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TA Associates invests in MISA

Released at: 13:47, 09/09/2019

TA Associates invests in MISA

Photo: TA Associates

Global private equity firm secures minority interest in Vietnamese software provider.

by Linh San

TA Associates, a leading global private equity firm, has announced it completed a minority investment in the MISA JSC (MISA), a leading software provider in Vietnam. Terms were not disclosed.

“MISA is among the software industry leaders for both the public and private sectors in Vietnam, with a high-quality business model and an impressive history of generating meaningful growth,” said Mr. Edward Sippel, a Managing Director at TA Associates and Co-head of Asia operations at TA Associates Asia Pacific Ltd, who will join MISA’s Board of Directors. “With its innovative product offerings, talented management team, and commitment to customer service, we believe that MISA is well positioned to capitalize on both organic and inorganic growth opportunities. We are excited about this partnership and are looking forward to working collaboratively with the MISA team.”

Founded in 1994, MISA provides accounting, financial, enterprise resource planning (ERP), and business management software to enterprises, government, and individuals in Vietnam. The company serves more than 70,000 government sector clients and 100,000 small and medium-sized enterprise (SME) clients around the country. It has more than 1,500 employees in offices in Hanoi, Ho Chi Minh City, Da Nang, Buon Ma Thuot, and Can Tho.

“Since establishing MISA more than 25 years ago, we have strived to design and deliver software solutions that are effective and user-friendly for our dedicated customer base,” said Mr. Long Lu Thanh, Founder and Chairman of MISA. “As we seek to aggressively scale our business model and augment growth through a variety of new services, it is critical to have a genuine partner by our side who is fully aligned with and supportive of our go-forward strategy, understands the software industry well, and provides impactful value-add. We have found that partner in TA Associates, and we look forward to leveraging their deep global experience within the software sector and technology space to help take our company to the next level.”

“Given Vietnam’s rapid development as an attractive emerging market, the country’s software industry is enjoying significant growth, particularly as companies are beginning to acknowledge and comprehend the benefits of capital expenditure savings that cloud software provides,” said Mr. Jonathan Meeks, a Managing Director at TA Associates. “Because of this, we believe that MISA is well-positioned to maintain its growth trajectory by continuing to secure new clients and contracts within government agencies and prominent enterprises while simultaneously transitioning to even more advanced cloud-based Software-as-a-Service (SaaS) products. We sincerely thank the MISA team for this partnership opportunity.”

TA Associates is one of the most experienced global growth private equity firms. Focused on targeted sectors within five industries - technology, healthcare, financial services, consumer, and business services - it invests in profitable, growing companies with opportunities for sustained growth and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies.

It has raised $32.5 billion in capital since its founding in 1968 and is committing to new investments at a rate of over $2 billion a year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai, and Hong Kong.

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