Rocscience – a pioneering provider of geotechnical software solutions – recently announced that TA Associates, a leading global private equity firm, completed a strategic growth investment.
Launched in 1996, Rocscience specializes in 2D and 3D modeling, simulation, and analysis of rock and soil behavior. The company’s team of industry experts is dedicated to developing the most advanced geotechnical software for professionals across the civil, structural, and mining industries.
Combining sophisticated research with continuous software development, Rocscience offers an integrated portfolio of reliable, easy-to-use products that help engineers solve the most complex geotechnical challenges.
Over 10,000 customers across 120 countries rely on Rocscience’s technology. And TA’s investment will enable the company to capitalize on several organic and inorganic growth initiatives, including investing in its operations and go-to-market strategy, expanding its product suite through strategic M&A, and advancing the Company’s product offerings into adjacent market categories.
As part of the deal, Nicholas Leppla, Ashutosh Agrawal, a Managing Director at TA, and John Triebsch, a Senior Vice President at TA, will join the Rocscience Board of Directors. Dr. John Curran will remain on the Board of Directors.
The financial terms of the transaction were not disclosed. And Kirkland & Ellis served as legal counsel and Canaccord Genuity served as financial advisor to TA.
KEY QUOTES:
“At the core of Rocscience has been our passion for innovation and commitment to user success. This passion has fueled our growth and helped us to continuously deliver products and services tailored to meet customer needs. In TA, we are pleased to find a partner who shares our drive and vision for the company.”
— Dr. John Curran, Founder and Executive Chair at Rocscience
“We are confident that TA is the right catalyst to accelerate our growth journey. TA offers the experience, broad network and value-add capabilities needed as we aim to explore new geotechnical software offerings and expand our global footprint. We are excited to partner with the TA team as we embrace the opportunities ahead.”
— Dr. Thamer Yacoub, CEO and President of Rocscience
“We have followed Rocscience for years and have been consistently impressed by the Company’s world-class technology. Building on the Company’s strong market position, we believe there is significant opportunity for further growth. We are excited to partner with the entire Rocscience team on the journey ahead and are honored they chose TA as the company’s first institutional investor.”
— Nicholas D. Leppla, Director at TA
