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Syspro, the South African software company that became a global success story, has been sold to private equity investor Advent International for an undisclosed sum.
The transaction will accelerate Syspro’s global growth ambitions through additional investment to support next generation product and technology innovation, as well as unlock growth opportunities in key markets, including the USA and UK. Mark Wilson, CEO of Syspro EMEA and APAC, stresses the significance of the transaction for a local software company. “Syspro really is a local legend, adding value to manufacturers and distributors for 46 years.
Although Maritz and Wilson don’t anticipate many operational or management changes over the coming months, they are enthusiastic about the new opportunities that being part of the Advent portfolio will offer. Douglas Hallstrom, director at Advent International, says: “We have been following Syspro for some time and are delighted to support the company into a new phase of ambitious innovation and growth acceleration.”
“For the past 46 years, the Syspro product has been developed in South Africa, with South African skills, for South African businesses. This is something we are exceptionally proud of: that the quality of our resources is such that we can take a world-class product to market locally and globally.”
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