Global growth private equity firm TA Associates acquired a majority interest in Access Technology Group, a Colchester, UK-based business management software company.
TA will acquire its stake from growth investor Lyceum Capital.
The financial terms of the transaction, which is expected to close later this month, were not disclosed.
Founded in 1991 and led by Chris Bayne, CEO, Access provides software covering finance, HR and payroll, business intelligence, supply chain, CRM and warehousing, and can be deployed in the cloud, in a hosted environment or on-site. The company serves over 6,000 customers and today employs 750 people.
In December, it acquired cloud hosting specialist StratoGen.
In conjunction with the funding, J. Morgan Seigler, a Director at TA Associates, and Ajit Nedungadi, a Managing Director, will join Access Technology Group’s Board of Directors.
FinSMEs