Private equity firm TA Associates has invested in SaaS-based IoT connectivity specialist Aeris.

The partnership will support Aeris’ mission to advance the connected world and deliver innovative, secure, enterprise-grade IoT for enterprises, service providers and channel partners worldwide. Financial terms of the minority stake were not disclosed.

For more than three decades, Aeris has been at the forefront of the IoT industry, powering automotive, utilities, energy, fleet management, medical device and manufacturing programmes at a global scale. Its technology platforms – including IoT Accelerator, IoT Watchtower and Mobility Suite – enable enterprises and operator partners to manage, optimise and secure nearly 100 million connected devices, including more than 41 million connected vehicles.

“Aeris has deep roots and proven expertise in powering some of the world’s largest and most complex global IoT programmes, delivering AI-powered security and deep data-driven insights through our reliable connectivity management platform,” said Marc Jones, Aeris board chair. “This investment from TA marks a significant milestone in our journey.”

Aeris CEO Aziz Benmalek added: “With TA’s expertise and track record of supporting growth, we are poised to accelerate adoption of our innovative agentic AI and IoT security capabilities, helping enterprises across industries achieve greater efficiency, scalability and flexibility through our technology platforms.”

And TA’s director Nick Leppla and managing director Jason Werlin said: “We have followed Aeris closely for over a decade and believe the company’s proven track record of innovation, trusted customer relationships and global scale have created a strong foundation for continued growth. We look forward to partnering with Marc, Aziz and the entire Aeris team as they further expand their leadership and impact across the IoT ecosystem.”

TA will join the board of directors and work closely with Aeris leadership to support the company’s vision, operations and product innovation.

For more than three decades, Aeris (aeris.com) has been a cellular IoT specialist enabling the biggest IoT programmes and opportunities across automotive, utilities and energy, fleet management and logistics, medical devices, and manufacturing. Its IoT technology expertise serves a global ecosystem of 7000 enterprise customers, nearly 30 mobile network operator partners and 100 million IoT devices across the world.

TA (www.ta.com) is a global private equity firm focused on scaling growth in profitable companies. Since 1968, it has invested in more than 560 companies across its five core sectors of technology, business services, financial services, healthcare and consumer. TA has raised $65bn in capital to date and has more than 160 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong.