Advent International
Assembly Line
Advent International to invest in SYSPRO, a global provider of manufacturing and distribution software to enhance innovation and growth
Advent International, one of the world’s largest and most experienced private equity investors, announced that it has entered into a definitive agreement to invest and acquire a majority ownership stake in SYSPRO, a leading global ERP software provider for the manufacturing and distribution industries. Founded in 1978, SYSPRO currently employs around 400 people globally and serves customers across six continents, with headquarters in the UK and South Africa.
Advent is an experienced software investor with investments in ERP, financial and manufacturing software. Recent investments in the sector include Aareon, a European provider of Software-as-a-Service (SaaS) solutions for the property industry; Unit4, a global cloud ERP software vendor; Medius, a global leader in AP automation, B2B payments, sourcing and procurement software; and Prometheus Group, a global provider of enterprise asset management software. In addition to a 34 year track record in technology investing, Advent brings a depth of experience in the manufacturing and industrial space, having invested $21bn within the sector globally in the last 33 years.