Audax Private Equity has made an investment in Jitterbit Inc, an enterprise integration platform as a service provider. No financial terms were disclosed. Jitterbit’s previous backers KKR and Samsung Ventures will retain stakes in the company moving forward.
BOSTON–(BUSINESS WIRE)–Audax Private Equity (“Audax”) today announced that it has made an investment in Jitterbit, Inc. (“Jitterbit” or “the Company”) to support the continued growth initiatives of the company as a leading enterprise integration platform as a service (“iPaaS”) provider. KKR, Samsung Ventures, and other previous investors will continue to hold stakes in the Company as it enters its next phase of growth.
George Gallegos, CEO of Jitterbit, said, “We are looking forward to partnering with Audax as we embark on an exciting new chapter of our story. This investment will help Jitterbit continue to deliver innovative integration solutions, build out our partner ecosystem, and explore strategic acquisitions to further accelerate our growth.”
Jitterbit has been recognized as a leader for iPaaS by multiple industry reports including the Gartner Magic Quadrant for Enterprise iPaaS for a fifth consecutive year in 2020. The Jitterbit Harmony API Integration platform securely connects to any cloud or on-premises application to automate and streamline rapidly evolving business processes. Thousands of customers from various industries around the world achieve a rapid return on investment through Jitterbit’s best-in-class technology, delivery and hands-on support. With a combination of low-code/no-code and out-of-the-box solutions, Jitterbit helps customers navigate through integration initiatives so they can manage their growing volume of applications, data, projects and complexity and make the right business decisions.
Terms of the transaction were not disclosed. William Blair acted as exclusive financial advisor and Wilson Sonsini Goodrich & Rosati LLP served as counsel to Jitterbit. Kirkland & Ellis LLP served as counsel to Audax.
Jitterbit, the API transformation company, makes it quicker and easier for businesses to exploit data from any source, empowering them to rapidly innovate and make faster, more effective decisions. The Jitterbit Harmony API integration platform and API360 solutions enable companies to quickly connect SaaS, on-premises, and cloud applications and instantly infuse intelligence into any business process. To learn more, visit www.jitterbit.com and follow @Jitterbit on Twitter.
About Audax Private Equity
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $26 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $6 billion in more than 130 platforms and over 875 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.