Technology-focused private equity firm Vector Capital agreed to buy Aspect Software Inc., which provides customer engagement, workforce optimization and self-service omnichannel solutions.
The deal would see Vector Capital investing more than $100 million in Aspect. Existing Aspect lenders will also provide the company with a new credit facility once the deal closes, expected in the first quarter.
Jefferies LLC and DCS Advisory were the financial advisers to Aspect, while Akin Gump Strauss Hauer & Feld LLP was its legal counsel. Paul Hastings LLP was legal counsel to Vector Capital.