CARY – Two software providers for heavy equipment and industrial machinery have merged, creating a 700-person company with headquarters in Cary.
e-Emphasys Technologies Inc., which is owned by two private equity firms (TA Associates (TA) and True Wind Capital) and CDK Global announced the merger Monday. Financial terms weren’t disclosed.
The co-founders of e-Emphasys have retired and will join the company’s board. They are co-founder and former CEO Milind Bagade and co-founder and COO Sayam Bagade.
Jeffrey Hart, recently named CEO after serving as president, said the deal “solidifies e-Emphasys as an industry leader and reinforces our commitment to delivering even more innovation and greater value to all our clients and partners,” said Hart. “Adding CDK Global Heavy Equipment’s talented team of associates, patented intellectual property, and exceptional service and support operations will expand our global footprint, bringing modern solutions and a seamless customer experience to clients who want to grow their businesses based on the latest technology and industry best practices.”