Wednesday, January 07, 2009

Emptoris Sells Majority Stake to Marlin Equity Partners - Burlington, MA

Emptoris, a Burlington-based developer of supply and contract management software, said that it has landed a "significant" equity investment from the private equity firm Marlin Equity Partners. Specific financial terms were not disclosed. Marlin said that it now owns a majority stake in the company, and plans to retain its current management team, led by CEO Avner Schneur. “[The deal] provides Emptoris with a strong financial partner and the capital resources needed to fund the company's long-term growth plans," said Schneur. Emptoris' clients include Boeing, ConocoPhillips, GlaxoSmithKline, Kraft and Motorola.


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