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Print Edition StoriesTuesday, October 6, 2009
TA Associates pours $60M into communications software firm
By Mass High Tech staff
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Private equity firm TA Associates has invested $60 million in TEOCO Corp., a business productivity software company.
TEOCO (The Employee Owned Company) makes communications industry software for cost auditing, invoice automation, payables processing and claims management. The Fairfax, Va.-based company also makes call-routing and real-time traffic-management software for networks. TEOCO’s revenue-management software is intended to help firms identify “revenue leakage” and detect fraudulent behavior.
TA Associates senior vice president Hythem El-Nazer will join TEOCO’s board of directors.
Last week, TA bought a minority stake, valued at more than $200 million, in Amsterdam computer security software firm AVG Technologies.
TA Associates, founded in 1968, is a private equity and buyout firm that operates offices in Boston, London and Menlo Park, Calif. The company focuses on growth and buyouts in the technology, health care, business, consumer and financial services sectors. It has accumulated almost 400 portfolio companies in its history and has invested in more than 60 software-specific companies, including BMC Software Inc. (NYSE: BMC), Cadence Design Systems Inc. (Nasdaq: CDN) and McAfee Inc. (NYSE: MFE).
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