The story
Privately held, the original investor in IGEL was C Melchers GmbH & Co. KG (“Melchers”) which founded the company in 2002 in Bremen, Germany. In 2021, TA Associates ("TA") became the majority investor in IGEL. Melchers continues to maintain an equity interest in the company.
Originally, IGEL was a manufacturer of hardware "thin clients". The company permanently exited the hardware business in 2020, and since then, IGEL has since been solely a software company. Its headquarters are in Bremen, Germany with North American operations out of Fort Lauderdale.
From Wikipedia’s article on IGEL Technology, shared under CC BY-SA 4.0.5