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Gamma Technologies closes strategic growth investment for multi-physics system simulation software

Gamma Technologies Announces Strategic Growth Investment From Insight Partner


Gamma Technologies, LLC. (GT), a global leader and innovator in integrated multi-physics system simulation software, today announced a strategic investment from New York-based global private equity and venture capital firm, Insight Partners. Insight Partners joins existing investors TA Associates, a leading global growth private equity firm, and Cove Hill Partners, a long-term oriented private equity firm. At the same time, TA is also making a significant new investment in the business. Founded in 1994, GT is dedicated to building the most advanced system simulation tools, complemented with state-of-the-art software solutions that provide major productivity improvements for customers. GT develops and licenses GT-SUITE, an industry-leading computer-aided engineering (CAE) system simulation software. GT-SUITE features a comprehensive library of predictive, physics-based models for engineers across a wide variety of industries, including mobility and transportation (automotive, marine, rail, aerospace), energy and industrial machinery. The pioneering user community of GT deploys GT-SUITE across all stages of product development, ranging from fast conceptual design to detailed system and component analyses, optimization studies and root cause investigations impacting performance, efficiency and costs.

GT also offers GT-SUITE Apps designed for enhanced simulation capabilities for specific applications. This includes GT-AutoLion, an industry-leading electrochemical and thermo-structural battery simulation software used by cell manufacturers and vehicle OEMs to predict performance, degradation and safety for mainstream and emerging battery technologies.

"GT is the clear leader in multi-scale, multi-physics simulation software and offers the most technically advanced tools for modern simulation challenges, including in emerging domains like electric and electrified vehicles," said Henry Frankievich, Principal at Insight Partners. "We are excited to invest in GT at this moment in their growth and look forward to partnering with TA and Cove Hill as GT continues its path of industry-leading innovation."

“It is a pleasure to welcome Insight Partners as an investor in Gamma Technologies,” said Dimple Shah, President and CEO of GT. “During our partnership with TA and Cove Hill, we have established our leadership in system simulation software and enjoyed consistent growth, expanding our high-quality customer base. Moving ahead, we will continue to work closely with our investors, leveraging their guidance and support to accelerate our strategic initiatives in technology research, product development and market expansion centered around customer success.”

TA, which first invested in GT in 2015, remains the company’s largest shareholder; Insight Partners and Cove Hill, an investor sin/ce 2018, will each be significant minority shareholders.

“Since our initial investment in 2015, Gamma Technologies has solidified itself as an industry leader, driving significant product innovation and expanding into emerging markets,” said Hythem El-Nazer, a Managing Director at TA and member of the GT Board of Directors. “Building on this momentum, we believe the company is positioned for continued success. We are excited to make a further investment in GT and look forward to deepening our collaboration with the management team, Cove Hill, and now Insight Partners as the company enters its next phase of growth and innovation.”

“GT’s market-leading simulation software helps its customers drive meaningful innovation across several important sectors of the global economy,” said Dan May, Managing Director at Cove Hill. “We are thrilled to continue our partnership with the GT team, TA, and Insight to keep building on that track-record of industry impact.”

Willkie Farr & Gallagher provided legal counsel to Insight Partners. Ropes & Gray served as legal counsel and Lincoln International as financial advisor to Cove Hill. Financial terms of the transaction were not disclosed.

About Gamma Technologies Gamma Technologies, LLC. develops and licenses GT-SUITE, a leading multi-scale, multi-physics system simulation software. GT-SUITE includes a complete library of physics-based models covering fluid flow, thermal systems, mechanics, electromagnetics, chemistry and controls. It supports the entire development cycle from concept to validation. GT-SUITE applications include a wide variety of engineering systems in conventional, hybrid and electric vehicles that include powertrains, engines, batteries, fuel cells, motors, power electronics, compressors, catalysts, acoustics, cooling, thermal management, HVAC, hydraulics, lubrication, multi-body mechanics and much more. Recent GT acquisitions have expanded the product portfolio with leading technologies that include AutoLion for batteries, PowerForge for power electronics, and Exothermia for ultra clean vehicles. GT is headquartered in Westmont, Illinois, with additional offices across Europe and Asia. More information about GT can be found at www.gtisoft.com.

About Insight Partners Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all.


For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.

About TA Associates TA is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – the firm invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 550 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $47.5 billion in capital since its founding in 1968. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.

About Cove Hill Partners Cove Hill Partners is a long-term oriented investment firm focused on partnering with outstanding management teams to build market-leading technology and consumer companies. The firm manages long-duration funds with over $2.5 billion of commitments from its investors and founders. The firm was founded in 2017 by seasoned private equity investors to invest their personal capital alongside a small group of like-minded investors. Based in Boston, Cove Hill has an innovative structure that provides the flexibility to enable a patient, concentrated, and value-add approach in a small portfolio of long-term investments.


More information about Cove Hill Partners can be found at www.covehillpartners.com.