Company:Aptean
| Type | Private |
|---|---|
| Industry | Computer software |
| Founded | 2012 |
| Headquarters | Alpharetta, Georgia , United States |
Key people | TVN Reddy (Chief Executive Officer) Alan Sommerville (Chief Operating Officer) Jenny Peng (Chief Technology Officer) Kevin McAdams (Chief Financial Officer) |
| Website | www |
Enterprise application software providers CDC Software Corporation and Consona Corporation, with a total of 1,500 employees and 5,000 customers, merged in August 2012 to form Aptean Corporation.[1]
Aptean sells industry-specific software for the financial, manufacturing and supply chain industries integrating enterprise resource planning (ERP), supply chain management (SCM), and complaint management.
History
Consona Corporation completed its initial public offering (IPO) in 1997.[2]
In 2003, the venture capital firm Battery Ventures acquired Made2Manage Systems for $30 million in cash.[3]
Originally named China.com when founded in 1997, CDC corporation was based in Hong Kong.[4] On August 6, 2009 CDC Software Corporation completed its IPO on the NASDAQ exchange under the symbol CDCS.[5] In November 2009, Consona Corporation acquired Canadian-based Activplant Corporation (formerly Executive Manufacturing Technologies, Inc.), a provider of manufacturing business intelligence software for manufacturing operations management.[6]
In July 2010, Consona acquired open source ERP software provider Compiere with 130 customers.[7]
The CDC-Consona merger was billed as a merger, although most of the management team of the surviving company was connected with CDC.[8]
Aptean named TVN Reddy as CEO in July 2018.[9]
Vista Equity Partners and TA Associates announced a joint investment in the company in February 2019.[10] One of Aptean's owners, Vista Equity Partners, tends to take a hands-on approach to management and implements standardized business processes and standard systems and tools.[11]
On March 20, 2020, Aptean announced the acquisition of UK-based Paragon Software Systems, a provider of transportation management software serving the food and beverage, distribution and retail industries.[12]
Products
Aptean provides ERP, Supply Chain and compliance software. Industries served include food and beverage, discrete and process manufacturing, financial services, consumer goods, wholesale distribution and third-party logistics.
References
- ↑ Jacques Couret, “CDC Software combines with Consona,” Atlanta Business Chronicle, August 7, 2012.
- ↑ Steve Gelsi, “Made2Manage going private after IPO,” Marketwatch, June 5, 2003.
- ↑ Jim Shepherd, “Made2Manage Goes Private With Battery Ventures,” Gartner.com, June 9, 2003.
- ↑ Ben Jiang (October 9, 2011). "CDC Corp. Filed for Bankruptcy Protection, Rise and Fall of the First China Concepts Stock". Tech Node. http://technode.com/2011/10/09/cdc-corp-filed-for-bankruptcy-protection-rise-and-fall-of-the-first-china-concepts-stock/. Retrieved March 16, 2017.
- ↑ “CDC Software Prices IPO at USD12 Per ADS,” ChinaTechNews.com, August 6, 2009.
- ↑ Jim Shepherd, “[1],” mcleanwatson.com, November 6, 2009.
- ↑ Chris Kanaracus, “Consona buys cloud ERP vendor Compiere,” ComputerWorld, June 16, 2010.
- ↑ Predrag Jakovljevic, “CDC Software + Consona = Aptean (Or: New Bottles for Old Wines),” Technology Evaluation Centers, August 13, 2012.
- ↑ "TVN Reddy Named Aptean CEO" (in en). https://www.aptean.com/our-company/news-and-press/tvn-reddy-named-aptean-ceo.
- ↑ "Aptean Partners with TA Associates and Vista Equity Partners to Accelerate Growth" (in en). https://www.aptean.com/our-company/news-and-press/aptean-partners-with-ta-associates-and-vista-equity-partners.
- ↑ Cindy Jutras, “CDC Ross + Consona = Aptean,” Mint Jutras, October 26, 2012.
- ↑ "Aptean Announces the Acquisition of Paragon Software Systems" (in en). https://www.aptean.com/en-US/insights/press-release/aptean-announces-the-acquisition-of-paragon-software-systems.
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