Thoma Bravo completes acquisition of Sparta Systems
Thoma Bravo has completed its acquisition of Sparta Systems, a provider of enterprise quality management solutions, from current investors Summit Partners and Altaris Capital Partners.
Financial details have not been disclosed.
“Sparta is an established leader in the enterprise quality management solutions space, and we look forward to working with the company’s management team to identify and pursue future growth opportunities,” says Scott Crabill, a managing partner at Thoma Bravo. “We expect to help management further accelerate Sparta’s growth and expand the company’s geographical and sector reach.”
“We are excited to partner with Thoma Bravo, which has a proven track record of growing technology companies through organic initiatives and strategic acquisitions,” says Eileen Martinson, CEO of Sparta Systems. “The investment will enable us to further strengthen our product offerings and accelerate our growth initiatives.”
Founded in 1994, Sparta Systems currently has over 650,000 users in more than 30 countries. The company’ customers include the top 30 pharmaceutical companies, 12 of the top 15 medical device companies, and many leading consumer products and discrete manufacturing companies.
The company offers a platform – based on its flagship product TrackWise – that enables manufacturers to deliver products to market safely and efficiently. The company recently released Stratas, a cloud-based solution that extends TrackWise beyond a corporation’s four walls to external suppliers and manufacturers.
“Sparta Systems fits well into the Thoma Bravo buy-and-build investment strategy as a true market leader in a consolidating industry with mission critical product offerings and an experienced management team,” said Arvindh Kumar, vice president at Thoma Bravo. “The company’s new solutions position the company to expand its market share and enhance the safety, efficiency and reliability of its customers’ quality management processes.”
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