Investment Summary

Summit Partners Invests In GERS Retail Systems

On January 1, 1998, growth capital firm Summit Partners invested in software company GERS Retail Systems

Investment Highlights
  • This is Summit Partners’ 19th transaction in the Software sector.
  • This is Summit Partners’ 89th transaction in the United States.
  • This is Summit Partners’ 30th transaction in California.
Investment Fate
  • GERS Retail Systems was sold to a consortium of financial buyers in 2003.
  • GERS Retail Systems was sold to a strategic buyer in 2006.

Investment Summary
Date 1998-01-01
Target GERS Retail Systems
Sector Software
Investor(s) Summit Partners
Deal Type Growth Capital

Target

GERS Retail Systems

San Diego, California, United States
website
GERS Retail Systems, Inc. is a supplier of software solutions for consumer-centric retailing.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 90 of 345
Sector (Software) 19 of 63
Type (Growth Capital) 60 of 200
State (California) 30 of 70
Country (United States) 89 of 294
Year (1998) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 American Dental Partners

Wakefield, Massachusetts, United States

American Dental Partners is a dental practice management company that provides business services to medically-oriented, multi-specialty dental groups, with over 270 facilities across more than 20 states. ADPI was formed in 1995 and is based in Wakefield, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-04 Condor Technology Solutions

Falls Church, Virginia, United States

Condor Technology Solutions develops, markets, and supports data management software.

Sell -
Mergr

Product

Company

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