Aras secures significant growth investment from GI Partners
Aras has secured a substantial growth investment from GI Partners, a private investment firm. This investment will further accelerate Aras’ low-code platform innovation, global expansion, and customer success.
Aras continues to disrupt the industrial software market with its low-code platform and suite of digital solutions spanning the product lifecycle from global product development and systems engineering to manufacturing, maintenance, and digital twins. Large enterprises such as Microsoft, Honda, and Airbus use Aras to rapidly digitalise mission critical processes and replace legacy systems faster.
“We believe the pace of digital transformation in manufacturing is just beginning to increase, and that Aras is uniquely positioned to deliver the next generation of platform-based applications for global companies. We are excited to partner with Peter and the management team to help further extend their cloud technology leadership, world-class support, and operations as the business scales,” says Travis Pearson, Managing Director and Co-Head of Private Equity at GI Partners. “Our vision is to grow the company through investment in internal processes and innovation, both organic R&D and acquisitions.”
“As hardware and software processes merge across the lifecycle, an industrial low-code platform with open interoperability is critical to layer over, rationalise, and replace legacy systems faster, creating a single, end-to-end digital thread foundation to enable artificial intelligence & machine learning analysis and optimisation,” says Peter Schroer, Founder & CEO of Aras. “We are transforming the way the world makes products by reinventing software for engineering and manufacturing to empower our customers with the flexibility to adapt quickly to tomorrow’s most strategic challenges.”
“The Aras team has developed a truly differentiated low-code platform powerful enough for the most complex scenarios in industry. We see significant opportunity for large companies to fast-track their enterprise SaaS migration with Aras and achieve step-function results,” adds Sendil Rajendran, Director at GI Partners.
“Aras has established itself with a market-leading solution and has achieved significant growth throughout the duration of our investment at Silver Lake Kraftwerk,” says Karen King, Managing Director at Silver Lake. “It has been exciting to help launch a true innovator like Aras as the company continues to show strong momentum toward category leadership in this next phase of its expansion.”
Goldman Sachs & Co served as exclusive financial advisor to Aras and Cravath, Swaine & Moore LLP served as outside counsel. Evercore served as exclusive financial advisor and Ropes & Gray LLP served as legal advisor to GI Partners.