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Thoma Bravo to Acquire Sparta Systems - Thoma Bravo investment in Sparta Systems signals growth opportunities for EQMS leader - ThomaBravo.com / SpartaSystems.com
Thoma Bravo to Acquire Sparta Systems

 

NewswireToday - /newswire/ - San Francisco, CA, United States, 2014/07/07 - Thoma Bravo investment in Sparta Systems signals growth opportunities for EQMS leader - ThomaBravo.com / SpartaSystems.com.

   
 
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Thoma Bravo, LLC, a leading private equity investment firm, announced that it has entered into an agreement to acquire Sparta Systems, Inc., a global leader in enterprise quality management solutions (EQMS), from current investors Summit Partners and Altaris Capital Partners. Financial details were not 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,” said 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. Sparta’s solutions provide powerful visibility and traceability across its customers’ quality management activities, allowing organizations to address a multitude of escalating challenges including: mounting regulatory oversight, increased public scrutiny, growing supply chain and business process complexity and increased pressure to deliver greater profits. In addition, the company recently released Stratas™, a revolutionary, 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,” said 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.”

“Eileen along with her management team have built an incredible company, and we couldn’t have been more impressed with the people at Sparta Systems,” said Arvindh Kumar, vice president at Thoma Bravo. “We look forward to partnering with them to continue building on their position as the preeminent EQMS provider.”

Kirkland & Ellis LLP served as legal advisor to Thoma Bravo. Lazard acted as financial advisor and Proskauer as legal advisor to Sparta Systems.

About Thoma Bravo, LLC
Thoma Bravo (thomabravo.com) is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations and provide capital to support growth initiatives. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm currently manages a series of private equity funds representing more than $7.5 billion of equity commitments.

About Sparta Systems
Sparta Systems (spartasystems.com), an industry pioneer and global leading provider of enterprise quality management software (EQMS) solutions, enables businesses to safely and efficiently deliver their products to market. Its TrackWise EQMS, a trusted standard among highly regulated industries, is used by quality, manufacturing and regulatory affairs professionals to manage compliance, reduce risk and improve safety across the global enterprise. Headquartered in Hamilton, N.J. and with locations across Europe and Asia, Sparta Systems maintains an extensive install base in the pharmaceutical and biotechnology, medical device, electronics manufacturing and consumer products markets.

Media Contact: Jena Rossi, SHIFT Communications
P: 617-779-1878 - E: Sparta[.]shiftcomm.com

 
 
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Written by / Agency / Source: Sparta Systems, Inc.

 
 

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Thoma Bravo to Acquire Sparta Systems

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Sparta Systems, Inc. | Thoma Bravo, LLC
Publisher Contact: Alicia Brown - SpartaSystems.com 
609-807-5223 alicia.brown[.]spartasystems.com
 
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