Magnitude Software, which is backed by Audax Private Equity, has acquired UK-based Agility Multichannel Ltd, a provider of product information management software. No financial terms were disclosed.
Magnitude Software, a portfolio company of Audax Private Equity, announces the acquisition of Agility Multichannel Ltd
Agility Multichannel Ltd (“Agility”) is a provider of Product Information Management (PIM) software, headquartered in York, England. The company primarily serves enterprise and mid-market companies in global brands, manufacturing, and distribution industries.
Magnitude Software (“Magnitude”), a portfolio company of Audax Private Equity (“Audax”), has completed the acquisition of Agility, representing the company’s 3rd add-on acquisition since Audax’ investment in the company.
In 2014, Audax partnered with Magnitude to build an Enterprise Information Management (EIM) software platform focused on addressing the increasingly heterogeneous data environments within companies. Magnitude’s product offerings consist of Data Connectivity, Master Data Management (“MDM”), and Corporate Performance Management (“CPM”), which target enterprises that need to connect heterogeneous data sources, resolve inconsistency in data across data sources, and want insight into business performance using reporting & analytics tools. The addition of Agility broadens Magnitude’s portfolio of MDM, CPM, and Data Connectivity solutions and enables its expansion into the rapidly growing market for product content management for multi-channel commerce. It also expands Magnitude’s existing global footprint, adding more customers, team members, and facilities worldwide.
Please see www.audaxprivateequity.com/portfolio/investments for a full list of platform acquisitions.
A full list will be available upon request.
AUDAX INVESTMENT CRITERIA
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4 billion in 108 platform and 626 add-on companies. 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.