GREENSBORO – A Greensboro-headquartered provider of supply chain risk management software will receive a significant investment from KKR, a global investment and asset management firm.

The company, apexanalytix, is also backed by Charlotte-headquartered Carousel Capital. Carousel will remain a minority stakeholder in the company after making the initial investment in 2014, then sponsoring a recapitalization of the business in 2020.

KKR, however, will acquire a majority interest in the company, according to a statement.

“We are excited to invest behind this exceptional team and to use our resources to help them continue to deliver best-in-class supply chain management solutions to customers around the world,” said Webster Chua, partner at KKR, in a statement.

Chua described the acquisition of apexanalytix as driven by an intersection of the investment firm’s convictions.  Those include, Chua noted, digitization, data-enabled platforms, the fragmentation of global supply chains, and the emergence of tech-enabled services focused on operational efficiencies.

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Steve Yurko, the CEO of apexanalytix, called KKR a strategic partner and noted that the deal can help the company “accelerate our mission of being the ultimate supplier information, risk and opportunity management solution for the world’s largest companies.”

According to apexanalytix, the firm serves more than 250 Fortune 500 or Global 2000 companies, including Toyota, Starbucks, and AstraZeneca, with an estimated $8.1 trillion in “spend” protected each year.

Financial terms of the deal were not disclosed by the company or its investors.

The company is hiring a dozen positions based in Greensboro, and about two dozen more positions that could be based in other geographic locations. The company is headquartered in Greensboro, and it operates offices in Arkansas, the United Kingdom, and Hong Kong.

The firm was sold in 2009 to a private equity firm, when it was known as APEX Analytix.  The company hired a new CEO in 2003 and was named to the Deloitte Fast 50 in 2004.

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