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IGEL to Receive Growth Investment from TA Associates Posted by PublisherComputer & Software, Picture Gallery Monday, 15. February 2021
SAN FRANCISCO, February 15, 2021 ? IGEL, provider of the next-gen edge OS for cloud workspaces, today announced that TA Associates (?TA?), a leading global growth private equity firm, has signed a definitive agreement to make a majority investment in the company.
TA joins existing IGEL investor C. Melchers GmbH & Co. KG (?Melchers?), which has been IGEL?s primary investor since its founding in 2001 and will maintain a significant equity interest in the company. After handing over the position of IGEL CEO to Jed Ayres last year, founder and former CEO of IGEL Heiko Gloge also remains as a minority stake holder and board member. Financial terms of the transaction were not disclosed.
IGEL to Receive Growth Investment from TA Associates
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Computing industry visionary Bill Veghte named IGEL Executive Chairman to lead IGEL’s continued global expansion and capitalize on the exploding need for secure end-user computing
SAN FRANCISCO, February 15, 2021 – IGEL, provider of the next-gen edge OS for cloud workspaces, today announced that TA Associates (“TA”), a leading global growth private equity firm, has signed a definitive agreement to make a majority investment in the company.
IGEL logo
TA joins existing IGEL investor C. Melchers GmbH & Co. KG (“Melchers”), which has been IGEL’s primary investor since its founding in 2001 and will maintain a significant equity interest in the company. After handing over the position of IGEL CEO to Jed Ayres last year, founder and former CEO of IGEL Heiko Gloge also remains as a minority stake holder and board member. Financial terms of the transaction were not disclosed.
Secure Edge OS Blockbuster: TA Associates Buys IGEL, Adds Software Superstar Bill Veghte
“This deal defines IGEL as a category creator and disruptor in the edge OS market,” said IGEL CEO Jed Ayres. “We couldn’t be more excited that TA has singled out IGEL as the de facto secure edge OS standard on any cloud and any device, uniting Microsoft, AWS, VMware and Citrix across both x86 and ARM.” By Steven Burke February 12, 2021, 09:30 AM EST
TA Associates – the highly respected growth-oriented, private equity software investor – has acquired secure edge OS powerhouse IGEL and added former Microsoft software superstar Bill Veghte as executive chairman in a bid to accelerate IGEL’s drive to become a software unicorn.
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