The buying and selling of software companies from one private equity firm to the next continues as Elemica finds a new capital partner and heads into a next phase of growth. Although not well-known within the software media world, Elemica has an impressive track record among its clientele within the manufacturing ecosystem. Launched in 2000, its customers process over $500 billion in commerce value annually on its network.
The company, who was until recently owned by top tier private equity firm Thoma Bravo, is the leading digital supply network for process manufacturers. Its solutions connect to the world’s largest process manufacturers, thousands of their direct material suppliers, logistics service providers and end customers for the products they buy, sell and move.
Thoma Bravo has been productive in helping to guide the company, "When we invested in Elemica in 2016, the company was the leading digital supply network for the global industrial manufacturing community, and we were excited to partner with their experienced management team, led by John Blyzinskyj, to help expand the company's product offering and further transform their customers' supply chains," commented A.J. Rohde, a Partner at Thoma Bravo. "Three years later, Elemica is poised to extend their leadership position and we are pleased to pass the baton to Eurazeo to continue Elemica's journey."
As the leader of Elemica, Blyzinskyj has been effective and impactful. He has taken pains to make sure he knows his own strength and weaknesses. Recognizing that leaders can’t only be surrounded by yes-men, he has embraced a philosophy of listening twice as much as he talks. It has served him well as the CEO since November of 2012. Blyzinskyj, who was named by The Software Report as a Top 50 SaaS CEO of 2018, says a key component to a successful CEO is knowing when to let the experts take over.
Blyzinskyj discusses the transition to a new owner, "Elemica has really benefited from our close partnership with Thoma Bravo," he continues, "The progress we have made over the last three years has been significant. Our clients, both new and long-standing, have especially benefited from the investments we have made in our technology, which in turn has supported the digital transformation of industrial supply chains. While our transformative partnership with Thoma Bravo is at its end, we are excited to start our new partnership with Eurazeo."
Eurazeo is a private equity firm that was founded in 1969 and is based in Paris, France. It offers investment services to companies in Europe, Asia, and America. It has expertise in private equity, real estate, and private debt, and is supported by the commitment of its 235 professionals.