For Immediate Release - Mon, 2016-05-02
Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that it has partnered with management to recapitalize Global Software, Inc. (GSI) of Raleigh, North Carolina. GSI (www.globalsoftwareinc.com) is the leading provider of Microsoft Excel-based automation and reporting software solutions to enhance enterprise resource planning (ERP) and business intelligence platforms. Terms of the transaction were not disclosed.
The Company’s software solutions integrate with more than 60 leading ERP platforms and automate data analytic processes for business and financial professionals. GSI’s flagship product, Spreadsheet Server, enables users to access operational and financial data across multiple platforms from within an Excel spreadsheet in order to produce dynamic reports with powerful drill-down capabilities. The Company serves more than 2,500 customers and 50,000 users across more than 50 countries in enterprises ranging from small businesses to Fortune 500 firms.
"For more than four decades, Global Software, Inc. has provided industry-leading services and application offerings to our valued user community," said Spencer Kupferman, President and CEO of Global Software, Inc. "Thompson Street’s strong track record combined with our worldwide foundation of loyal Spreadsheet Server users and evangelists uniquely positions us for a variety of growth initiatives over the coming months and years. We are ecstatic to take our brand to the next level with the support and commitment of our new partner."
"GSI is an exciting, forward-thinking company that is highly respected all over the world for its unparalleled software solutions. We’re delighted at the chance to partner with the talented and innovative management of this business. We look forward to working together to accelerate the company’s already impressive growth and to support Global Software, Inc.’s ongoing success," said Jim Cooper, Managing Partner, TSCP.
Global Software, Inc. is the leading provider of Microsoft Excel-based automation & reporting software solutions to enhance the world’s foremost Business Intelligence (BI), Enterprise Resource Planning (ERP) and operational platforms. The Company’s flagship offering, Spreadsheet Server streamlines data analytic processes and bridge the operational gap between Company data and reporting, resulting in timely and cost saving secure financial and operational reporting, budgeting, and automated report delivery. With best-in-class solutions, their Dynamic Spreadsheet Methodology (DSM), a highly scalable and efficient operating platform, and a strong track-record of success, Global Software, Inc. has grown to be the most dominant provider in Excel automation and data analysis. Spreadsheet Server is at the center of converging trends – supremacy of Microsoft Excel, demand for reporting, growth in the business automation software industry, and increased investment in IT. Founded in 1973, with worldwide headquarters in the Research Triangle region of North Carolina, USA, Global’s products are used in 50+ countries, by over 2,500 supported customers, 50,000 users worldwide who are serviced by Global’s 24/7/365 support infrastructure.