Investment Summary

STG Invests In Accelerated Technology Laboratories

On March 22, 2023, private equity firm STG invested in software company Accelerated Technology Laboratories

Investment Highlights
  • This is STG’s 24th transaction in the Software sector.
  • This is STG’s 45th transaction in the United States.
  • This is STG’s 2nd transaction in North Carolina.

Investment Summary

Date 2023-03-22
Target Accelerated Technology Laboratories
Sector Software
Investor(s) STG
Deal Type Growth Capital

Target

Accelerated Technology Laboratories

West End, North Carolina, United States
Accelerated Technology Laboratories (ATL) is an ISO Certified software company that specializes in Laboratory Information Management Systems (LIMS). Their comprehensive suite of LIMS solutions helps customers streamline their laboratory workflows, increase efficiency, and improve data accuracy. ATL's products and services are widely used in end markets such as water and wastewater, environmental, and manufacturing, in which compliance with regulations and standards is critical. Accelerated Technology Laboratories was formed in 1994 and is based in West End, North Carolina.

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Investor(S) 1

Investor

STG

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

STG is a private equity firm focused on making investments in software and services companies. STG looks to leverage operational expertise in helping its portfolio companies 'increase customer value' and grow. In addition to its focus within the software/services sectors, STG also has interest in healthcare, pharmaceuticals manufacturing, consumer packaged goods, retail, financial services, and communications. STG was formed in 2002 and is based in Menlo Park, California.


DEAL STATS #
Overall 60 of 63
Sector (Software) 24 of 25
Type (Growth Capital) 4 of 4
State (North Carolina) 2 of 2
Country (United States) 45 of 47
Year (2023) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-13 SurveyMonkey

San Mateo, California, United States

SurveyMonkey specializes in online surveys and forms that empowers people with the insights they need to make decisions with speed and confidence. SurveyMonkey's intuitive feedback management platform connects millions of users worldwide with real-time AI-powered insights that drive meaningful decisions. SurveyMonkey was founded in 1999 and is based in Palo Alto, California.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-07 Wrike

San Jose, California, United States

Wrike provides a cloud-based collaborative work management platform that allows users to work within a single digital workspace. The Company’s platform integrates with numerous enterprise applications and enables teams, departments and whole organizations to plan, manage and collaborate on projects and tasks in real-time, resulting in more efficient processes and executive visibility. Wrike is based in San Jose, California.

Buy -