The start of a new year always brings the excitement of change and anticipation of new beginnings. And in just this 2nd day of 2019, this holds very true for Aspect.
In case you missed the announcement, I have some exciting news to share about the company. Aspect has entered into a definitive merger agreement to be acquired by Vector Capital who will invest more than $100 million of equity capital into Aspect’s business. The agreement is expected to close in the first quarter of 2019 so not all of the terms have been finalized
Vector Capital is a leading private equity firm specializing in transformational investments in established technology businesses like Aspect. The firm has followed the customer engagement space for many years and sees great potential for Aspect to deliver highly-valued solutions in an attractive, growing market.
This is very positive news on many fronts, primarily though, it means that Aspect has a considerable infusion of capital to accelerate our strategic transformation, enable us to execute on our growth plans at a faster pace, and boost/refine our go-forward strategy.
The merger with Vector Capital will be extremely beneficial as we look to our next stage of growth by helping Aspect accelerate our solution development through both organic initiatives and strategic acquisitions. Vector Capital brings substantial operational and financial resources as well as a proven track record of helping enterprise software companies invest in new products, accelerate innovation, and build market leading businesses.
This a significant validation of the technology and personnel of Aspect and we are very excited about the possibilities this will mean for the company and our customers.
I wish you all a happy new year and I look forward to great things in 2019.
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