TMT Investments PLC Portfolio company update (1044J)
01 December 2018 - 1:52AM
UK Regulatory
TIDMTMT
RNS Number : 1044J
TMT Investments PLC
30 November 2018
30 November 2018
TMT INVESTMENTS PLC
("TMT" or the "Company")
Portfolio company update
TMT Investments PLC (AIM: TMT.L), the venture capital company
investing in high-growth technology companies across a number of
core specialist sectors, is pleased to announce that on 29 November
2018, its portfolio company Wrike (www.wrike.com), the
collaborative work management platform for high-performance teams,
announced that it had signed a definitive agreement to receive a
majority investment from Vista Equity Partners, a leading
investment firm focused on software, data and technology-enabled
businesses.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
About Wrike
Wrike is the collaborative work management platform for market
leaders. The Wrike platform brings out the best in teams by giving
them a single digital workplace with all the tools, features, and
integrations they need to do transformative work. It connects the
C-suite to front line work with business intelligence and insights,
enabling operational excellence. Founded in 2006 and headquartered
in Silicon Valley, Wrike is the partner of choice for 18,000
organizations, including Google, Tiffany and Company, and Edelman,
and nearly two million users across 130 countries. For more
information: www.wrike.com.
About Vista Equity Partners
Vista Equity Partners is a U.S.-based investment firm with
offices in Austin, Chicago, New York City, Oakland, and San
Francisco with more than $44 billion in cumulative capital
commitments. Vista exclusively invests in software, data and
technology-enabled organizations led by world-class management
teams. As a value-added investor with a long-term perspective,
Vista contributes professional expertise and multi-level support
towards companies to realize their full potential. Vista's
investment approach is anchored by a sizable long-term capital
base, experience in structuring technology-oriented transactions,
and proven management techniques that yield flexibility and
opportunity. For more information, please visit
www.vistaequitypartners.com.
For further information contact:
TMT Investments PLC +44 (0)1534 281 800
Alexander Selegenev (Computershare - Company Secretary)
Executive Director
https://tmtinvestments.com alexander.selegenev@tmtinvestments.com
Strand Hanson Limited
(Nominated Adviser)
Richard Tulloch
James Dance
Eric Allan +44 (0)20 7409 3494
Hybridan LLP
(Broker)
Claire Louise Noyce +44 20 3764 2341
Kinlan Communications +44 20 7638 3435
David Hothersall davidh@kinlan.net
About TMT Investments PLC
TMT Investments PLC invests in high-growth technology companies
across a number of core specialist sectors and has a significant
number of Silicon Valley investments in its portfolio. Founded in
2010, TMT has invested in over 40 companies to date and has latest
announced net assets of US$82m. The Company's objective is to
generate an attractive rate of return for shareholders,
predominantly through capital appreciation. The company is traded
on the AIM market of the London Stock Exchange.
https://tmtinvestments.com
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END
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