|[July 28, 2014]
Thoma Bravo Completes Acquisition of Sparta Systems
SAN FRANCISCO --(Business Wire)--
Bravo, LLC, a leading private equity investment firm, has completed
its acquisition of Sparta
Systems, Inc., a global leader in
enterprise quality management solutions, from current investors Summit
Partners and Altaris Capital Partners. Financial details were not
"Sparta is an established leader in the enterprise quality management
solutions space, and we look forward to working with the company's
management team to identify and pursue future growth opportunities,"
said Scott Crabill, a managing partner at Thoma Bravo. "We expect to
help management further accelerate Sparta's growth and expand the
company's geographical and sector reach."
"We are excited to partner with Thoma Bravo, which has a proven track
record of growing technology companies through organic initiatives and
strategic acquisitions," said Eileen Martinson, CEO of Sparta Systems.
"The investment will enable us to further strengthen our product
offerings and accelerate our growth initiatives."
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 companies, 12 of the top 15 medical device companies, and
many leading consumer products and discrete manufacturing companies.
The company offers a platform - based on its lagship 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
"Sparta Systems fits well into the Thoma Bravo buy-and-build investment
strategy as a true market leader in a consolidating industry with
mission critical product offerings and an experienced management team,"
said Arvindh Kumar, vice president at Thoma Bravo. "The company's new
solutions position the company to expand its market share and enhance
the safety, efficiency and reliability of its customers' quality
Kirkland & Ellis, LLP, served as legal adviser to Thoma Bravo. Lazard
acted as financial adviser and Proskauer as legal adviser to Sparta
About Sparta Systems
Sparta Systems, an industry pioneer and global leading provider of
enterprise quality management solutions (EQMS), 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. Read more about Sparta
Systems and TrackWise software on the corporate website www.spartasystems.com or
About Thoma Bravo, LLC
Thoma Bravo 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. For more information, visit www.thomabravo.com.
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