RALEIGH – Investor TA Associates says its backing of insightsoftware is paying off with an acquisition announced early Thursday fitting in to its ambitions for the Raleigh-based firm.
“We are pleased with the tremendous progress insightsoftware has made executing on TA’s initial vision to build the leading software provider for financial reporting and enterprise performance management,” said Hythem El-Nazer, Managing Director at TA, a private equity firm.
Insightsoftware
“We see continued opportunity for accelerating organic growth by providing world-class products and solutions that delight our more than 20,000 customers.”
insightsoftware has acquired Oregon-based Jet Global Data Technologies, which has 14 distribution offices worldwide and some 14,000 customers.
Financial terms were not disclosed.
It’s the latest deal made by insightsoftware since TA acquired and merged that firm last year with Global Software.
Raleigh firm Insightsoftware acquires report automation provider with high-profile customers
insightsoftware focuses on enterprise resource planning, or ERP, and enterprise performance management, or EPM.
Global Data provides a variety of services for reporting, analytics, and budgeting.
“Enterprises today are sitting on virtual treasure troves of data, but the opportunity to harness and act on this information in real time is often lost in the complexity and rigidity of their ERP solutions,” said Mike Lipps, CEO of insightsoftware, in a statement. “With our market-leading reporting portfolio, we are changing this paradigm. And the Jet Global acquisition adds even more flexibility to the mix, with powerful reporting, analytics and budgeting capabilities that empower Microsoft Dynamics ERP customers to make faster, smarter decisions that directly impact business success.”
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