TA Associates, a growth private equity firm, and True Wind Capital, a technology focused private equity firm, has launched a strategic growth investment in e-Emphasys Technologies, a software and solutions provider to dealers and rental companies in the equipment distribution industry. Financial terms of the transaction were not disclosed.
e-Emphasys provides cloud-based enterprise resource planning (ERP) and dealer management system (DMS) software to equipment dealerships and rental companies in the construction, mining, forestry, material handling, agriculture, heavy truck, aggregate and sanitation industries. The company’s fully-integrated software platform is designed to improve operational efficiency and customer service, and drive revenue growth for dealers. The end-to-end digital business transformation platform includes business intelligence and reporting, CRM, advanced document management, mobile solutions, field service tools, self-service online customer portals, telematics, industry specific applications of artificial intelligence, augmented reality, machine learning and more. e-Emphasys is headquartered in Cary, North Carolina, with additional locations in India, the Netherlands and Japan.
“It is a pleasure to welcome TA and True Wind as institutional investors in e-Emphasys,” says Milind Bagade, Co-Founder and Chief Executive Officer of e-Emphasys Technologies. “This is an opportune time to partner with such deeply resourced investors as we seek to accelerate growth in existing and new regions, expanding our global footprint. With their experience investing in technology businesses, we believe TA and True Wind will be true partners in building meaningful additional value in e-Emphasys. We look forward to cementing our place as the global leader in this industry and continuing to help our customers gain market share and competitive advantage.”
“Since our founding, we have been dedicated to helping dealers perfect service delivery, drive revenue and growth, and build lasting customer relationships,” says Sayam Bagade, Co-Founder and Chief Operating Officer of e-Emphasys Technologies. “TA and True Wind share our commitment to excellence, a ‘customer first’ approach, and to driving performance, and we believe they will be valued partners as we seek to grow market share and further position e-Emphasys as the recognized thought-leader in our space. We look forward to a close collaboration and an exciting new chapter in the evolution of our company.”
“We are incredibly impressed with the business that Milind and Sayam have built and are honored that they have chosen to work with TA and True Wind,” says Ashutosh Agrawal, a Managing Director at TA.
Nicholas Leppla, a Senior Vice President at TA, adds: “Software has long been an attractive sector for TA, and we welcome the opportunity to work alongside our investing partners at True Wind, supporting the e-Emphasys founders and management team in pursuing additional growth across new geographies and verticals.”
“We are deeply impressed with e-Emphasys’ modern end-to-end dealer management platform, which has fueled meaningful growth over the past decade,” says Adam Clammer, Founding Partner of True Wind Capital.
David Hirsch, Vice President of True Wind Capital, adds: “Alongside TA, we look forward to partnering with Milind, Sayam and the entire e-Emphasys
