Compusoft adds investment from TA Associates.
Compusoft, a Sarpsborg, Norway-based company providing CAD software solutions for the kitchen and bathroom retail industries, announced getting into an investment agreement with American private equity company TA Associates.
The investment is expected to close in the third quarter of 2018. Financial terms of the transaction were not disclosed. In conjunction with the deal, Naveen Wadhera, a Managing Director at TA Associates, and J. Morgan Seigler, a Managing Director at TA Associates, will join the Compusoft Board of Directors.
Compusoft, founded in 1989 and led by CEO David Tombre, provides sales, management, communication, web and business solutions for the kitchen and bath industry. The company’s advanced CAD software solutions, Winner Design and Innoplus, offer dynamic sales tools for retailers, helping them lead customers through the entire planning process, from sketch to fully installed kitchen or bath.
Compusoft operates in 14 countries across Europe, as well as South Africa and Australia, and serves approximately 12,00o customers, including leading global manufacturers and retailers.