Montagu Private Equity has agreed to acquire a majority position in ITRS Group, a global provider of real-time monitoring and analytics software, from TA Associates, which will remain a minority holder alongside Montagu and Management. Financial terms were not disclosed but completion is expected next month, subject to regulatory approvals.London-headquartered ITRS Group has over 3,000 clients worldwide, including nine out of the ten Tier 1 investment banks. In September 2020 it acquired Uptrends, a Netherlands-based web performance monitoring solution, to strengthen its product suite.
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TA Associates Sells ITRS Stake to Montagu Private Equity
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