Harris Williams & Co has advised TA Associates on its acquisition of a majority interest in Access Technology Group (Access), a business management software company.
Harris Williams & Co is acting as the exclusive financial advisor to TA Associates. The pending transaction, which is expected to close by the end of January 2015, is being led by Thierry Monjauze and Jonathan Organ from Harris Williams & Co’s Technology, Media & Telecom (TMT) Group in London.
“Access is a high quality business which has demonstrated outstanding and consistent organic and acquisitive growth driven by its ability to deliver premium, end-to-end ERP software solutions. The investment by TA Associates is a perfect partnership for Access and will enable the company to accelerate its growth and build upon its commanding position in the market. We look forward to seeing the company continue to thrive with its new partner,” says Thierry Monjauze, a managing director in the firm’s TMT Group.
Access' software covers finance, HR and payroll, business intelligence, supply chain, CRM and warehousing, and can be deployed in the cloud, in a hosted environment or on-site. The company's applications help over 6,000 customers, including some of the most innovative and rapidly-growing enterprises in the UK, achieve operational excellence. Colchester-based Access was founded in 1991 and today employs 750 people. In December, it acquired cloud hosting specialist StratoGen.