Deal Details
SEP Invests In Tasktop
Summary
Sumeru Equity Partners (SEP) announced a growth investment in Tasktop. Management and existing investors also participated in the $100 million investment.
Baird served as financial advisor to Sumeru Equity Partners on this transaction.
About
Tasktop's solutions enable some of the largest and most successful digital transformations in recent years for customers including BMW, CGI, E*Trade and T-Mobile. Already deployed across half of the Fortune 100, Tasktop dramatically reduces time to market and increases velocity of software development. The Tasktop platform is designed to help businesses bridge the gap between software delivery and business outcomes by providing universal metrics and unified dashboards to visualize and measure these value streams. Tasktop also monitors integrations to reduce costly and slow manual data handoffs to better measure the flow of software delivery.Sumeru Equity Partners is a technology-focused growth capital firm that invests in growing enterprise technology companies across software, technology-enabled services and hardware. SEP typically invests $25-200 million per transaction. SEP has a longstanding history of investing and partnering with founders and management teams to build growth leaders. Sumeru Equity Partners is headquartered in San Mateo, California
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- Date
- April 2021
- Company
- Sumeru Equity Partners
- Transaction
- M&A - Sellside
- Sectors
- Technology & Services
- Verticals
-
Software
IT Services, Security & Infrastructure
- Target Geography
- North America
- Acquiror Geography
- North America
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