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SYSPRO gets Acquired by Advent International
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Advent International, one of the world’s largest and most experienced private equity investors, will acquire a majority stake in South African Syspro, one of the longest-standing privately-owned vendors of ERP software in the world.
SYSPRO Partnership With Advent International To Support Technology Innovation
SYSPRO is a leading global ERP software provider for the manufacturing and distribution industries.
It was founded in 1978, and currently employs around 400 people globally, and serves customers across six continents, with headquarters in the UK and South Africa.
Syspro CEO Jaco Maritz said the deal, for an undisclosed amount, will support next-generation product and technology innovation and accelerate the company’s growth ambitions in key markets, including the US and UK.
He said, “This partnership not only validates our strategic realignment, but also provides us with the resources and expertise to further strengthen our position in the global market.”
“We are excited about the opportunities this collaboration will bring and remain committed to delivering exceptional manufacturing and distribution software solutions to our customers worldwide.”
New Partnership Expands SYSPRO Reach Beyond Africa
Lalit Kasat, Lincoln International Managing Director, led the transaction. He said, “It was a pleasure to support the Advent team on this important transaction.”
“Phil Duff and the SYSPRO team have built a truly impressive global ERP business specialising in the manufacturing and distribution industries.”
“The business is well positioned to further build on its success through investment in product and technology, further driving SYSPRO’s global growth ambitions including ongoing expansion in the U.S. and UK.”
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The strategic alignment will enhance SYSPRO’s innovation and growth, particularly in key markets including the United States and the United Kingdom.
Looking Forward: New Changes Coming On After The Partnership Announcement
The partnership birthed new changes in the company. Phil Duff, the company’s founder and chairman, will retire at the end of September 2024.
Reflecting on his tenure, Duff said, “I have been at the helm of SYSPRO for 46 years and have worked with incredible teams of people, customers, and partners across the globe. As the company enters a new era, I’m confident Advent can foster continued growth and innovation.”
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