Vector Capital, a private equity firm, will buy Aspect Software, for an undisclosed amount.
Vector Capital will invest more than $100 million of equity capital in Aspect’s business. Aspect’s existing lenders will support the company by providing Aspect with a new credit facility at closing.
“Vector Capital brings substantial operational and financial resources as well as a proven track record of helping enterprise software companies invest in new products, accelerate innovation, and build market leading businesses,” said Chris Koziol, president and chief executive officer of Aspect.
