2020
Flagship and Tech Opportunities
Technology
Alpharetta, Georgia
Active
Aptean is a leading global provider of mission-critical, industry-specific enterprise resource planning (“ERP”) software that allows its customers to digitize administrative functions and drive efficiency in their operations. Aptean predominantly serves small- to medium-sized businesses in the process and discrete manufacturing end-markets. With a portfolio of over 35 products, the company provides ERP solutions that are tailor-made for industries including food and beverage, apparel, specialized tooling and industrial machinery, pharmaceuticals and medical devices, and specialty chemicals. Products also include supply chain, compliance, payments, CRM, and PLM software offerings. Aptean serves over 10,000 customers in more than 80 countries across a wide range of industries. The company has established a strong M&A strategy, with 27 acquisitions signed or completed since our investment, and has developed a leadership position in food and beverage manufacturing, a segment that Charlesbank knows well. We expect to leverage our relationships in this vertical and our experience with software buy-and-build strategies to be a value-added partner to Aptean.
In August 2020, Charlesbank made a strategic growth investment in Aptean through our Flagship and Technology Opportunities Funds, as the investment fit the mandate of both funds. We joined existing investors TA Associates and Vista Equity Partners as institutional shareholders in the company, with equal representation on the board. In 2022, Aptean was recapitalized by new investor Insight Partners and existing investor TA Associates, enabling Vista to exit its shareholding entirely. Charlesbank retains significant ownership in the company. This transaction will enable Aptean to continue to accelerate its organic and inorganic growth initiatives.
TVN Reddy
3,500+
Maltego
Graphical link analysis software platform
Status:
ImageQuix
Software for high-volume photography
Status:
Titan
Industrial IoT Software
Status:
Bridgepointe Technologies
IT channel platform
Status:
Mediaocean
Software for ad agencies and brands
Status:
SOLVE
Fixed income market data & analytics
Status:
symplr
Healthcare IT software provider
Status:
Ivanti
IT solutions provider
Status:
Healthcare Fraud Shield
Fraud, waste and abuse solution for health insurers
Status:
Cyberbit
Cloud-based cybersecurity training and simulation
Status:
Fortra
Infrastructure management software for IT departments
Status: Active
PakEnergy
Oil & gas accounting solutions
Status: Active
DoiT International
Public cloud operations software and expertise
Status: Active
Park Place Technologies
Global data center and networking optimization firm
Status: Active
Six Degrees
Integrated managed data services
Status: Active