MDT will complement Hg’s other investments in industry automation, including sister company Auvesy which, together with MDT, will form a global, reliable and highly innovative partner for customers, setting the standard in the sector.
Alpharetta, Georgia, USA and London, United Kingdom: 04 August 2021 – Hg, a leading global software and services investor, today announces the completion of an investment in MDT Software (“MDT”), a leading global provider of version control and change management software solutions for automated industrial environments, with a strong footprint in the US and in installations worldwide.
As part of the transaction the current majority owner of Desco Corporation (“Desco”) has fully exited his position in MDT. The terms of the transaction have not been disclosed.
Founded in 1987 and headquartered in Alpharetta, Georgia, USA, MDT is a trusted provider of disaster recovery and change management solutions for automated devices. Its solution ‘MDT AutoSave’, supports all manufacturers to effectively manage an increasing array of smart devices on the plant floor. MDT manages over a million industrial IoT devices across 44 countries, serving over 400 loyal customers.
MDT is the ninth investment in Hg’s Automation & Engineering cluster and is made from the Hg Mercury 3 Fund. It complements Hg’s recent investment in Auvesy, a European sector leader for version control and change management software. Auvesy and MDT will work together to set the much-needed industry standard in the industry automation space, which sees an exponential growth in the number of digitized devices that need to be maintained and managed. MDT and Auvesy will focus their products to deliver version control solutions from a technical, cybersecurity, compliance and, for certain industries, a regulatory perspective.