The Next Chapter in Planview's Story
Planview is embarking on an exciting new chapter. Today, Planview announced that TPG Capital and TA Associates, two leading global equity firms, have agreed to acquire Planview for $1.6 billion. You can read the press release with more details here. We expect the deal to close in the fourth quarter of calendar year 2020.
What Does This Mean for Our Customers?
For more than thirty years, we have been partnering with our customers to deliver innovation and drive the market forward – and we look forward to continuing to do so far into the future. All existing agreements between Planview and our customers are not impacted by the deal. Our product strategy, roadmap and customer support will not change as a result of this transaction. In fact, with the global backing, expertise, and resources of TPG Capital and TA Associates, we will be able to accelerate our vision as a global leader in Agile and PPM for all of our customers. We could not be more excited!
We look forward to sharing more information with you in the coming weeks. If you have any questions, please reach out to your customer representative.
Thank you for your continued partnership and trust in Planview. We look forward to continuing to partner with you on your journey.