{"id":392919,"date":"2020-12-03T11:18:28","date_gmt":"2020-12-03T16:18:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392919"},"modified":"2020-12-03T11:18:28","modified_gmt":"2020-12-03T16:18:28","slug":"flexera-agrees-to-sell-a-majority-interest-to-thoma-bravo","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/flexera-agrees-to-sell-a-majority-interest-to-thoma-bravo\/","title":{"rendered":"Flexera Agrees to Sell a Majority Interest to Thoma Bravo"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <strong><br \/>\n          <em>Leading software<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em> investor to acquire majority stake <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>in Flexera <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>a second time<\/em><br \/>\n        <\/strong><br \/>\n        \n      <\/p>\n<p>ITASCA, Ill., Dec.  03, 2020  (GLOBE NEWSWIRE) &#8212; Flexera, the company that helps organizations turn technology into a competitive advantage whether they make it or use it, today announced it has agreed to sell a majority interest in the company to Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors. Flexera\u2019s existing shareholders TA Associates and Ontario Teachers\u2019 Pension Plan Board (Ontario Teachers\u2019) will continue to hold a meaningful stake in the business. Terms of the transaction were not disclosed.<\/p>\n<p>Flexera, headquartered in suburban Chicago, uniquely serves companies that use technology and those that produce it. The company\u2019s <strong>Flexera<\/strong> division provides IT management solutions that help enterprises maximize business value from their technology investments. The company\u2019s <strong>Revenera<\/strong> division provides solutions that help technology companies build better products, accelerate time to value and monetize what matters.<\/p>\n<p align=\"center\">\n        <strong>G<\/strong><br \/>\n        <strong>rowth and innovation<\/strong>\n      <\/p>\n<p>\u201cThis is a resounding vote of confidence in the growth Flexera has shown and the strategic initiatives we\u2019ve undertaken to address the exponential challenges faced by organizations today,\u201d said Jim Ryan, President and CEO of Flexera.<\/p>\n<p>\u201cIn order to give enterprises the insight and tools to control their rapidly expanding IT ecosystems, we\u2019re rolling out Flexera One,\u201d continued Ryan. \u201cFlexera One is our SaaS-based IT management solution designed with and for organizations with highly complex hybrid environments. With Flexera One, IT leaders can visualize their entire estate and make data-driven IT decisions from on-premises to SaaS to the cloud\u2014all from a single user interface.<\/p>\n<p>\u201cOur Revenera division continues to post amazing growth quarter after quarter,\u201d Ryan added, \u201cfueled by innovative solutions that help technology companies drive recurring revenue. To cite just one example, this year Revenera became the first vendor to successfully combine software usage analytics and monetization in a single platform.<\/p>\n<p>\u201cThe performance of our Flexera and Revenera divisions,\u201d noted Ryan, \u201cbrought our former investors at Thoma Bravo back a second time.\u201d<\/p>\n<p align=\"center\">\n        <strong>Re<\/strong><br \/>\n        <strong>-establishing a partner<\/strong><br \/>\n        <strong>ship<\/strong>\n      <\/p>\n<p>Thoma Bravo had previously acquired a majority interest in the company in 2008, when Flexera was spun off from then-parent company Macrovision. \u201cWe know Jim and his executive team very well,\u201d said Thoma Bravo Managing Partner Seth Boro, \u201cand we support Flexera\u2019s ambitious vision. The company\u2019s management team has accomplished a great deal over the past 12 years.<\/p>\n<p>\u201cJim and his team have positioned Flexera for sustained growth by focusing on the strategic challenges enterprises face with complex IT infrastructures,\u201d Boro continued. \u201cFlexera One is the first solution that gives IT executives the ability to see and manage their assets seamlessly across on-premises, SaaS and cloud.<\/p>\n<p>\u201cAnd the Revenera division is extremely successful at recognizing and delivering what technology companies need to understand and monetize usage,\u201d Boro added.<\/p>\n<p>\u201cWe\u2019re thrilled at this chance to \u2018get the band back together,\u2019\u201d concluded Boro. \u201cAnd we want all this great work not only to continue, but to accelerate.\u201d<\/p>\n<p align=\"center\">\n        <strong>A future full of promise<\/strong>\n      <\/p>\n<p>Thoma Bravo has helped build some of the world\u2019s leading companies in software applications, infrastructure and cybersecurity.<\/p>\n<p>Flexera is the largest homegrown technology company in the Chicago area, with more than 1,300 employees and offices on four continents. The company was named to <em>Inc.<\/em> magazine\u2019s 2020 Best Workplaces list and has been named a Top Workplace by the <em>Chicago Tribune<\/em> for nine consecutive years.<\/p>\n<p>\u201cWe have had a productive partnership with Flexera over the last nine years during which time the company has become a leader in its key segments while experiencing consistent growth in recurring revenue and profitability,\u201d said Karen Frank, Senior Managing Director of Equities at Ontario Teachers\u2019. \u201cWe look forward to working with the company\u2019s management and our co-shareholders Thoma Bravo and TA Associates in supporting Flexera\u2019s next stage of growth.\u201d<\/p>\n<p>\u201cIt is a pleasure to welcome Thoma Bravo as an investor in Flexera,\u201d said Harry D. Taylor, a Managing Director at TA Associates. \u201cWe have enjoyed our partnership with the Flexera management team and Ontario Teachers\u2019 over the past three years, helping Flexera to execute on its impressive growth strategies. We look forward to continuing to support the Flexera team and work alongside our fellow investors.\u201d<\/p>\n<p>\u201cWe\u2019re grateful for the continued partnership, support and guidance TA Associates and Ontario Teachers\u2019 provide,\u201d Ryan stated. \u201cAnd we look forward to this exciting next step with Thoma Bravo and to expanding the ways we will deliver for our customers.\u201d<\/p>\n<p>UBS is acting as financial advisor to Thoma Bravo, and Kirkland &amp; Ellis is serving as legal counsel. BofA Securities and Barclays are acting as financial advisors, and Weil, Gotshal &amp; Manges as legal advisor to Flexera, TA Associates and Ontario Teachers\u2019. Goodwin Procter is serving as separate counsel to TA Associates.<\/p>\n<p align=\"center\">\n        <strong>About Flexera<\/strong>\n      <\/p>\n<p>Flexera helps companies turn technology into a competitive advantage, whether they make it or use it. Our <strong>Flexera<\/strong> division delivers IT management solutions that enable enterprises to maximize business value from their technology investments. Our <strong>Revenera<\/strong> division produces industry-leading solutions that help technology companies build better products, accelerate time to value and monetize what matters. Headquartered in suburban Chicago, Flexera\u2019s more than 1,300 employees are passionate about serving category-leading customers across the globe. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tbksQk4l0ekUMQckkkcI7cincJSwsfKPKDb6t-Vk36f2y947MOAWiZamVJZtR_l4ng0RD1bkSd46nSuK5SGB1Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">flexera.com<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=l0Sa1jcdZkQFc7XJAak3zPzehDwS0bh0Whg8PlbPv_IoMayNVszO8OU1bdCXDIRptuDbZ6DBydda-ieehzADTQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">revenera.com<\/a><\/p>\n<p align=\"center\">\n        <strong>About Thoma Bravo<\/strong>\n      <\/p>\n<p>Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With more than $70 billion in assets under management as of June 30, 2020, Thoma Bravo partners with a Company&#8217;s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. The firm has offices in San Francisco and Chicago. For more information, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cNvNeaj9_yS25SIpEEuFWiWziUA6uOV6Ar_FMBxYqcPyBc1h8B67_ByHZJeq8oFDjyCD27QD9aCeTBPoIpdwRxrCHJL5zihaxNrmWNma8rugR5dPpjYLfo5w0bdnQJPFrFg5X-66h4QCBeqqMhAzvXWMyMLywt_hpaSlUbkLo9n8kAZAJsc4FG5fedSiC4Yz95livKWtkCzD8QJ1qfN57cDJyOXp6SX-D5MRUBQAdLNg-WLHyuYvFAH5qZ0IAbCJKEimCvM3pMV39gDf-6dkRuIGdaOjiO_VGm-brQheKfG1o9iaINIaeOuJVhTXg9OK2qW-VBdbvnBUIspn15Ahjw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.thomabravo.com<\/a><\/p>\n<p align=\"center\">\n        <strong>About TA Associates<\/strong>\n      <\/p>\n<p>TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries \u2013 technology, healthcare, financial services, consumer and business services \u2013 TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 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 $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $3 billion per year. The firm\u2019s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=P3NlARjmhYyggcJcx9YEzFwENAixVlf3DIuDWEhC2fpBR4hazWSkXh4YEH1k-eeVL8lM14wA14JXxjvcEcHI69EjKgji3O6rz9xZPISL9pmy26CsUiheXqdBiIR63XwATXWjd8PwAELiDQBmFHlDDjJ2-tQx3PK5DqFhSIB1CSKJD9gZS3P2tKeC41IG1tanN8Gyjg4d-pI5SBtuYegHIl2pyjWYSRa0akPZLL6l3uxf4G-St68iIQvJ740_Qw9PA-B9XNryk5OQVNfiicRRIDhffuT9QZ_h4isK99kgmYQ2X9t-fWzw-3pPVI8Khtx6ao24n7_Uu9NTjsd59fcnvIzYRX--9dxRS3GW4cRbbCfCaV-PRuhvbzLyUKT9uWSP2HRQFFce-AMZ0L9K6xUNebyOJc4vbYbkdZFzStLY6qt1210Co48z33maQgY6xpVVnrwPzcjZliUtIu8YOFfAhYDKB8r1r_d20ele0h-0fr9C5G0tw21RJv7rpApH0qMF9gZgaxbQcVoxrLwnIj8oMg4bHM4nVK8fbfgAfEafdh4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.ta.com<\/u><\/a><\/p>\n<p align=\"center\">\n        <strong>About Ontario Teachers\u2019<\/strong>\n      <\/p>\n<p>The Ontario Teachers&#8217; Pension Plan Board (Ontario Teachers&#8217;) is the administrator of Canada&#8217;s largest single-profession pension plan, with C$204.7 billion in net assets (all figures at June 30, 2020 unless noted). It holds a diverse global portfolio of assets, approximately 80% of which is managed in-house, and has earned an annual total-fund net return of 9.5% since the plan&#8217;s founding in 1990. Ontario Teachers&#8217; is an independent organization headquartered in Toronto. Its Asia-Pacific regional offices are in Hong Kong and Singapore, and its Europe, Middle East and Africa region office is in London. The defined-benefit plan, which is fully funded as of January 1, 2020, invests and administers the pensions of the province of Ontario&#8217;s 329,000 active and retired teachers. For more information, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fmwd8Kpssvd42XVI1nzSJV7_t0-Hz7azPJf5HsbgyxtpvzxrU-XYeT2yDUMMsY72_Cmu9GlL-IMX_ky1tOSvmZBA8_65pFR-6cb1byR0y1ygIIBqYLJ2uOhBWr-qZ_u9IB2_mVooUxhTqJzBcx1oMVl58IrzmMiz8Wc2G9LnElFITjDPFYbuOcmO5cQU-I2EXv8nbL_aJvLPbegW9TPG8t7BO-vbyIDJtck8ybOKU-eG_2STJco83StfSLhGLiGot3Nc9kqf4aYyqYa9eH35Yr_xhJ6HGr4IYpvOmUHVlvd5N47Loai1Uezp-Va623UV4ey-p44i_jz3RYq4AJe7k6CbQ3JxnskfMuXTOc5U4kExlK1IdLEmU38XswBq5SeY2FFDVfsST78eJKo-gGJrafUk4rIyWfSOL3ZeuRDOG-f7HyQMI-1UTk7U_wbfHtaatZeJNTrAECId2XTbwxuOj5gNM6CarIdXvCmtStnJDE6ZtZQMfzuq3w95Qe8UssKwbEe8OHDbhB4ARb-Z-LTNIPljwzB4vuTo9T67532ZS9Y=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>otpp.com<\/u><\/a>\u00a0and follow us on Twitter\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6HcFkFvTehgiEskb3XYxvntNUjTtGsBfIlSuAvj6CDFx-XWJYQBsU33-X59GWfkS9MFlxAzatQO6hqSyiCak1bf5b27tV7-V0Z2JzJQaYq-uR7PEs13BlBmlyQKTp2zDNCu_FCBQLc_MGFgL2lWlQdxwNKhcRWiNKUpB9us-h9BcoL99lbZDy4B2_Sr9bX6p-T_oz-BB6V71UmtZ6L-ArLn8mKcgB8J_cxKq6JRlyqO5tMIqT6QKB2M_jKf-z8PU00rUbmLFzdLzGba70YLPRUkS2u3c5ZAQRVLtgv0bEAZpCgwmZ3nlniuabUiWkrrG6RiggTzZeCQa-vH4zhGOL2iujv9bsYHBS3TCUTxtlj8Ln0OJzdT_PJ9Ki5kE91fYTEtg_my2dOintRwba1joETpbwQBUcMKrJs8UTyr7FuxwdHq5u47SMuenP9X_86SVDSqyVXAHMY6h8N3wJfC9MMnqFIRGObcP7YvB9iyf-SWuMfDxWckDwbHCrsoJijUp_JCaN53n6TQfZfOOAjy4coPqVERGJ0p9KRJyVtis_KAzm9R1P7oX0MEgMUW-9kcC1P0Io0MkBkXANYPDn9-5yQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>@OtppInfo<\/u><\/a><\/p>\n<p>\n        <strong>Flexera<\/strong><br \/>\n        <strong> media contact<\/strong><br \/>\n        <br \/>Clement | Peterson for Flexera\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>303-229-2271<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tbksQk4l0ekUMQckkkcI7di3YtevQHo5-EruTLAnYd2yPqeESQ5F1tCoi16ZdwWG0ekNop-SIITrfh-HebR1X90dSYQzC42RxkhiZNZkeJBDKCS4rFANpBXQ5SWQEpU_\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">flexerapr@clementpeterson.com<\/a><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <br \/><strong>Thoma Bravo<\/strong><strong> media contact<\/strong><strong>s<\/strong><br \/>Megan Frank\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>212-731-4778\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=y_XjD7ENY8pqhA1OsGX_k-qFx4hqexjoCFrQKi2LDsQCBWBlL0B7D0qQEHmrz62ELW0PD305dGHW2bJT9LcmfZsGF4x89ZY1kPij6dFpvzY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">mfrank@thomabravo.com<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>Joe Berg, Finsbury<br \/>203-984-2771<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MFFJ5stpJTsyvxUbiDW3bOm_4o-QnXIRC9glg2tVXglIIIyUBqjJ9O-f2Yz_pl44yIvxzb6imVgFWI0NBR9rWtmBHUW-lbXdUfUDV61OQMc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">joe.berg@finsbury.com<\/a><\/p>\n<p>\n        <strong>TA Associates<\/strong><br \/>\n        <strong> media contact<\/strong><br \/>\n        <strong>s<\/strong><br \/>\n        <br \/>Marcia O\u2019Carroll\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0`<br \/>617-574-6796\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XcJQyxXpojmROm5nQ5iuTHfI3KjZnXsFZ_lIFnBAbO2FvBleL7MI7Us_AxpKdI7BJFYLeUIhfxwRSlyMSh_u6g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>mocarroll@ta.com<\/u><\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>Philip Nunes, BackBay Communications<br \/>617-391-0792<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cqS3rulWnkoZYDX1gYkPZPHzh9N3oQny4qmN1J0beFkiX9FcRl52XpL65Vq8CKHRYCl9lvZP1MB1-zGFmICtI0Jr2BSeUh_N0dXJf39QWWqJbv0t-61JmsrPMlO8Wo5xtbdJFjlT8dLUlUrI4PgxpA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">phil.nunes@backbaycommunications.com<\/a><\/p>\n<p>\n        <strong>Ontario Teachers\u2019 Pension Plan<\/strong><br \/>\n        <strong> media contact<\/strong><br \/>\n        <br \/>Dan Madge<br \/>416-730-6451<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=y00OLFbGdXhjw2c9m5q6PmAYQlHK84F4G5oEmpak_lH0cVu3Rx2krnv6quw1lmxjKsQPpkI4_WyfxDv1fePakA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">media@otpp.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjM4MCMzODU1Mjc5IzIwODQ5MTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/34e61615-8aed-4e17-b5b0-adf7800f89a5\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Leading software investor to acquire majority stake in Flexera a second time ITASCA, Ill., Dec. 03, 2020 (GLOBE NEWSWIRE) &#8212; Flexera, the company that helps organizations turn technology into a competitive advantage whether they make it or use it, today announced it has agreed to sell a majority interest in the company to Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors. Flexera\u2019s existing shareholders TA Associates and Ontario Teachers\u2019 Pension Plan Board (Ontario Teachers\u2019) will continue to hold a meaningful stake in the business. Terms of the transaction were not disclosed. Flexera, headquartered in suburban Chicago, uniquely serves companies that use technology and those that produce it. The company\u2019s Flexera division provides IT management &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/flexera-agrees-to-sell-a-majority-interest-to-thoma-bravo\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Flexera Agrees to Sell a Majority Interest to Thoma Bravo&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392919","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Flexera Agrees to Sell a Majority Interest to Thoma Bravo - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/flexera-agrees-to-sell-a-majority-interest-to-thoma-bravo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flexera Agrees to Sell a Majority Interest to Thoma Bravo - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Leading software investor to acquire majority stake in Flexera a second time ITASCA, Ill., Dec. 03, 2020 (GLOBE NEWSWIRE) &#8212; Flexera, the company that helps organizations turn technology into a competitive advantage whether they make it or use it, today announced it has agreed to sell a majority interest in the company to Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors. Flexera\u2019s existing shareholders TA Associates and Ontario Teachers\u2019 Pension Plan Board (Ontario Teachers\u2019) will continue to hold a meaningful stake in the business. Terms of the transaction were not disclosed. Flexera, headquartered in suburban Chicago, uniquely serves companies that use technology and those that produce it. 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