IDERA is a provider of infrastructure software tools.
From the very beginning of our strategic partnership, TA has been fully aligned with and supportive of our goals for growing the business. The valuable financial and operational guidance that Hythem El-Nazer, Ashu Agrawal and Mike Libert have provided has been instrumental to our success.
TA has helped IDERA:
- Source and execute four complementary acquisitions
- Recruit a CFO and three new independent directors
- Re-design the brand architecture to better integrate all acquisitions and have a cohesive Go-To-Market strategy
- Increase revenues and EBITDA by more than 300% and 500%, respectively
- Transition to a subscription revenue model with recurring revenue exceeding 80% of total revenues today
- Expand into two growth adjacencies: application development tools and test automation software
- Create new business opportunities via introduction to multiple prospective customers
IDERA is a provider of performance monitoring software for physical, virtual and cloud-based application ecosystems. IDERA's portfolio includes database, infrastructure and application management products aimed at helping database administrators, system administrators, application owners and network engineers improve the health, availability and performance of their systems. IDERA serves more than 20,000 enterprise and SMB customers worldwide.
The Investment Opportunity
TA’s industry-focused investment origination efforts identified IDERA as a high-quality company for our software and technology-enabled portfolio. We also viewed the investment as a strategic opportunity to partner with Randy Jacops, a dedicated and seasoned leader with a proven record of generating value in companies through both organic and inorganic growth initiatives. TA completed an investment in IDERA in September 2014.
Adding Value to Scale Growth
Over the course of TA’s partnership with IDERA, we have worked closely with the company’s management team to identify ways in which the business can properly scale. In particular, TA recognized IDERA’s proven ability to quickly and fully integrate acquisitions and gain additional market share, and has sourced four accretive acquisitions for IDERA. An example is IDERA’s acquisition of Embarcadero Technologies, a provider of application and database development software solutions, which played a pivotal role in enhancing IDERA’s market share and overall reach.
Since partnering with TA, IDERA has doubled its customer base and increased revenues and EBITDA by 300% and 500%, respectively. Today, IDERA continues to expand via new and improved product lines, strategic acquisitions and key additions to its leadership team, with an ongoing goal to help companies monitor, develop and operate their technology in a more effective and efficient manner.
All statistical and financial metrics are as of September 30, 2017.
Case studies have been selected for illustrative purposes for management teams of growth companies considering a partnership with TA and should not be considered an offer or solicitation of services or an actual or implied endorsement of TA or any security, investment or portfolio company. The portfolio companies highlighted are not representative of all current and prior investments of TA. A list of investments for the past 25 years is available on this website.