Idera Closes $1.125 Billion Recapitalization

Funding Rounds

▤ Summary

Idera, a Houston-based provider of database lifecycle management solutions and application development tools, closed a $1.125 billion recapitalization.Upon completion of the deal, HGGC will be the controlling investor in the company, with TA Associates and management retaining a significant ownership stake.The recapitalization includes funding for a pending add-on acquisition by Idera that is signed and expected to close in the coming months.The company’s customers span multiple industries, including Education, Energy, Financial, Government, Healthcare, Manufacturing, Media, Retail and Technology.The University of Notre Dame, Chevron, Saint Francis Health Services, and Microsoft are among the more than 20,000 organizations who use its products every day.

$ Funding

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Amount $1.1B Total raised
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Date June 2, 2017 Announcement date
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Investors HGGC, Idera Lead investors
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Company http://www.idera.com Funded company

▥ Classifications

industries
No industries detected
applications
Data Management

◇ AskAI Classifications

Labels
Software Development Database Management Software SaaS

▦ Linked Companies

IDERA
$25M to $50M