TA Associates and True Wind Capital have teamed up for a strategic growth investment in e-Emphasys Technologies, a software and solutions provider to dealers and rental companies in the equipment distribution industry.
The investment comes just a few days after tech-focused investment house True Wind closed its second fund on $817m of equity commitments, almost 1.5x the size of its predecessor fund.
e-Emphasys provides cloud-based enterprise resource planning and dealer management system software for the construction, mining, forestry, material handling, agriculture, heavy truck, aggregate and sanitation industries.
TA managing director Ashutosh Agrawal said, “We are incredibly impressed with the business that Milind and Sayam have built and are honored that they have chosen to work with TA and True Wind.
“Software has long been an attractive sector for TA, and we welcome the opportunity to work alongside our investing partners at True Wind, supporting the e-Emphasys founders and management team in pursuing additional growth across new geographies and verticals.”
True Wind founding partner Adam Clammer added, “We are deeply impressed with e-Emphasys’ modern end-to-end dealer management platform, which has fueled meaningful growth over the past decade.”
Other recent investments from TA include buying into $7.5bn-managing privately-owned multi-family office Caprock.
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