Aptean Acquisition, Valuation, Funding & Investors

Aptean was acquired by TA Associates and Insight Partners for $3.5B in October 2022.

Aptean acquisition price

$3.5B

Acquired by TA Associates, Insight Partners · Oct 2022

Key investors in Aptean

  • TA Associates
  • Clearlake Capital
  • Charlesbank Capital Partners

Aptean Overview

About Aptean

Aptean is a software company that develops industry-specific enterprise applications. It was formed in August 2012 through the merger of Consona Corporation and CDC Software, both then owned by Vista Equity Partners, and is headquartered in Alpharetta, Georgia. Its products cover enterprise resource planning, supply chain management, logistics, manufacturing execution, product lifecycle management and asset management software. Customers are mid-sized and large organisations in food and beverage, fresh produce, fashion and apparel, transportation, retail, logistics, financial services and process and discrete manufacturing. Revenue comes mainly from software subscriptions and licences, with maintenance and implementation services. The group has grown largely by acquiring niche vertical software vendors in North America and Europe and keeping their products as industry-specific applications. It operates as a platform for add-on acquisitions under private equity ownership.


Founded

2012

HQ

United StatesAlpharetta, GA

Website

aptean.com

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$2B (Jun 2020)

Aptean Acquisition

Aptean was acquired by TA Associates and Insight Partners for $3.5B on 10 October 2022.

Aptean announced on 10 October 2022 that it had signed a definitive agreement for a further investment from TA Associates and a new minority investment from Insight Partners. TA was to become the company's lead shareholder, Charlesbank Capital Partners would remain an investor, and Vista Equity Partners would fully exit its stake. The companies did not disclose terms or ownership percentages; Bloomberg reported that the deal valued Aptean at about USD 3.55 billion including debt. Aptean expected the investment to support development and adoption of its cloud software, together with organic expansion and further acquisitions. At announcement, the enterprise software supplier served more than 10,000 customers in over 20 industries across more than 50 countries and employed over 3,000 people. Its revenue had almost doubled over the preceding two years, and international markets accounted for almost half of sales. Vista had first invested in the business in 2012, while Charlesbank had joined the shareholder group in 2020.

Aptean acquisition details
AcquirerDateTypePrice
  • TA Associates
  • Insight Partners
10 Oct 2022PE buyout$3.5B

Sources: vistaequitypartners.com, willkie.com, charlesbank.com, bloomberg.com

Aptean Valuation

Aptean is currently valued at $2B, based on its strategic investment round in June 2020. Read the announcement ↗

The round included TA Associates and Charlesbank Capital Partners.

Aptean valuation by funding round

Aptean valuation by funding round
DateStageValuation
Jun 2020Strategic investment$2B

Aptean Funding History

Aptean has raised 2 funding rounds.

Aptean's first fundraising round was a strategic investment round in June 2020. The most recent completed round was a undisclosed-stage round in July 2024.

Aptean funding rounds
DateStageInvestorsValuationDeal Summary
Jul 2024Undisclosed stageClearlake Capital-Aptean announced on 1 July 2024 that it had received an investment from Clearlake Capital Group, which joined existing investors TA Associates, Insight Partners and Charlesbank Capital Partners as a shareholder. Financial terms were not disclosed. Chief executive TVN Reddy said Clearlake's investment reflected confidence in the company's strategy and would help accelerate growth, while Clearlake's Behdad Eghbali and Prashant Mehrotra said the firm would support product development, next-generation SaaS offerings and acquisitions. TA Associates, which first invested in Aptean in 2019 and recommitted in 2023, remained a shareholder. Aptean, headquartered in Alpharetta, Georgia, and founded in 2012, provides industry-specific enterprise resource planning and supply chain software for process manufacturing, discrete manufacturing and distribution businesses. It serves more than 10,000 customers in more than 80 countries and in the preceding 18 months had advanced its cloud-based products and expanded its presence in Europe and other regions. The company sells its software mainly on a subscription basis.
Jun 2020Strategic investmentTA Associates; Charlesbank Capital Partners$2BFunds affiliated with Charlesbank Capital Partners signed a definitive agreement in June 2020 to make a strategic growth investment in Aptean, joining existing institutional shareholders TA Associates and Vista Equity Partners. TA Associates made a further investment in the company as part of the same transaction, and Charlesbank, TA and Vista were to have equal representation on Aptean's board. The transaction was expected to close in the third quarter of 2020, subject to customary regulatory approval, and the transaction reportedly valued Aptean at $2 billion. Aptean chief executive TVN Reddy said the added capital would accelerate development of its next-generation cloud solutions and its organic and inorganic growth initiatives. Aptean is an Alpharetta, Georgia-based provider of mission-critical, industry-specific ERP and supply chain software. At the time it served more than 4,100 enterprise clients in over 20 industries across more than 50 countries, with key markets in process and discrete manufacturing and distribution.

Who has invested in Aptean?

3 investors have backed Aptean across its funding rounds, including TA Associates, Clearlake Capital and Charlesbank Capital Partners.


Aptean Investors

Investors in Aptean by funding rounds participated
InvestorHQRoundsRoleFirst check
Clearlake CapitalUnited StatesSanta Monica, CA1ParticipantJul 2024

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Acquisitions by Aptean

Aptean has acquired 65 companies to date.

Last acquisition by Aptean was on September 17th 2026. Aptean acquired FleetGO for undisclosed valuation.


Latest Acquisitions by Aptean

FleetGO
ROTOR Software
Germanedge
OpsVeda
Description
FleetGO is a Netherlands-based telematics platform operator serving OEMs across Europe. It connects over 1 million vehicles via 4G/5G networks for CAN-bus data extraction on fuel consumption and ADR compliance. The agnostic infrastructure supports custom apps for trailer tracking and machinery telematics. FleetGO integrates with ERP systems like SAP. Founded in 2014, it powers solutions from Scania and Volvo.
ROTOR Software is a provider of software solutions for the construction industry. ROTOR Software GmbH develops these tools from its base in Germany.
Germanedge is a German industrial-software group that provides digital-factory applications to discrete and process manufacturers. Its portfolio covers advanced planning and scheduling, manufacturing execution, quality management and connected-worker or shop-floor workflows. The products are delivered through the Edge.One no-code platform and help factories connect production data, machines and employees. The group brought together GEFASOFT, QDA Solutions, New Solutions, ORSOFT and related software operations under a shared manufacturing-technology strategy. Customers include large industrial businesses in automotive, pharmaceuticals, chemicals, food and other manufacturing sectors. Germanedge employed more than 250 people before its sale and generated revenue through software subscriptions or licences, maintenance, implementation and consulting. Aptean acquired the group from Alpina Partners-managed funds and private shareholders in 2026.
OpsVeda provides operational intelligence platforms delivering real-time analytics for supply chain, order fulfillment, and logistics in consumer goods and high-tech sectors.
HQ CountryNetherlandsGermanyGermanyUnited States
HQ City
Zwolle
Sankt Ingbert
Munich
-
Deal Date17 Sep 202615 Jun 20261 Mar 202616 Jan 2026
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Aptean Competitors

Aptean competitors include listed companies like ServiceTitan and EquipmentShare.com, and private ones like Certus Core, Claroty, Uptake Technologies and Arda.

Public and private companies comparable to Aptean
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ServiceTitanUnited StatesUnited StatesPublicly listed$961M($86M)$7.9B6.8x
Certus CoreUnited StatesTampa, FLPrivate--$3.4B-
ClarotyUnited StatesNew York City, NYPrivate$200M-$3B15.0x
Uptake TechnologiesUnited StatesUnited StatesPrivate$100M-$2.3B23.0x
ArdaUnited StatesSan Francisco, CAPrivate--$1.5B-
EquipmentShare.comUnited StatesUnited StatesPublicly listed$4.4B$704M$3.7B1.5x

Aptean Public Comps

Aptean is no longer listed, but its public comps include TOTVS, EquipmentShare.com, Geovis, DHC Software, Bozhon Precision Industry, Kingdee, Inesa Intelligent Tech, CCC Intelligent Solutions, Yonyou Hong Kong and Glodon Co.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TOTVS$1.1B$298M3.8x3.0x13.4x11.4x
EquipmentShare.com$4.4B$704M1.9x1.5x11.7x4.5x
Geovis$402M$45M10.1x8.7x91.1x-
DHC Software$1.9B$132M2.0x1.8x29.2x-
Bozhon Precision Industry$985M$115M3.3x2.5x28.0x22.7x
Kingdee$1.1B$95M3.6x3.2x39.2x30.3x
Inesa Intelligent Tech$953M$41M2.7x2.8x61.6x-
CCC Intelligent Solutions$1.1B$238M4.3x4.0x19.1x9.4x

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Common questions about Aptean

When was Aptean founded?Aptean was founded in 2012.
Where is Aptean headquartered?Aptean is headquartered in Alpharetta, GA, United States.
Is Aptean publicly listed?No, Aptean was acquired by TA Associates and Insight Partners in October 2022.
Who acquired Aptean?Aptean was acquired by TA Associates and Insight Partners in October 2022.
How much was Aptean acquired for?Aptean was acquired for $3.5B in October 2022.
What is Aptean's valuation?Aptean was last valued at $2B in its strategic investment round in June 2020.
What was Aptean's last funding round?Aptean's last funding round was a undisclosed-stage round in July 2024.
Who are Aptean's investors?Aptean's investors include Clearlake Capital, TA Associates and Charlesbank Capital Partners.
Which companies are comparable to Aptean?Companies comparable to Aptean include ServiceTitan, Certus Core, Claroty, Uptake Technologies, Arda and EquipmentShare.com.
How many companies has Aptean acquired?Aptean has acquired 64 companies, including FleetGO, ROTOR Software, Germanedge, OpsVeda and JMA.
What was the largest acquisition by Aptean?The $490M acquisition of Logility in January 2025 is the largest acquisition Aptean has made to date.

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