TORONTO & BOSTON--(BUSINESS WIRE)--Rocscience Inc. (“Rocscience” or “the Company”), a pioneering provider of geotechnical software solutions, today announced that TA Associates (“TA”), a leading global private equity firm, completed a strategic growth investment in the Company.
Founded in 1996, Rocscience specializes in 2D and 3D modeling, simulation and analysis of rock and soil behavior. The Company’s team of industry experts are dedicated to developing the most advanced geotechnical software for professionals across the civil, structural and mining industries. Combining cutting-edge research with continuous software development, Rocscience offers an integrated portfolio of reliable, easy-to-use products that help engineers solve the most complex geotechnical challenges.
“At the core of Rocscience has been our passion for innovation and commitment to user success,” said Dr. John Curran, Founder and Executive Chair at Rocscience. “This passion has fueled our growth and helped us to continuously deliver products and services tailored to meet customer needs. In TA, we are pleased to find a partner who shares our drive and vision for the Company.”
“We are confident that TA is the right catalyst to accelerate our growth journey,” said Dr. Thamer Yacoub, CEO and President of Rocscience. “TA offers the experience, broad network and value-add capabilities needed as we aim to explore new geotechnical software offerings and expand our global footprint. We are excited to partner with the TA team as we embrace the opportunities ahead.”
Today, more than 10,000 customers across 120 countries rely on Rocscience’s technology. TA’s investment will enable the Company to capitalize on several organic and inorganic growth initiatives, including investing in its operations and go-to-market strategy, expanding its product suite through strategic M&A, and advancing the Company’s product offerings into adjacent market categories.
“We have followed Rocscience for years and have been consistently impressed by the Company’s world-class technology,” said Nicholas D. Leppla, Director at TA. “Building on the Company’s strong market position, we believe there is significant opportunity for further growth. We are excited to partner with the entire Rocscience team on the journey ahead and are honored they chose TA as the Company’s first institutional investor.”
As part of the transaction, Nicholas Leppla, Ashutosh Agrawal, a Managing Director at TA, and John Triebsch, a Senior Vice President at TA, will join the Rocscience Board of Directors. Dr. John Curran will remain on the Board of Directors.
Financial terms of the transaction were not disclosed. Kirkland & Ellis served as legal counsel and Canaccord Genuity served as financial advisor to TA.
About Rocscience
Founded in 1996, Rocscience is a leading developer of 2D and 3D software for civil, mining, and geotechnical engineers. For over 20 years, we have built on leading-edge research to create the best geotechnical software available. As engineers ourselves, we know the importance of having reliable and easy-to-use software. That’s why we constantly develop and refine our programs to make expert solutions that work for thousands of geotechnical engineers around the globe. For more information, visit www.rocscience.com.
About TA
TA Associates (“TA”) is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has more than 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. For more information, visit www.ta.com.
