Golden Gate Capital has completed has completed the acquisition of Vector Solutions, a specialist in eLearning and SaaS performance support solutions, from Providence Equity Partners.
CEO Jeff Gordon and the current management team will continue to lead Vector, which will remain headquartered in Tampa, Florida.
Founded in 1999, Vector Solutions offers SaaS-based, compliance-driven enterprise eLearning, workforce management and performance improvement solutions to targeted industries in three primary sectors: commercial, public sector, and education. Their innovative products help organisations improve outcomes, optimise performance, and reduce risk in many industries, including engineering and construction, industrial manufacturing, K12 and higher education, and public safety.
“This transaction is validation of the strong company Vector has built and allows us to continue on our strategic path and execute on our next phase of our growth,” says Gordon. “Alongside Golden Gate Capital, which has deep software industry and operational experience, we will focus on enhancing our product capabilities and offerings, building out best-in-class delivery competencies, and expanding geographically. We look forward to working collaboratively with our partners at Golden Gate Capital to unlock growth opportunities and execute on our strategy over the long-term.”
“In an environment where companies and institutions are increasingly seeking to enhance the long-term performance of workforces, Vector is well-positioned to continue developing the mission-critical tools to help them achieve their goals,” says Rishi Chandna, a Managing Director at Golden Gate Capital. “We are excited for the opportunity to partner with Jeff and the terrific Vector management team to accelerate the Company’s strategic initiatives as Vector enters its next phase of growth.”
