SEP Invests In Tasktop

Technology & Services

SEP investment 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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Technology & Services

SEP investment in Tasktop

Date
April 2021
Company
Sumeru Equity Partners
Transaction
M&A - Sellside
Sectors
Technology & Services
Verticals
Application Software
IT Services, Security & Networking
Target Location
North America
Acquiror Location
North America

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