Mooreland Partners advises OPTIWARE on its sale to Aptean, backed by TA Associates and Vista Equity Partners

GLOSTRUP – May 7, 2019 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to OPTIWARE, the leading provider of smart optimization software on its sale to Aptean, a global provider of mission-critical enterprise software solutions. Aptean is a portfolio company of TA Associates and Vista Equity Partners. Financial terms of the sale will not be disclosed.

OPTIWARE, headquartered in Denmark and backed by Danish private equity fund Capidea, provides data-driven systems for the smart factory, delivering predictive maintenance and real-time monitoring across production processes. Its solutions offer a broad set of smart manufacturing features including downtime management, production optimization and analytics, as well as work and maintenance management. OPTIWARE operates at the nexus of key market trends within overall equipment effectiveness (OEE) and enterprise asset management (EAM) markets. Due to their cloud and mobile ready capabilities, OPTIWARE’s products deliver productivity improvements and optimal utilization of resources, and support the transition of global enterprises toward Industry 4.0 and Smart Manufacturing.

Aptean is a global enterprise software vendor providing ERP, supply chain management and compliance solutions across multiple verticals to over 2,500 clients in more than 54 countries. Aptean’s purpose-built ERP and supply chain management solutions help address the unique challenges facing process and discrete manufacturers, distributors, and other highly specialized organizations. Aptean’s compliance solutions serve over 20 industries including healthcare, biotech, and pharmaceuticals, to name a few. Aptean, headquartered in Alpharetta, U.S., is backed by global private equity investors, TA Associates and Vista Equity Partners.

“With the shift towards industrial IoT and smart manufacturing, we expect these themes will continue to drive consolidation within the sector. We are pleased to have advised OPTIWARE, demonstrating yet again how Mooreland delivers significant advisory value to European private equity funds and also our access to key players across the global technology ecosystem,” said Louis Jeng, Managing Director at Mooreland Partners.

“Mooreland leveraged its domain expertise in enterprise software and industrial technology, as well as world-class transaction execution to drive an optimal outcome for OPTIWARE,” added Victor Garcia, Managing Director, Mooreland Partners.