Clearlake leads an investment to back Aptean’s ambition to accelerate innovation and global expansion
Aptean, a global provider of industry-specific enterprise resource planning (“ERP”) and supply chain software, announced that it has received an investment from Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) to support Aptean’s journey. Clearlake will join existing investors TA Associates (“TA”), Insight Partners (“Insight”), and Charlesbank Capital Partners (“Charlesbank”) as shareholders.
“Aptean is thrilled to welcome Clearlake as an investor as we continue addressing the needs of our customers with our cloud ERP and supply chain software,” said TVN Reddy, CEO of Aptean. “Clearlake’s investment underscores their confidence in our strategy and commitment to expansion. Partnering with Clearlake, alongside our existing investors, will enable us to continue delivering differentiated solutions to the market and accelerate our growth.”
Since its founding in 2012, Aptean has focused on providing industry-specific software to the process manufacturing, discrete manufacturing, and supply chain management verticals, serving over 10,000 customers globally across more than 80 countries. Over the past 18 months, Aptean has advanced its cloud-based solutions and penetrated its presence in Europe and other global regions.
Behdad Eghbali, Co-Founder and Managing Partner, and Prashant Mehrotra, Partner and Managing Director, at Clearlake, said, “We are excited to partner with Aptean’s management team and join TA, Insight, and Charlesbank as investors. We see an opportunity to build upon Aptean’s market position as a provider of manufacturing ERP and supply chain solutions. We look forward to leveraging our O.P.S.® operational improvement approach to further support TVN and his team as they execute on product advancements, develop next-generation SaaS solutions, and pursue strategic acquisitions.”
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Hythem El-Nazer, Managing Director, and Mike Libert, Managing Director, at TA, said, “We are proud to be long-term supporters of Aptean, having first invested in the Company in 2019 and then recommitting in 2023 to deepen our partnership. We remain excited about the Company’s growth trajectory, innovation in new applications, and opportunity for strategic acquisitions. We welcome Clearlake as a shareholder and look forward to working collaboratively with the goal of enhancing Aptean’s market position and realizing accelerated growth.”