South African enterprise resource planning (ERP) software stalwart, Syspro, has been acquired by global private equity firm Advent International. While financial terms of the deal remain undisclosed, the acquisition marks a significant milestone for the company, founded in 1978 by Phil Duff, who will retire as chairman at the end of September.
Syspro has carved a niche for itself as one of the longest-standing independent global ERP software vendors, with operations spanning over 60 countries. The company’s deep roots in manufacturing and distribution sectors have been instrumental in its growth trajectory.
Advent International’s investment in Syspro signals a strategic move to capitalise on the growing demand for robust ERP solutions, particularly in the mid-market segment. The private equity firm brings a wealth of experience in scaling software businesses, and its backing is expected to fuel Syspro’s expansion plans.
The acquisition is poised to accelerate Syspro’s global growth ambitions through increased investment in product innovation and technology development. The company aims to strengthen its foothold in key markets such as the United States and the United Kingdom.
While the departure of founder Phil Duff marks the end of an era for Syspro, the company is embarking on a new chapter under the stewardship of Advent International. The transaction is expected to unlock new opportunities for the ERP provider and position it for sustained growth in the competitive software landscape.
The acquisition of Syspro by Advent International underscores the ongoing consolidation in the ERP market. As businesses increasingly seek comprehensive and scalable solutions to manage their operations, established players like Syspro are becoming attractive targets for private equity investors.
The deal also highlights the enduring appeal of South African tech companies to global investors. As the country’s technology ecosystem matures, more and more local businesses are attracting the attention of international capital.
