Clearlake Capital Group’s Post

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Aptean 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, Insight Partners, and Charlesbank Capital Partners 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.” 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." #PrivateEquity #Investment #Acquisition #SaaS #Technology #ERP #SupplyChain Read more about the acquisition https://ow.ly/puT450SscEJ

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