Sparta Systems Sold From One Private Equity Owner to Another Sparta Systems Inc., a provider of s

Sparta Systems Sold From One Private Equity Owner to Another
Sparta Systems Inc., a provider of software-based enterprise quality management solutions (EQMS) will be acquired by Thoma Bravo LLC, a San Francisco, Calif.-based private equity firm. Financial details were not disclosed, and the transaction is expected to close in the third quarter of this year.
Current owners are equity firms Summit Partners and Altaris Capital Partners.

“We are excited about the Sparta Systems acquisition due to the compelling opportunities for growth, both organically and from additional acquisitions that enhance the company’s offerings,” said Scott Crabill, a managing partner at Thoma Bravo. “As a proven EQMS leader with a strong customer base and a defensible position in the industry, it fits our investment and company growth strategy extremely well.”

Founded in 1994, Sparta Systems currently has more than 650,000 users in more than 30 countries.
The company maintains an extensive customer base in many highly regulated industries—such as life sciences, which includes the top 30 pharmaceutical, 12 of the top 15 medical device and leading consumer products and discrete manufacturing companies.

The company offers a platform—led by its flagship product, TrackWise—that provides manufacturers with visibility and traceability in their quality management activities, allowing organizations to address challenges such as: mounting regulatory oversight, increased public scrutiny, growing supply chain and business process complexity and increased pressure to deliver greater profits. In addition, the company recently released Stratas, a cloud-based solution that extends TrackWise beyond a corporation’s four walls to external suppliers and manufacturers.

“Thoma Bravo’s investment allows us to continue our growth trajectory by strengthening our ability to deliver innovative solutions to customers faster, as well as accelerate our vertical market growth,” said Eileen Martinson, CEO of Sparta Systems. “I’m confident that this will enable us to not only enhance our current customer offerings, but to be opportunistic about acquisitions that will add to our product portfolio.”

Sparta Systems is headquartered in Hamilton, N.J., and has locations across Europe and Asia.