TA Associates Announces Compusoft Deal
TA Associates today announced that it will be investing in Compusoft, a provider of computer-aided design software to the kitchen and bathroom retail industries. The investment is expected to close in the third quarter of 2018.
“Compusoft is among the industry leaders in Europe, with a high quality business model and an impressive history of sustained growth,” said Naveen Wadhera, a Managing Director at TA Associates who will join the Compusoft Board of Directors. “We look forward to partnering with Compusoft, which fits squarely within our focus on profitable businesses with strong management teams and proprietary products and services, to help the company capitalize on its strategy and accelerate growth.”
J. Morgan Seigler, a Managing Director at TA Associates who will also join the Compusoft Board of Directors, added:
“As the demand for kitchen and bathroom modeling services continues to rise, we expect interest in Compusoft’s unique offerings and capabilities to expand further across Europe and other regions. Importantly, Compusoft’s innovative technology provides customers with a user-friendly experience to develop fully-customized spaces to meet their individual needs and desires. With the company’s leading market position, we anticipate continued meaningful growth for Compusoft.”
Financial terms of the transaction were not disclosed.