Enterprise firm UC4 purchased in $270m deal by EQT

The largest global provider of independent IT Process Automation software UC4 has been acquired by private equity firm EQT for $270 million.

Billed as the largest global provider of independent IT Process Automation software, UC4 has been acquired by private equity firm EQT for $270 million, the companies announced today.

uc4 deal eqt

Signalling strong corporate growth from fiscal year 2012 and the first quarter of fiscal year 2013, the Austrian company has been bought through an agreement between EQT and The Carlyle Group.

EQT is one of the leading private equity groups in Northern Europe with nearly 18 billion euros ($22.1 billion) in raised capital.

UC4 focuses on helping enterprises move their systems to next-generation platforms including cloud, DevOps and Big Data. The company's management team is based in the U.S., and their clients include BT Global Services, travel operator TUI and a French banking group.

In business for 25 years, the company claims it automates "tens of millions of operations" a day for over 2,000 customers worldwide.

Per Franzén, Partner at EQT Partners in Germany and Investment Advisor to EQT VI, said:

"We consider UC4 a highly attractive growth company and are impressed by its customer base and strong automation offering. The new Supervisory Board, consisting of a mix of highly relevant and experienced EQT Industrial Advisors, looks forward to support UC4's management team in driving further expansion into the rapidly growing Cloud Automation market."

This is not the only investment EQT has made this year. It recently purchased luxury mobile phone manufacturer Vertu from Nokia, and also completed a $1.8bn deal to buy German medical supplies manufacturer BSN Medical in June.

UC4's purchase is expected to be completed in the fourth quarter of 2012, subject to relevant authority approval.


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