TA Associates invests in Vietnamese software provider MISA
Global growth private equity firm TA Associates has closed a minority investment in Vietnamese software provider MISA Joint Stock Company, as per the latest IT industry news.
Financial terms of the transaction were not revealed.
Established in 1994, MISA caters to government, enterprises, and individuals in Vietnam with its accounting, financial, enterprise resource planning (ERP) and business management software
Edward Sippel – TA Associates Managing Director and TA Associates Asia Pacific Co-head of Asia operations said: “MISA is among the software industry leaders for both the public and private sectors in Vietnam, with a high quality business model and an impressive history of generating meaningful growth.
“With its innovative product offerings, talented management team and commitment to customer service, we believe that MISA is well positioned to capitalize on both organic and inorganic growth opportunities. We are excited about this partnership, and are looking forward to working collaboratively with the MISA team.”
The Vietnamese software provider has more than 70,000 government sector clients and 100,000 small and medium-sized enterprise (SME) in the country. It employs more than 1,500 employees across its offices in Hanoi, Da Nang, Can Tho, Buon Ma Thuot, and Ho Chi Minh City.
Long Lu Thanh – Founder and Chairman of MISA said: “Since establishing MISA more than 25 years ago, we have strived to design and deliver software solutions that are effective and user-friendly for our dedicated customer base.
“As we seek to aggressively scale our business model and augment growth through a variety of new services, it is critical to have a genuine partner by our side who is fully aligned with and supportive of our go-forward strategy, understands the software industry well and provides impactful value-add. We have found that partner in TA Associates, and we look forward to leveraging their deep global experience within the software sector and technology space to help take our company to the next level.”
Some of the software products of MISA include the accounting software – MISA SME.NET for small and medium-sized enterprises, AMIS.VN – an integrated management information system to manage all business management activities, AMIS.VN – a web-based software designed and developed in the cloud computing form, and others.