Apax Partners Funds, one of the world's leading private equity firms, and leading international technology investors Advent Venture Partners, CDP Capital Technology Ventures and Partech International, announced a definitive agreement to acquire Cartesis, formerly associated with the PricewaterhouseCoopers network. The transaction is subject to regulatory clearance by the French authorities.
Cartesis is a leading provider of business performance management (BPM) software to global corporations worldwide. Today's transaction provides Cartesis with the financial and strategic resources to continue its strong growth. Cartesis will no longer be subject to the constraints of the Sarbanes- Oxley Act and other compliance requirements, and will now be well positioned to expand its user base.
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