Warburg strikes $1 billion deal for software firm Vermont Information Processing, sources say
Buyout firm Warburg Pincus has clinched a deal to acquire Vermont Information Processing, which makes software for beverage distributors, for about $1 billion including debt, according to people familiar with the matter. Warburg Pincus declined to comment, while Vermont Information Processing did not immediately respond to requests for comment. Founded in 1972 by electrical engineer Howard Aiken as a billing service for beer, wine, and soda distributors, the Colchester, Vermont-based company provides software that helps with tasks such as management of warehouses and inventories, reduction of costs, and sales forecasting.
