JACKSON, Miss. -- One of Mississippi's small crop of technology companies has been sold. Boston-based private equity firm TA Associates has bought a majority share of Ridgeland-based software maker Bomgar, which provides remote technical support for computers.
No price was disclosed in the transaction, which was announced Thursday.
The company has more than 200 employees worldwide, with a majority based in Ridgeland, and yearly revenue of more than $50 million. The company will keep its headquarters in Mississippi.
Founder Joel Bomgar, who founded the company while he was in college, will remain as chairman and keep a minority share. Bomgar said other shareholders, including employees, were bought out by TA Associates. He said that he had already been transitioning out of day-to-day management over the last couple of years, and his role won't change much. Read more.