Major South African software company sold to US investor

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 67%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Syspro co-founder Phil Duff will retire after 46 years at the company.

Advent International has announced that it has entered into an agreement with Syspro to invest in and acquire a majority stake in the South African-based multinational software company.

Advent International is an experienced investor in the software space. It has investments in enterprise resource planning , financial, and manufacturing software. It has also invested in companies like Medius, which specialises in AP automation, and B2B payments, which provides sourcing and procurement software.

“We are delighted to support the company into a new phase of ambitious innovation and growth acceleration,” said Hallstrom.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Major South African solar provider stops trading, enters business rescueThe company has also laid off an undisclosed number of employees.
Source: mybroadband - 🏆 11. / 67 Read more »