Resurgens Technology Partners (RTP), a private equity firm focused on investing in North American and European software companies announced an investment in Avantra, a European provider of software solutions for monitoring and automating SAP operations.
This partnership positions Avantra for accelerating its growth, with RTP providing the resources and expertise needed to scale operations and further develop its cutting-edge AIOps platform for SAP.
Avantra’s platform helps clients reduce costs, improve system uptime, and automate IT management processes. And through features like real-time observability, strategic workflow automation, and robust self-healing capabilities, Avantra enables businesses to optimize their IT infrastructure and drive productivity.
This investment marks the eighth platform investment from Resurgens’ second fund, which is a $500 million fund that closed in 2022.
Shea & Company served as an exclusive financial advisor to Avantra.
KEY QUOTES:
“As we continue to scale our business, this partnership felt like the natural next step for us. We believe this collaboration will provide us with significant expertise in enterprise software alongside deep operational resources which will play a critical role in fueling Avantra’s next phase of expansion.”
- John Appleby, CEO of Avantra
“We’re thrilled to partner with Avantra, which we believe has demonstrated excellence in observability and automation of SAP operations. The company has worked toward creating an industry standard and has established a strong international presence, and we look forward to working closely with John and his team to support their continued success.”
- Adi Filipovic, Co-founder and Managing Director at Resurgens Technology Partners
