EQT VI has agreed to acquire UC4 Software Group 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.