Advent International to invest in SYSPRO, a global provider of manufacturing and distribution software to enhance innovation and growth
Advent International (“Advent”), one of the world’s largest and most experienced private equity investors, today 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. SYSPRO has established itself as a global leader within its key market verticals, with a purpose-built software suite catering to the most complex customer needs. This transaction will accelerate SYSPRO’s global growth ambitions, through additional investment to support next generation product and technology innovation to unlock growth opportunities in key markets, including the USA and UK. Advent is an experienced software investor with investments in ERP, financial and man...