Insight Acquiring Stake in $3.6 Billion Software Firm Aptean (1)

Investment firm Insight Partners has agreed to purchase a stake in enterprise software developer Aptean, the companies announced.

The purchase comes alongside an additional investment from existing shareholder TA Associates, according to a statement Monday, confirming an earlier Bloomberg News report. Following an initial 2012 investment under the CDC Software brand, Vista Equity Partners will exit its stake in Aptean as part of the current deal. Charlesbank Capital Partners will remain a shareholder in Aptean.

The sale of the minority stake values the software maker at about $3.55 billion, including debt, according to people with knowledge of ...