Genstar to buy majority stake in SaaS solutions provider Vector Solutions

Genstar Capital has agreed to acquire a majority stake in Vector Solutions, a provider of industry-focused SaaS solutions, from Golden Gate Capital, for an undisclosed price.

Golden Gate Capital will continue to be a significant shareholder in the company.

Vector Solutions provides software solutions for training, management of workforce, risk management, and operational readiness.

Established in 1999, the company is based in Tampa, Florida.

The company’s SaaS solutions connect information and technology for delivering insights and knowledge when and where they are required.

Genstar Capital to acquire majority stake in SaaS solutions provider Vector Solutions. Photo courtesy of Tumisu from Pixabay.

Geoff Miller – Director at Genstar Capital said: “Companies are increasingly demanding sophisticated technology solutions to help their employees rise to the challenges of complex and regulated work environments, and Vector is the clear leader in meeting that need.”

Vector Solutions caters to nearly 22 million users and over 21,000 clients across the world.

Marc Scheipe – CEO of Vector Solutions said: “Genstar’s interest in Vector Solutions is a testament to our consistent growth, talented team and the exceptional value of our leading solutions.

“We are excited to have the support of Genstar and Golden Gate Capital as we continue to serve everyday heroes by delivering intelligent software solutions that empower safer, smarter and better decisions.”