Advantive Announces Strategic Growth Recapitalization Led By A Group Of Investors Including Insight Partners And OA Private Capital (OAPC)
“Advantive was formed in 2022 by TA Associates (TA), a global private equity firm, and ST6, a team of software operating executives. Together with a newly recruited leadership team, TA and ST6 combined the strengths of several market leading businesses to create Advantive, establishing an overall leader in Enterprise Resource Planning (ERP), Manufacturing Execution Systems (MES) and Statistical Process Control (SPC) software. TA remains the largest shareholder of Advantive and is also reinvesting in the company as part of the recapitalization,” according to a press release.
“Advantive was built with a clear mission of modernizing and optimizing the manufacturing and distribution lifecycle. This new financing, along with TA’s recommitment, further validates our strategy and ability to drive transformational outcomes for our customers,” Advantive CEO Benoit de la Tour said. “With the support of our new investors and longstanding partners, TA and ST6, we look forward to meaningfully scaling the business to meet the evolving needs of our customers and market.”
“Today, Advantive provides purpose-built software to more than 5,000 customers globally, with solutions for every aspect of the manufacturing and distribution lifecycle, including plant scheduling, order management, sales order forecasting and pricing, e-Commerce and delivery. With Advantive’s software, customers have the support to streamline complex processes, optimize operations visibility and throughput, and drive improved quality, profitability, and revenue growth,” the release added.
“We created Advantive to capitalize on the growing and attractive segments within the manufacturing and distribution industries. The business has almost tripled its revenues and profits over the last two years, but most satisfying is the number of new jobs that have been created and opportunities for advancement afforded to Advantive employees,” Hythem El-Nazer, Managing Director at TA, said. “We believe in the future opportunity of the business and are thrilled to deepen our partnership with Advantive’s management team, alongside our new co-investors, as we advance the company’s mission.”
Headquartered in Tampa, FL, Advantive has grown to more than 500 employees and operates in 14 countries.
Visit https://advantive.com