TA Associates takes majority stake in cloud workspace company IGEL

The $32.5 billion private equity powerhouse TA Associates signed a definitive agreement to make a majority investment in IGEL Technology, an operating systems company that recently added computing industry veteran Bill Veghte, a former senior executive at Microsoft and HP, to its board.

TA is joining in with existing IGEL investor C. Melchers GmbH & Co., which has been the company’s primary investor since its founding in 2001. Melchers will maintain a significant equity interest in the company. Founder and CEO of IGEL Heiko Gloge also remains a minority stakeholder and board member after handing . . .

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