July 26 (Reuters) - Private equity firms Haveli Investments and General Atlantic have agreed to acquire business software vendor Certinia from Advent International for nearly $1 billion including debt, according to people familiar with the matter.
Haveli, which was launched by former Vista Equity Partners president Brian Sheth, and General Atlantic will buy Advent's majority stake in Certinia as well as a minority stake held by Technology Crossover Ventures (TCV), the sources said.
Haveli, General Atlantic and Advent declined to comment.
Austin, Texas-based Haveli has invested in some technology ventures since it was launched by Sheth in 2021.
Haveli has launched a fund seeking more than $3 billion for software deals, which will include this one.
Persons:
Brian Sheth, Salesforce, Milana Vinn, Anirban Sen, Jamie Freed
Organizations:
Haveli Investments, General Atlantic, Advent International, Vista Equity Partners, Technology Crossover Ventures, Certinia, Siemens, Hewlett Packard Enterprise, Cisco Systems, Philips, Sheth, Haveli, Apollo Global Management, Thomson
Locations:
Certinia, Haveli, General, Jose , California, Austin , Texas, New York