SYSPRO, a global ERP software provider for the manufacturing and distribution industries, has been acquired by Advent International, a private equity firm in a move that will accelerate SYSPRO’s global growth ambitions and unlock growth opportunities in key markets, including the USA and UK.
As part of the transaction, Mike Ettling, an experienced software business leader who was previously the President of SAP SuccessFactors and is presently the CEO of Unit4, will join SYSPRO as Chairman of the Board. Phil Duff will retire from the company at the end of September 2024. Phil has been the visionary at the helm of SYSPRO since he started the business 46 years ago.
Founded in 1978, SYSPRO currently employs around 400 people globally and serves customers across six continents, with headquarters in the UK and South Africa. Advent is an experienced software investor with investments in ERP, financial and manufacturing software.
Douglas Hallstrom, Director at Advent International, said, “We have been following SYSPRO for some time and are delighted to support the company into a new phase of ambitious innovation and growth acceleration.”
Jaco Maritz, who was appointed CEO of SYSPRO in 2022 and will continue to lead the company, said, “This partnership not only validates our strategic realignment but also provides us with the resources and expertise to further strengthen our position in the global market. We are excited about the opportunities this collaboration will bring and remain committed to delivering exceptional manufacturing and distribution software solutions to our customers worldwide.”