EQT VI to acquire UC4 Software Group
- EQT VI to acquire 100% of UC4, the world’s largest, independent IT Process Automation software vendor, from Carlyle Europe Technology Partners, and the founder Franz Beranek for an enterprise value of EUR 220 million
- EQT VI to support UC4 in accelerating its international sales, strengthening its market-leading ONE Automation platform and further expanding its product offerings particularly in application, release and cloud automation
- UC4 management to reinvest alongside EQT VI
EQT VI has agreed to acquire UC4 Software Group (“UC4” or the “Company”) from Carlyle Europe Technology Partners, the founder Franz Beranek and management for an enterprise value of EUR 220 million.
UC4 is the world’s largest independent IT Process Automation software vendor. UC4’s ONE Automation platform delivers IT Process Automation helping organizations to manage increasingly dynamic and heterogeneous IT landscapes, and to migrate to cloud computing as the next generation of IT service delivery. The Company has recently complemented its product portfolio by offering Application Release Automation on its existing ONE Automation platform.
The Company has a strong and loyal customer base with roughly 2,050 blue chip customers including more than 70 of the Global Fortune 500 companies. The Company roughly generated revenues of EUR 62 million in the past fiscal year ending in April 2012 and is headquartered in Wolfsgraben (close to Vienna), Austria and Bellevue, US.
“We consider UC4 a highly attractive growth company and are impressed by its customer base and strong automation offering. The new Supervisory Board, consisting of a mix of highly relevant and experienced EQT Industrial Advisors, looks forward to supporting UC4's management team in driving further expansion into the rapidly growing Cloud Automation market”, says Per Franzén, Partner at EQT Partners in Germany, Investment Advisor to EQT VI.
“We are very pleased to welcome EQT VI as our new owner and look forward to working together with EQT VI and the new Supervisory Board to realizing the growth potential of UC4. EQT’s industrial focus with a very strong line-up of Industrial Advisors will be of great value to UC4 and to us as a management team when developing the Company over the next years”, says Jason Liu, CEO of UC4.
The transaction is subject to all necessary approvals from the relevant authorities and is expected to be completed in the fourth quarter 2012.
Contacts:
Spokespersons Johan Hähnel, EQT VI Spokesperson
+46 8 506 55 334
Jason Liu, CEO of UC4
+1 425 633 2900
About EQT
EQT is the leading private equity group in Northern Europe with close to EUR 18 billion in raised capital and multiple investment strategies. Together with an extensive network of independent Industrial Advisors, EQT implements its investment strategy by acquiring or financing good medium-sized to large companies in Northern and Eastern Europe, Asia and the United States, supporting their development into leading companies. Development is achieved by an industrial strategy with focus on growth. Since inception, EQT has invested more than EUR 11 billion in around 100 companies and exited close to 50. EQT-owned companies have more than 550,000 employees.
EQT Partners, acting as Investment Advisor to the managers of each EQT fund, has around 120 investment professionals with an extensive industrial and financial competence. EQT Partners and its affiliates have offices in Copenhagen, Frankfurt, Helsinki, Hong Kong, Oslo, London, Munich, New York, Shanghai, Singapore, Stockholm, Warsaw and Zurich.
More information can be found on www.eqt.se
About UC4
UC4 Software Group is the world’s largest, independent IT Process Automation software company. UC4’s ONE Automation platform delivers IT Process Automation for organizations facing increasingly dynamic applications and infrastructure, and those migrating to next generation service models for cloud, DevOps, and big data. Unified process automation is proven to help IT Operations gain greater control and significantly improve both service delivery and cost savings. With 25 years of experience, UC4 automates tens of millions of operations a day for over 2,050 customers worldwide. The Company maintains office locations around the world and is headquartered in Wolfsgraben, Austria, and Bellevue, US.
More information can be found on www.uc4.com