News & Events

Sparta Systems Receives Investment from Summit Partners and Altaris

Holmdel, NJ - May 17, 2006 – Sparta Systems, Inc. announced today that Summit Partners and AIG Altaris Health Partners have made an investment in the company. Sparta is the market leader in enterprise quality and compliance management software for the life sciences industries and other highly regulated industries.

Sparta's TrackWise® quality management software enables its customers to streamline operations, lower costs, and improve quality control processes. TrackWise® is a powerful, off-the-shelf, fully configurable solution that has become the industry standard tool for logging, tracking, and trending quality assurance issues.

"Sparta Systems has maintained its leadership role by proactively enhancing and expanding the TrackWise® product suite based on evolving regulatory and quality trends, customer requirements, and industry best practices," said Ran Flam, founder, president & CEO of Sparta. "Summit Partners and Altaris are the right partners to assist us as we continue to grow our business. Summit has a strong history of investing in profitable, industry-leading private IT software companies such as Sparta, and Altaris has considerable investment experience in the healthcare industry."

"We are very proud to be associated with Ran Flam and his team at Sparta Systems," said Martin Mannion, a managing partner at Summit Partners. "Sparta has steadily gained market share and established itself as an industry leader by providing a top-quality product suite. This is a customer-driven company that is run by an outstanding management team. We look forward to working with the company in its continued growth and future successes."

About Summit Partners

Summit Partners (www.summitpartners.com) is a private equity and venture capital firm with offices in Boston, Palo Alto, and London. Formed in 1984, the firm has raised nearly $9 billion in capital in its private equity, venture capital, and subordinated debt funds. Summit has provided growth equity, recapitalization, and leveraged buyout financing to more than 275 companies, which have completed more than 100 public offerings, and in excess of 100 strategic mergers or sales. Summit Partners seeks outstanding management teams that have self-financed their companies to profitability and market leadership in a broad range of emerging growth industries. Previous notable software investments made by Summit Partners include FleetCor, GoldenGate Software, Help/Systems, McAfee, OPNET Technologies, Postini, RightNow Technologies, and Sybari Software.

For more information about Summit Partners contact Joan Miller, 617-824-1047 or jmiller@summitpartners.com

About Altaris

AIG Altaris Health Partners (www.altarishp.com) is a private equity fund investing exclusively in the healthcare industry. With $350 million of equity capital under management, Altaris invests in companies meeting clearly defined healthcare needs and leverages its extensive industry knowledge and contacts to accelerate their growth. Altaris partners with management teams to nourish long-term growth and value appreciation in an environment where interests are aligned and actions are guided by the strongest commitment to integrity and fairness.

About Sparta Systems

Sparta Systems, Inc. is the industry leader for global quality and compliance management systems. Its TrackWise product is a web-based software application used by quality, manufacturing, and regulatory affairs professionals to manage quality and compliance issues across the enterprise. The company has more than 12 years of experience and an extensive customer base in the life sciences and other highly regulated industries. Sparta Systems offers its customers a complete solution for global quality management needs, including the onsite support required throughout the project lifecycle. More information about Sparta Systems and TrackWise® can be found at www.sparta-systems.com.

Media Contact:
Jon Rabinowitz
Director of Marketing
Sparta Systems, Inc.
Phone: (732) 203-0400 x121
Email: jon.rabinowitz@sparta-systems.com

Sparta Systems Inc. and the Sparta Systems, Inc. logo, TrackWise and the TrackWise logo are trademarks or registered trademarks of Sparta Systems, Inc.

All other company and product names are used for identification purposes only and may be trademarks of their respective owners. Sparta Systems, Inc. cannot guarantee completion of any of the aforementioned products or product features, and no reliance should be placed on their availability. Sparta Systems does not undertake an obligation to update the forward-looking information contained herein.