Aptean

Aptean CorporationType| Private

|

Industry| Computer software
Founded| 2012; 14 years ago (2012)
Headquarters|

Alpharetta, Georgia

United States

Key people

| TVN Reddy (Chief Executive Officer)
Alan Sommerville (Chief Operating Officer)
Jenny Peng (Chief Technology Officer)
Kevin McAdams (Chief Financial Officer)
Website| www.aptean.com

Enterprise application software providers CDC Software Corporation and Consona Corporation, with a total of 1,500 employees and 5,000 customers, merged in August 2012 to form Aptean Corporation.[1]

Aptean sells industry-specific software for the financial, manufacturing and supply chain industries integrating enterprise resource planning (ERP), supply chain management (SCM), and complaint management.

## History

Consona Corporation completed its initial public offering (IPO) in 1997.[2]

In 2003, the venture capital firm Battery Ventures acquired Made2Manage Systems for $30 million in cash.[3]

Originally named China.com when founded in 1997, CDC corporation was based in Hong Kong.[4] On August 6, 2009 CDC Software Corporation completed its IPO on the NASDAQ exchange under the symbol CDCS.[5] In November 2009, Consona Corporation acquired Canadian-based Activplant Corporation (formerly Executive Manufacturing Technologies, Inc.), a provider of manufacturing business intelligence software for manufacturing operations management.[6]

In July 2010, Consona acquired open source ERP software provider Compiere with 130 customers.[7]

The CDC-Consona merger was billed as a merger, although most of the management team of the surviving company was connected with CDC.[8]

Aptean named TVN Reddy as CEO in July 2018.[9]

Vista Equity Partners and TA Associates announced a joint investment in the company in February 2019.[10] One of Aptean's owners, Vista Equity Partners, tends to take a hands-on approach to management and implements standardized business processes and standard systems and tools.[11]

On March 20, 2020, Aptean announced the acquisition of UK-based Paragon Software Systems, a provider of transportation management software serving the food and beverage, distribution and retail industries.[12]

## Products

Aptean provides ERP, Supply Chain and compliance software. Industries served include food and beverage, discrete and process manufacturing, financial services, consumer goods, wholesale distribution and third-party logistics.

## References

1. ↑ Jacques Couret, “CDC Software combines with Consona,” Atlanta Business Chronicle, August 7, 2012.
2. ↑ Steve Gelsi, “Made2Manage going private after IPO,” Marketwatch, June 5, 2003.
3. ↑ Jim Shepherd, “Made2Manage Goes Private With Battery Ventures,” Gartner.com, June 9, 2003.
4. ↑ Ben Jiang (October 9, 2011). "CDC Corp. Filed for Bankruptcy Protection, Rise and Fall of the First China Concepts Stock". Tech Node. http://technode.com/2011/10/09/cdc-corp-filed-for-bankruptcy-protection-rise-and-fall-of-the-first-china-concepts-stock/. Retrieved March 16, 2017.
5. ↑ “CDC Software Prices IPO at USD12 Per ADS,” ChinaTechNews.com, August 6, 2009.
6. ↑ Jim Shepherd, “[1],” mcleanwatson.com, November 6, 2009.
7. ↑ Chris Kanaracus, “Consona buys cloud ERP vendor Compiere,” ComputerWorld, June 16, 2010.
8. ↑ Predrag Jakovljevic, “CDC Software + Consona = Aptean (Or: New Bottles for Old Wines),” Technology Evaluation Centers, August 13, 2012.
9. ↑ "TVN Reddy Named Aptean CEO" (in en). https://www.aptean.com/our-company/news-and-press/tvn-reddy-named-aptean-ceo.
10. ↑ "Aptean Partners with TA Associates and Vista Equity Partners to Accelerate Growth" (in en). https://www.aptean.com/our-company/news-and-press/aptean-partners-with-ta-associates-and-vista-equity-partners.
11. ↑ Cindy Jutras, “CDC Ross + Consona = Aptean,” Mint Jutras, October 26, 2012.
12. ↑ "Aptean Announces the Acquisition of Paragon Software Systems" (in en). https://www.aptean.com/en-US/insights/press-release/aptean-announces-the-acquisition-of-paragon-software-systems.

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