Press release
Carlyle Acquires 1E
The investment will further accelerate 1E’s strong growth as Unified eXperience Management becomes critical for businesses shifting to hybrid work
About this update from The Carlyle Group Inc.
[{"type":"text","content":"\nThe investment will further accelerate 1E’s strong growth as Unified eXperience Management becomes critical for businesses shifting to hybrid work\n\n LONDON--(BUSINESS WIRE)--\n1E, a leader in Unified eXperience Management (UXM)1, today announced that The Carlyle Group (NASDAQ:CG), a global investment firm, has acquired a majority stake in the company. Founder and CEO, Sumir Karayi will retain a significant minority stake and remain CEO of the company. The financial details of the transaction were not disclosed.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210609005647/en/1E CEO and Founder Sumir Karayi and Fernando Chueca, a Managing Director with Carlyle Europe Technology Partners (CTEP), celebrate Carlyle’s acquisition of 1E (Photo: Business Wire)\n1E’s current senior management team will remain with the company. Cormac Whelan will be appointed as Chairman, as the business embarks on its next phase of growth. Cormac brings with him more than 30 years of leadership experience in the software and IT industries. A portion of the business will continue to be employee-owned with all employees sharing in the company’s future growth.\n\n1E is a leading Unified eXperience Management (UXM) software solutions provider and its technology currently manages over 11 million endpoints. Its Tachyon technology actively improves the digital experience of all employees, providing analytics, sentiment analysis and real-time automation to remediate issues in real-time. Most customers integrate Tachyon into their existing Microsoft and ServiceNow infrastructure in order to deliver an integrated digital employee experience, optimize costs and create IT efficiencies with a tangible return on investment. The company is enabling more than 500 global customers to transform their employee experience and has driven a collective $3 billion in productivity savings.\n\nLeveraging its significant experience in scaling technology companies, Carlyle will support 1E’s international growth plans, including expanding its software enterprise business in the US and the UK, as well as investing in the company’s innovative product suite and go-to-market teams. Equity for the investment comes from Carlyle Europe Technology Partners (CETP) IV, a €1.35 billion fund that invests in small and middle-marke...