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Warburg Pincus makes minority investment in software company

Warburg Pincus LLC took a minority stake in Softeon Inc., a U.S. provider of supply chain and warehouse management software.

Financial terms of the deal were not disclosed.

Softeon will use the proceeds to expand its sales and marketing teams, extend its footprint to markets including Europe, and for product development.

Warburg Pincus, a global private equity firm focused on growth investing across a range of sectors, stage and geographies.