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TA Associates invests in Vietnamese software provider MISA

Private equity firm TA Associates Management LP made a minority investment of an undisclosed sum in software company MISA JSC.

MISA will use the investment's proceeds to expand into new markets and to further grow the business by launching a variety of new services.

MISA is a provider of accounting, financial, enterprise resource planning and business management software to small and medium-sized businesses, government agencies and individual clients in Vietnam.

Following the transaction, Edward Sippel, a managing director at TA Associates and co-head of Asia operations at TA Associates Asia Pacific Ltd., will join MISA's board of directors.

TA Associates invests in companies across the technology, healthcare, financial services, consumer and business services sectors.