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Idera, Inc. Announces Investment from Partners Group

HOUSTON, Jan. 22, 2021 /PRNewswire/ --A Idera, Inc. ("Idera" or "the Company"), parent company of global B2B software productivity brands, today announced an agreement to recapitalize the Company, with global private markets investment manager Partners Group becoming majority owner, on behalf of its clients. Current shareholders HGGC and TA Associates will continue as significant equity investors moving forward, along with Idera's management team.This recapitalization represents the fourth equity transaction for Idera since 2014 and reflects investor confidence in the Company's innovative business model and M&A expertise.A  Since 2014, Idera has grown revenue, bookings, and earnings by more than 10X.A  Organic growth from market-leading assets and acquisitions of nearly 20 companies drive the growth and foretell continued investor success. "Since partnering with TA in 2014, we devoted ourselves to achieving results beneficial to shareholders, customers, and employees," said Randy Jacops, Idera's CEO.A  "Our business model ensures we focus on customer priorities and attracts great investors who advise our innovations and support our belief that accepting and managing risk encourages creativity and confidence from our team.A  I am honored to lead such a great company and look forward to continuing our success with Partners Group and our other investors.""When we first met the Idera team, we discovered a company with a unique business model focused on efficiency, reliability and speed, and one that we believed to be an attractive investment opportunity," stated Hythem El-Nazer, a Managing Director at TA Associates.A  "We became fans of Idera's product mantra of making products easier to use, more scalable and with exceptional quality. This clear focus eliminated friction from the go-to-market process and enabled the Company to focus on the highest value ideas. We are thrilled to continue to partner with Randy Jacops and his management team on the next phase of growth.""When we heard the Idera story, we jumped at the chance to invest in the Company as we pride ourselves on partnering with winning management teams to drive success," said Steve Young, HGGC Co-Founder and outgoing Idera Chairman.
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