Private equity firm Thoma Cressey Equity Partners announced today that it has acquired Salt Lake City, Utah-based iTera, and will combine the firm with California-based Vision Solutions. Financial terms were not disclosed. Thoma Cressey said that the acquisition will create a new firm focused on high availability solutions for IBM's System i products. iTera develops products for System i that provide high availability and continuous availability for software. Thoma Cressey said the new firm will operate as Vision Solutions, and continue to maintain operations in Salt Lake.
Top NewsThursday, November 2, 2006
Private Equity Firm Buys iTera