PEAK ROCK CAPITAL AFFILIATE SELLS AMTECH SOFTWARE TO VISTA EQUITY PARTNERS
Amtech more than tripled its annual recurring revenue and more than doubled its team during Peak Rock's ownership
Amtech is a leading provider of industrial software to the global packaging industry. The Company provides an end-to-end suite of products including Enterprise Resource Planning (ERP), Manufacturing Execution System (MES), and Customer Relationship Management (CRM) solutions. The Company's comprehensive platform provides digital connectivity across these product suites with functionalities spanning the entire value chain from order to cash.
Since acquiring Amtech from its founder, Peak Rock has supported the Company's strategic growth and operational initiatives. This included converting the Company to a recurring subscription revenue model, launching new products, executing a strategic acquisition, and expanding in multiple geographies and end markets. The Company also invested heavily in additional corporate infrastructure, including new information technology systems and enhanced operational capabilities. During its partnership with Peak Rock, Amtech more than tripled its annual recurring revenue (ARR) and more than doubled its headcount.
"Amtech combines deep industry expertise with strong customer relationships and a clear perspective on the future of packaging technology," said
Anthony DiSimone, Chief Executive Officer of Peak Rock, said, "This transaction is another great example of Peak Rock's software investing strategy and the breadth of our portfolio featuring market leading technology businesses. Peak Rock has expertise in providing resources and strategic partnership to support the rapid growth of family and founder-owned businesses. We look forward to partnering with additional software businesses that can benefit from our capabilities to achieve transformational outcomes."
Houlihan Lokey and Macquarie acted as financial advisors and Kirkland & Ellis LLP acted as the legal advisor to the Company on the transaction.
ABOUT AMTECH SOFTWARE
Founded in 1981, Amtech Software is a leading provider of industrial software to the global packaging industry. The Company's fully-integrated product suite of modules and enterprise solutions provides a compelling value proposition to the full spectrum of manufacturers. Amtech is headquartered in
ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in
ABOUT VISTA EQUITY PARTNERS
Vista is a global technology investor that specializes in enterprise software. Vista's private market strategies seek to deliver differentiated returns through a proprietary and systematic approach to value creation developed and refined over the course of 25 years and 600+ transactions. Today, Vista manages a diversified portfolio of software companies that provide mission-critical solutions to millions of customers around the world. As of
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SOURCE Peak Rock Capital
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