{"id":787818,"date":"2024-08-22T14:14:10","date_gmt":"2024-08-22T12:14:10","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=787818"},"modified":"2024-08-22T14:14:16","modified_gmt":"2024-08-22T12:14:16","slug":"advent-international-acquires-majority-stake-in-syspro-to-enhance-innovation-and-growth","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/787818\/advent-international-acquires-majority-stake-in-syspro-to-enhance-innovation-and-growth\/","title":{"rendered":"Advent International acquires majority stake in SYSPRO to enhance innovation and growth"},"content":{"rendered":"\n<p>World-leading private equity firm Advent International has acquired a majority stake in global ERP software provider SYSPRO.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/za.syspro.com\/press_release\/advent-international-to-invest-in-syspro-a-global-provider-of-manufacturing-and-distribution-software-to-enhance-innovation-and-growth\/?utm_source=BusinessTech&amp;utm_medium=article&amp;utm_term=August+2024\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Click here to learn more about SYSPRO.<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p>As one of the largest and most experienced private equity firms in the world, Advent International has spent over 34 years investing in ERP, financial, and manufacturing software companies &#8211; totalling over $21 billion in investments.<\/p>\n\n\n\n<p>The acquisition marks a new era of accelerated growth, expansion, and improved customer value at SYSPRO, said the firm.<\/p>\n\n\n\n<p>\u201cWe have been following SYSPRO for some time and are delighted to support the company into a new phase of ambitious innovation and growth acceleration,\u201d said Douglas Hallstrom, Director at Advent International.<\/p>\n\n\n\n<p>\u201cIt is unique to find an established business like SYSPRO with such meaningful potential for further growth,\u201d added Christian Braunfisch, Assistant Director at Advent International.<\/p>\n\n\n\n<p>\u201cWe are excited to bring Advent\u2019s expertise in enterprise application software to support the SYSPRO team in building a long-term global category leader.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The future at SYSPRO<\/strong><\/h3>\n\n\n\n<p>As part of the acquisition, SYSPRO co-founder Phil Duff will retire from his Executive Chairman role at the end of September 2024.<\/p>\n\n\n\n<p>Duff has been at the helm of SYSPRO since he started the company, and under his guidance it has grown into a global ERP leader.<\/p>\n\n\n\n<p>\u201cI have been at the helm of SYSPRO for 46 years and have worked with incredible teams of people, customers, and partners across the globe,\u201d said Duff.<\/p>\n\n\n\n<p>\u201cAs the company enters a new era, I\u2019m confident Advent can foster continued growth and innovation.\u201d<\/p>\n\n\n\n<p>Experienced software business leader Mike Ettling will become the Chairman of the SYSPRO board, while current CEO Jaco Maritz will continue to lead SYSPRO.<\/p>\n\n\n\n<p>\u201cThis partnership not only validates our strategic realignment, but also provides us with the resources and expertise to further strengthen our position in the global market,\u201d said Maritz.<\/p>\n\n\n\n<p>\u201cWe are excited about the opportunities this collaboration will bring and remain committed to delivering exceptional manufacturing and distribution software solutions to our customers worldwide.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About SYSPRO<\/strong><\/h3>\n\n\n\n<p>Founded in 1978, SYSPRO is a leading global ERP software provider for the manufacturing and distribution industries that employs over 400 people and boasts customers across six continents.<\/p>\n\n\n\n<p>It is a global leader within its key market verticals and offers a bespoke software suite that caters to customers\u2019 most complex use cases &#8211; allowing them to manage and run their businesses efficiently.<\/p>\n\n\n\n<p>The acquisition by Advent International offers extensive benefits to new and existing SYSPRO clients, enabling the company to continue providing its customers with cutting-edge products and innovative services.<\/p>\n\n\n\n<p><a href=\"https:\/\/za.syspro.com\/press_release\/advent-international-to-invest-in-syspro-a-global-provider-of-manufacturing-and-distribution-software-to-enhance-innovation-and-growth\/?utm_source=BusinessTech&amp;utm_medium=article&amp;utm_term=August+2024\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Click here to learn more about SYSPRO.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The investment marks a new era of accelerated growth, expansion, and improved customer value at SYSPRO.<\/p>\n","protected":false},"author":57,"featured_media":787819,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[20411,20412,15369,939,20414,3387,20413,10327,14205],"class_list":["post-787818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-advent-international","tag-douglas-hallstrom","tag-erp","tag-financial","tag-jaco-maritz","tag-manufacturing","tag-phil-duff","tag-software","tag-syspro"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/787818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=787818"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/787818\/revisions"}],"predecessor-version":[{"id":787822,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/787818\/revisions\/787822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/787819"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=787818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=787818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=787818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}