{"id":649172,"date":"2013-03-27T15:50:27","date_gmt":"2013-03-27T19:50:27","guid":{"rendered":"http:\/\/www.pehub.com\/?p=193403"},"modified":"2013-03-27T15:50:27","modified_gmt":"2013-03-27T19:50:27","slug":"ta-updata-bid-for-nintex","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/649172","title":{"rendered":"TA, Updata Bid for Nintex"},"content":{"rendered":"

TA Associates<\/strong> and Updata Partners<\/strong> said Wednesday they plan to make a “significant” investment in Nintex Group<\/strong>. Financial terms were not announced. Nintex, of Melbourne, Australia, is a software provider. Macquarie Capital<\/strong> is currently a Nintex investor. The Wall Street Journal said the consortium’s offer for Nintex was valued at US$222 million<\/a>. Spurrier Capital Partners and Macquarie provided advisory services to Nintex.<\/p>\n

PRESS RELEASE<\/p>\n

TA Associates, a leading global growth private equity firm, and Updata Partners, a leading technology-focused growth equity firm, today announced they plan to make a significant investment in the Nintex Group, a global provider of workflow software solutions. TA and Updata will work in partnership with the Nintex management team to accelerate Nintex\u2019s global growth initiatives.<\/p>\n

Nintex is a leading workflow software company, with more than 4,000 customers in 90 countries serviced by a global network of high quality partners and service providers. Nintex Workflow software enables organizations to automate business processes quickly and easily using intuitive but powerful, drag and drop tools. Through its Nintex Live offerings, Nintex enables organizations to utilize cloud services to seamlessly extend workflow functionality outside of the firewall to remote users, customers and suppliers. Nintex products are distributed globally via a network of over 800 value-added partners and service providers. The company also owns and operates OBS, a leading IT services business focused on the design, customization and implementation of Microsoft-based solutions exclusively in Australia. Nintex has global headquarters in Melbourne, Australia, U.S. headquarters in Bellevue, Washington, and offices in Kuala Lumpur and London.<\/p>\n

\u201cTA Associates and Updata Partners will enable Nintex to accelerate its growth, further expand internationally, and offer its customers and partners new and exciting innovative products,\u201d said Brian Cook, co-Founder and Group CEO of the Nintex Group.<\/p>\n

\u201cWe chose TA and Updata for their extensive experience and proven track record helping established software companies become standout market leaders,\u201d said Brett Campbell, co-Founder and Global VP of Alliances of the Nintex Group.<\/p>\n

\u201cNintex is an attractive investment for a number of reasons, including strong organic growth and momentum, a successful global partner distribution network, exceptional customer satisfaction and a deep management team,\u201d said Harry D. Taylor, a Director at TA Associates who will join the company\u2019s Board of Directors.<\/p>\n

\u201cWe have been aware of Nintex for several years, watching the company continuously outperform and establish a leadership position in workflow solutions on the Microsoft SharePoint platform,\u201d said John Burton, a General Partner at Updata Partners, who will join the company\u2019s Board of Directors as Lead Director. Jon Seeber, a Principal at Updata Partners, will also join the Nintex Board of Directors.<\/p>\n

This funding round will add to an existing investment in Nintex by Macquarie Capital. \u201cWe are pleased TA and Updata will be joining Macquarie Capital as investors in Nintex,\u201d said Glen Butler, a Division Director at Macquarie Capital, which will retain a minority ownership position in Nintex. \u201cAs an innovative business providing user-friendly workflow tools, Nintex is well-positioned to continue its impressive growth.\u201d<\/p>\n

\u201cAustralia-based Nintex is a perfect example of the type of rapidly growing, well-managed global business TA has been able to identify by leveraging decades of investing experience in software businesses,\u201d said Edward F. Sippel, Managing Principal \u2013 Asia Pacific, TA Associates Asia Pacific Ltd., who will join the Nintex Board of Directors. Kurt R. Jaggers, a Managing Director at TA Associates, will also join the company\u2019s Board of Directors.<\/p>\n

Gilbert + Tobin and Goodwin Procter LLP are providing legal counsel and KPMG is providing accounting advisory services to TA Associates. Proskauer Rose LLP is serving as legal counsel to Updata Partners. Allens is serving as legal counsel and Spurrier Capital Partners and Macquarie Capital are providing advisory services to Nintex.<\/p>\n

About Nintex Group Pty Ltd.<\/p>\n

Nintex is the leader in workflow solutions, with more than 4,000 customers in 90 countries serviced by a global network of high quality partners and service providers. Nintex delivers innovative software and cloud services that empower organizations to automate business processes quickly and easily. Please visit www.nintex.com for more information.<\/p>\n

About TA Associates<\/p>\n

Founded in 1968, TA Associates is one of the largest and most experienced global middle-market growth private equity firms. The firm has invested in more than 425 companies around the world and has raised $18 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the technology, financial services, business services, healthcare and consumer industries. More information about TA Associates can be found at www.ta.com.<\/p>\n

About Updata Partners<\/p>\n

Updata Partners is a leading technology-focused growth equity firm with nearly $500 million of capital under management. Updata invests in high-growth software, internet, and technology-enabled services companies with innovative intellectual property and market-leading solutions. Led by an investment team averaging more than 20 years of experience in the technology industry, Updata seeks investments where the combination of the firm\u2019s financial backing and the operating expertise of their partners will accelerate growth. Updata is headquartered in Washington, DC. For more information, please visit www.updatapartners.com.<\/p>\n

The post TA, Updata Bid for Nintex<\/a> appeared first on peHUB<\/a>.<\/p>\n

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TA Associates and Updata Partners said Wednesday they plan to make a “significant” investment in Nintex Group. Financial terms were not announced. Nintex, of Melbourne, Australia, is a software provider. Macquarie Capital is currently a Nintex investor. The Wall Street Journal said the consortium’s offer for Nintex was valued at US$222 million. Spurrier Capital Partners […]<\/p>\n","protected":false},"author":7426,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-649172","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/649172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7426"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=649172"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/649172\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=649172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=649172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=649172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}