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ARI Network enters into definitive agreement to be acquired by True Wind Capital

© ARI Network Services

ARI Network Services, a provider of SaaS, software tools and marketing services that help dealers and distributors has entered into a definitive agreement to be acquired by an affiliate of True Wind Capital Management, LLC, a San Francisco-based private equity firm focused on investing in leading technology companies.

The all-cash transaction represents an enterprise value of approximately $140 million and has been unanimously approved byARI’s Board of Directors.

“We are very excited to partner with the True Wind team. This transaction is the result of an extensive process, and we believe it represents a great outcome for our shareholders,” said Roy W. Olivier, ARI president and CEO. “The investment by True Wind positions ARI to accelerate our pace of innovation and better positions ARI to capitalize on future growth opportunities.”

“ARI is a market leader with an experienced management team. The Company’s mission-critical software, data and digital marketing solutions provide customers best-in-class technology to run their businesses,” said Adam Clammer, Founding Partner at True Wind Capital. “True Wind is excited to partner with ARI and its management team to continue to deliver innovative solutions and achieve growth potential.”

The transaction is expected to close in the third calendar quarter of 2017.

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