Scottish Equity Partners (SEP) has completed a $25m growth equity investment in Basis Technologies, a software developer for cloud computing.
Its developer operations (DevOps) technology helps support the transition from legacy premises-based SAP software to modern cloud-based SAP systems.
The company currently provides the only automated DevOps and testing platform engineered for SAP, with global enterprise customers including BP, Procter & Gamble and Booking.com.
Basis Technologies employs more than 70 people, with headquarters in Richmond and additional offices in the US, Australia, Germany and Hungary.
The investment will support the company to further enhance its proposition to address a $1.5bn per annum global enterprise DevOps for SAP market.
Chief executive Martin Metcalf said: “We are delighted to have SEP on board as our investment partner to help fuel the continued growth of Basis Technologies.
“We look forward to working together to expand our product, sales and delivery capabilities and to bring our pioneering DevOps automation solutions to more SAP users across the globe.”
SEP partner Keith Davidson said: “Basis Technologies is ideally positioned to benefit from the increasing need to adopt DevOps within SAP environments as businesses transition to the cloud and SAP’s new offerings.
“The company has an excellent reputation, puts its customers first and has significant experience delivering innovative automation software to organisations using SAP.
“We are pleased to be partnering with the team at Basis to help them achieve their strategic growth goals.”
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