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We are very excited to share with you that inriver will receive a majority investment from Thomas H. Lee Partners, L.P. (THL), a premier private equity firm investing in growth companies. The transaction will include a significant primary capital investment to support inriver's product development roadmap and significantly expand its presence in North America and Europe to meet the demands of a high-growth market.
This is a milestone for inriver, our customers, partners, and investors. It's a testament to the importance of product information as it is a foundation for modern commerce. We are very excited to grow and scale the business to meet evolving market and customer demands with the investment from THL.
We would like to thank you for your loyalty and trust in inriver! We couldn't have achieved this without you. We look forward to continuing this successful journey together.
The inriver team
P.S.: For more information, please read the press release here.