Private equity firm Thoma Bravo is to acquire Sparta Systems, a provider of enterprise quality management solutions (EQMS), from current investors Summit Partners and Altaris Capital Partners.
Financial details have not been disclosed, and the transaction is expected to close in the third quarter of 2014.
“We are excited about the Sparta Systems acquisition due to the compelling opportunities for growth, both organically and from additional acquisitions that enhance the company’s offerings,” says Scott Crabill, a managing partner at Thoma Bravo. “As a proven EQMS leader with a strong customer base and a defensible position in the industry, it fits our investment and company growth strategy extremely well.”
Founded in 1994, Sparta Systems currently has over 650,000 users in more than 30 countries. The company maintains an extensive customer base in many highly regulated industries, which includes the top 30 pharmaceutical, 12 of the top 15 medical device and leading consumer products and discrete manufacturing companies.
The company offers a platform – led by 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.
“Thoma Bravo’s investment allows us to continue our superior growth trajectory, by strengthening our ability to deliver innovative solutions to customers faster, as well as accelerate our vertical market growth,” says Eileen Martinson, CEO of Sparta Systems. “I’m confident that this will enable us to not only enhance our current customer offerings, but to be opportunistic about acquisitions that will add to our product portfolio.”
Kirkland & Ellis served as legal advisor to Thoma Bravo. Lazard acted as financial advisor and Proskauer as legal advisor to Sparta Systems.
