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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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.
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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.