Advantive’s industry-specific software solutions streamline complex manufacturing and distribution processes, optimize business visibility and throughput, and improve quality, profitability and revenue growth
BOSTON & TAMPA, Florida, June 28, 2022–(BUSINESS WIRE)–TA, a leading global private equity firm with more than four decades of experience investing in enterprise software, has partnered with ST6, an elite team of software management executives, to form a global software provider with the name Advantive. The new company provides Enterprise Resource Planning (ERP), Manufacturing Execution Systems (MES) and Statistical Process Control (SPC) software solutions for specialty manufacturers and wholesale distributors.
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Advantive, which comes together through the combination of Advantzware, DDI System, Distribution One, InfinityQS, Kiwiplan and VIA, today serves more than 2,500 customers in a number of industries, including corrugated board and packaging manufacturing, equipment and accessories wholesale distributors, and automotive and other specialty manufacturers. Advantive is headquartered in Tampa, Florida.
Benoit de la Tour, an experienced executive in the ERP and Supply Chain software space, has been named CEO of Advantive. “I am delighted to join Advantive as CEO, working hand in hand with TA and ST6 to deliver greater customer value,” said Benoit. “Advantive was founded with a simple goal: to drive sustainable growth for specialist manufacturing and distribution companies. We are in a unique position, alongside our customers, to make a real impact. With the packaging, e-commerce and Advantive delivery solutions, which turn raw materials into valuable products, are transforming the life cycle of production and distribution.”
“We are excited to partner with Benoit and ST6 as we build on the strength of Advantive’s constituent companies to create an overall market leader in ERP, MES and SPC software,” said Hythem El-Nazer, Managing Director at TA. “Advantive’s software solutions modernize and optimize every aspect of the manufacturing and distribution lifecycle, from enhanced factory production, supply chain optimization and e-commerce, to quality management and compliance. Advantive is changing the way business is done, and we’re excited to join the company. support it as it grows.”
Mark Friedman, an experienced executive and software management investor, is the executive chairman of Advantive. Friedman, currently Managing Director at ST6, was previously the founder and CEO of Accruent, a leading software company disrupting the multi-billion dollar facility management and lease administration software market. “Now more than ever, our customers need the ability to quickly adapt to global supply chain challenges and gain a competitive advantage,” said Friedman. “By combining the strengths of Advantive’s component businesses and delivering deep, purpose-built software, we believe we are in a position to drive transformational results for our customers.”
Advantive is an industry leader in mission-critical software for specialty manufacturing and distribution companies, providing purpose-built ERP, MES and SPC software solutions that meet the unique needs of our customers. With more than 2,500 customers and operations in 8 countries, Advantive’s software solutions streamline complex processes, optimize business visibility and throughput, and improve quality, profitability and revenue growth. Deeply embedded in key end-to-end workflows, Advantive’s software leverages automation, seamless integration and real-time data to streamline plant planning, order management, quality control, sales order forecasting and pricing, e-commerce and delivery – enabling the complex becomes simple.
TA is a leading global private equity firm. Targeting specific sectors within five sectors – technology, healthcare, financial services, consumer and business services – the company invests in profitable, growing companies with opportunities for sustainable growth and has invested in more than 550 companies worldwide. TA invests as a majority or minority investor and takes a long-term approach, using its strategic resources to help management teams build lasting value in high-quality growth companies. TA has raised $47.5 billion in capital since its inception in 1968. The company’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA can be found at: www.ta.com†
ST6 is an elite team of software executives who work with private equity sponsors to transform software companies and accelerate value creation.
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