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This article was published on August 13, 2012

    Enterprise software firm UC4 acquired by private equity group EQT for $270m

    Enterprise software firm UC4 acquired by private equity group EQT for $270m
    Robin Wauters
    Story by

    Robin Wauters

    Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

    Private equity firm EQT has acquired Austrian IT process automation software company UC4 Software from The Carlyle Group for 220 million euros ($270 million).

    EQT is one of the leading private equity groups in Northern Europe with nearly 18 billion euros in raised capital. The firm recently acquired luxury smartphone brand Vertu from Nokia, although the Finnish phone maker retained a 10 percent stake.

    Billed as the world’s largest independent IT process automation software company, UC4 helps enterprises move their systems to the cloud and Big Data platforms.

    The company claims it automates ‘tens of millions of operations’ a day for over 2,000 customers worldwide.