Private equity firm TA Associates has acquired a majority interest stake in supplier of business management software Access Technology Group, with the transaction expected to close later this month.
Access, which provides business management software across a range of industries including supply chain and warehousing said that it will remain committed to its supply chain customers.
Chris Bayne, Access CEO, added: “This latest move will see continued investment into our software portfolio and expansion within the sector. Our commitment remains firm and we look forward to working with our partners and rapidly growing client-base which includes many well-known manufacturing, warehouse management and supply chain companies.”
TA Associates is acquiring its majority stake from growth investor Lyceum Capital. The financial terms of the transaction were not available.