Gamma Technologies announces major investor

WESTMONT - Gamma Technologies LLC Wednesday said it has earned a strategic investment from Insight Partners, a New York-based global private equity and venture capital firm.

Financial details of the investment were not disclosed.

Insight Partners joins existing investors TA Associates, a leading global growth private equity firm, and Cove Hill Partners, a long-term oriented private equity firm. At the same time, TA is also making a significant new investment in the business, the Westmont-based company said.

Founded in 1994, Gamma Technologies is dedicated to building the most advanced system simulation tools, complemented with state-of-the-art software solutions that provide major productivity improvements for customers. Gamma develops and licenses GT-SUITE, an industry-leading computer-aided engineering (CAE) system simulation software.

"GT is the clear leader in multi-scale, multi-physics simulation software and offers the most technically advanced tools for modern simulation challenges, including in emerging domains like electric and electrified vehicles," said Henry Frankievich, principal at Insight Partners.