"We're excited to join the TELEO Capital family and start a new chapter in UMT360's evolution," said Catalin Olteanu, CEO of UMT. "TELEO will provide valuable operational insights as we continue to scale our business and drive the industry utilization of the modern PMO tool kit," he added.
"UMT is at the forefront of the rapidly growing and evolving PPM market. Their unique mix of software and services is deeply ingrained within customer workflows and we see significant opportunity to accelerate growth and expand market share. Our investment in this industry-leading company is consistent with TELEO Capital's strategy of empowering businesses to perform and execute through operational initiatives. We are thrilled to partner with Catalin and his team during their next stage of growth," said George Kase, Co-Founder of TELEO Capital.
"The UMT team has clearly set the gold standard in Project Portfolio Management, earning both Gartner Magic Quadrant and Microsoft Gold Certified Partner Status. The UMT360 Solution truly provides the software, tools, training, and support companies need to execute their transformation strategies in today's disruptive environment. We are excited to support their continued growth," added Paul Gille, TELEO Operating Partner and Chairman of UMT360.
Cascadia Capital LLC served as the financial advisor to UMT360.
About UMT360
UMT360 is a leading provider of Project Portfolio Management ("PPM") software and consulting services that extends and enhances the Microsoft Project ecosystem by providing the investment planning and controls needed to maximize ROI. The Company's software seamlessly integrates with the Microsoft Project Suite, and its services offerings help customers implement best practices throughout the PPM lifecycle. As a result, UMT's unique combination of Strategy Realization Management and technology helps customers move from simple project management to orchestrating business transformation across enterprise-wide portfolios of projects. For additional information, please visit www.umt360.com
About TELEO Capital Management
TELEO Capital is an operationally-focused, lower-middle market private equity firm, targeting opportunities in the Technology & Software, Healthcare, Business Services and Industrial sectors. TELEO Capital looks to invest in opportunities where capital, strategic thought, and operational resources empower management to perform and execute their business plan.