0 ITEMSKiel Porter, Bloomberg
Bain Capital and Vista Equity Partners are forming a new government-services software conglomerate via a three-way merger among companies they own.
Superion, which Vista acquired for $850 million last year, is combining with TriTech Software Systems, a company Bain agreed to buy for an undisclosed amount in May, according a joint announcement Tuesday
The two are also merging with Vista-backed Aptean’s public sector and health-care business, according to a statement. Financial terms weren’t disclosed.
Superion Chief Executive Officer Simon Angove will run the combined company, which Bain and Vista will own together. Its new name hasn’t been disclosed yet.
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