Venture Capital Firms Merge TriTech, Superion, Aptean
Monday, July 30, 2018 | Comments

Superion, TriTech and Aptean — three public-safety technology companies — entered into a definitive agreement to create a new business focused on building software for critical issues facing local governments.

Vista Equity Partners and Bain Capital are co-owners of the combined business. Bain Capital acquired TriTech this year, and Superion and Aptean are both portfolio companies of Vista Equity Partners.

The combination of Superion, TriTech and the public sector and healthcare business of Aptean creates a company that will offer a suite of software solutions to serve agencies of all sizes across North America.

The new company will maintain all current products from each business while investing in developing new technology solutions. Its public-safety business will focus on solutions such as integrating devices that detect active shooters with emergency response systems, forecasting and preventing crimes through smarter patrolling, and advanced analytics that help measure and improve public safety. The public administration business will focus on interactive voice-enabled bill payment, tracking and response time for permitting, and artificial intelligence (AI) and data science to transform local government data into web-enabled reports.

Simon Angove, who serves as CEO of Superion, will lead the new business. TriTech President and CEO Tony Eales will join the board of the new company.

“In an environment of increasing citizen expectations and constrained public resources, technology can play a critical role by creating a multiplier effect on the work done by public sector agencies,” Angove said. “The new company brings together the largest pool of talent focused specifically on building innovative software technologies for the public sector and will look to incorporate recent advances in data science, cloud-based solutions, IoT (internet of things) and AI/ML (machine learning) to enhance the capabilities and impact of the public sector.”

Vista Equity Partners and Bain Capital are experienced in investing in and managing enterprise software companies. Their expertise and best practices, combined with an experienced management team, will enable the new company to power innovation in the government technology space, a statement said.

The transaction is subject to customary closing conditions and is expected to close during the third quarter.

FIS sold its SunGard Public Sector and Education businesses to Vista Equity Partners for $850 million in 2016. SunGard was renamed Superion.

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