Thoma Cressey Invests Over $100 Million in Companies Engaged With IBM Small and Medium Business Platform
December 21st, 2006 Leave a comment Visited 23 times, 2 so far today
Thoma Cressey Invests Over $100 Million in Companies Engaged With IBM Small and Medium Business Platform
IBM (NYSE: IBM) today announced Thoma Cressey’s recent investment of over one hundred million dollars in technology companies that serve users of IBM’s “all-in-one” System i business computing platform. A private equity investment firm known particularly in the Software, Services, and Healthcare industries, Thoma Cressey has made three major investments in this marketplace in as many months — signaling the firm’s positive view of the System i platform.
“Within the last five years, Thoma Cressey has increased its focus on mission-critical software for small and mid-sized businesses, making its investments around IBM’s premier system for customers of this size a natural,” said Orlando Bravo, a managing partner at Thoma Cressey. “Thoma Cressey’s recent investment activity is a reflection of the System i market’s potential for growth and the opportunities we expect it to provide.”
The System i platform has built-in security, virus-resistance, database and storage as well as systems management recognized for its simplicity. This allows companies to run programs across the entire business — from accounting, supply chain, customer relationship management, email and high availability — all on one open, integrated system that automatically backs-up and helps manage the data.
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