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The Carlyle Group exit from Apama through trade sale to Progress Software

7th April 2005 - Global private equity firm The Carlyle Group today announces that it has successfully exited its investment in Apama through a trade sale to Progress Software Corporation (Nadaq: PRGS) for $28.2 million.

Apama is a provider of real-time analytics software to the financial industry. It enables organisations to continuously evaluate and immediately respond to business events, particularly in proprietary trading environments. The company has offices in Cambridge and London. Apama’s customers include top tier banks and hedge funds including ABN Amro, JPMorgan and Deutsche Bank.

The Carlyle Group first invested in Apama in February 2002. The sale of Apama continues the return of capital to investors in Carlyle Europe Venture Partners (CEVP), which was launched in 2000.

“Automated trading has become an important and rapidly growing part of many advanced trading environments in banks and money managers. We are very proud of Apama’s evolution into a leading analytics provider in this segment and we believe Apama’s technology makes for a winning complement to Progress’ portfolio in the financial sector,” said Michael Wand, The Carlyle Group, who led the investment with Nazo Moosa.

Progress Software was founded in 1981 and has four lines of business including embedded database software and application development products, middleware and integration products, vendor-independent database access products, and real-time data services products, including advanced data caching and event data management.

“Apama has proven technology in a key sector. We believe that analysis of event streams in real time is critical for financial institutions trying to take advantage of fast-changing market opportunities, and will become important to other businesses as they realize the benefits of this new ability to respond immediately to complex event patterns as they occur. Apama’s technology is a strategic addition to our product line, and their sales performance places us in a strong position going forward,” said Joseph Alsop, CEO, Progress Software.

Wolfgang Hanrieder, Managing Director, The Carlyle Group said, “We are delighted to be able to maintain our momentum in returning money to our investors. Our investment portfolio is maturing well and in line with our expectations.”

Progress Software was advised by Foley Hoag LLP. Carlyle was advised by McDermott Will & Emery

About The Carlyle Group
The Carlyle Group is a global private equity firm with more than $25 billion under management. Carlyle invests in buyouts, venture, real estate, and high yield in the US, Europe, and Asia, focusing on aerospace, automotive, consumer & industrial, energy & power, healthcare, technology & business services, telecommunications & media, and transportation. Since 1987, the firm has invested $13 billion of equity in 377 transactions. The Carlyle Group employs more than 500 people in 14 countries.

The European technology team focuses on investing in high-tech companies with major operations in Europe. The fund’s focus is on mid-size companies for expansion capital or small buy-out situations that offer predictable cash flows. It invests in the following sectors: media, material sciences, communications technology and services, enterprise and infrastructure software, financial services, aerospace and automotive.

Publisher Contact Information:

The Carlyle Group
+44 207 894 1560

Company profile of The Carlyle Group
Past press releases of The Carlyle Group.


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