THL Partners Makes Majority Investment In Queue-it
KUALA LUMPUR, Aug 18 (Bernama) -- THL Partners (THL), a private equity firm investing in middle-market growth companies, has announced a definitive agreement for a majority investment in Queue-it, an online traffic orchestration solutions provider.
In a statement, THL said it will invest in Queue-it through its Automation Fund II, with the partnership focused on accelerating product innovation and expanding Queue-it’s global reach.
THL Managing Director, Jordan Welu said Queue-it has built an impressive platform that helps organisations deliver reliable digital experiences during their most critical moments.
“We believe the company is well positioned to benefit from the growing need for intelligent traffic orchestration, particularly as AI changes the nature and volume of online traffic. We look forward to partnering with the entire Queue-it team to support the company’s next phase of growth,” said Welu.
Meanwhile, Queue-it Chief Executive Officer, Jesper Essendrop said THL brings deep experience scaling global software businesses and shares Queue-it’s conviction in the opportunity ahead.
“Together, we will continue investing in innovation, supporting customers around the world, and strengthening our platform as organisations increasingly look to manage complex digital traffic,” he said.
Founded and headquartered in Denmark, Queue-it helps enterprises and public organisations manage online traffic surges, protect digital infrastructure, mitigate bots and abuse, and deliver fair, reliable access to critical online services.
THL’s partnership with Queue-it builds on the firm’s longstanding investment focus on information technology (IT) operations and data, which includes software companies that help organisations operate, secure, and optimise increasingly complex digital infrastructure.
As internet traffic continues to grow and artificial intelligence (AI)-driven activity reshapes how organisations manage digital demand, THL believes Queue-it is well positioned to help customers deliver resilient online experiences.
Financial terms of the transaction were not disclosed, and closing of the transaction is subject to customary conditions, including receipt of required regulatory approvals.
-- BERNAMA