Welsh Carson To Buy Triple Point Tech from ABRY

Boston-based private equity firm ABRY Partners is expected to exit Triple Point Technology after five years, sources say.

Welsh, Carson, Anderson & Stowe is buying Triple Point, persons say. The $500 million sale is expected to close this week, one source says.

Westport, Conn.-based Triple Point provides software to manage commodities and enterprise risk. The company employs more than 600 people in 12 offices and support centers around the world, according to the Triple Point web site

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