Global provides software for business process management to several industries, including government, financial services and retail. Adidas, Wells Fargo & Co. and Los Angeles County are among its customers.
TA Associates acquired a majority stake in the company from Dallas businessman Sonny Oates, said Vivian Wu, a vice president at TA.
Technology Crossover Ventures, JMI Equity and management co-invested in the deal, which closed March 31.
Wu worked on the transaction, along with Kurt Jaggers, out of TA's Menlo Park, Calif., office.
She would not specify the size of the stakes or discuss the capital structure of the buyout.
The target's revenue is increasing by 20% to 25% a year, she said, while the $700 million business process management market is expected to expand 14% annually over five years. "
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