is acquiring equity from existing investors and will work in partnership with existing lead investor Ontario Teachers' Pension Plan to continue to grow the company. The transaction is expected to close in February 2018.
"TA Associates is an experienced growth investor that has an established track record within the software space," said Jim Ryan, Flexera's President and CEO. "By leveraging their experience and industry knowledge, we're confident that Flexera can continue to scale to reach our next level of success.
"We're thrilled that TA, alongside Ontario Teachers', shares our vision for re-imagining the software supply chain, and we're eager to begin working with them as we accelerate our momentum," he added.
TA Associates has experience working collaboratively with profitable, innovative companies that are focused on strategic growth. TA is one of the leading investors in enterprise software businesses and will serve as an active and constructive partner, engaging with Flexera's management team as the company executes on its plan.
"Flexera is re-imagining the software industry," said Harry D. Taylor, a managing director at TA Associates. "This investment represents a unique opportunity to capitalize on Flexera's momentum and gives the company's executives access to our strategic resources and skills to help support their exciting vision. We look forward to working closely with Flexera's Senior Leadership Team and Ontario Teachers' in a partnership that we believe will be beneficial to Flexera's employees, customers and partners."