Audax Private Equity Announces Investment in Jitterbit Inc.

NOV 2020

Audax Private Equity (“Audax”) today announced that it has made an investment in Jitterbit, Inc. (“Jitterbit” or “the Company”) to support the continued growth initiatives of the company as a leading enterprise integration platform as a service (“iPaaS”) provider. KKR, Samsung Ventures, and other previous investors will continue to hold stakes in the Company as it enters its next phase of growth.

George Gallegos, CEO of Jitterbit, said, “We are looking forward to partnering with Audax as we embark on an exciting new chapter of our story. This investment will help Jitterbit continue to deliver innovative integration solutions, build out our partner ecosystem, and explore strategic acquisitions to further accelerate our growth.”

Jitterbit has been recognized as a leader for iPaaS by multiple industry reports including the Gartner Magic Quadrant for Enterprise iPaaS for a fifth consecutive year in 2020. The Jitterbit Harmony API Integration platform securely connects to any cloud or on-premises application to automate and streamline rapidly evolving business processes. Thousands of customers from various industries around the world achieve a rapid return on investment through Jitterbit’s best-in-class technology, delivery and hands-on support. With a combination of low-code/no-code and out-of-the-box solutions, Jitterbit helps customers navigate through integration initiatives so they can manage their growing volume of applications, data, projects and complexity and make the right business decisions.

Terms of the transaction were not disclosed. William Blair acted as exclusive financial advisor and Wilson Sonsini Goodrich & Rosati LLP served as counsel to Jitterbit. Kirkland & Ellis LLP served as counsel to Audax.