April 2 (Reuters) - Private equity firm EQT

said on Tuesday it has agreed to buy compliance software maker

Avetta from Welsh, Carson, Anderson & Stowe (WCAS).

Reuters reported on Monday citing sources that EQT had

prevailed in a sale process run by Avetta's owner WCAS, valuing

it at roughly $3 billion, including debt.

The Stockholm, Sweden-based investment firm is buying Avetta

through its EQT X fund.

The sale comes at a time when global supply chains have seen

significant disruptions due to geopolitical turmoil and natural

disasters. Major corporations are ramping up spending and

looking to create resilient supply chains in a bid to minimize

risk.

Avetta's software helps companies monitor their supply

chains. Founded in 2003, the Lehi, Utah-based firm's offerings

are used in more than 120 counties, according to its website.

The companies did not disclose the financial terms of the

deal.

Welsh Carson and EQT did not immediately respond to Reuters'

requests for comment seeking additional information on the terms

of the transaction. Avetta declined to comment on financial

terms.

Welsh Carson acquired a majority stake in Avetta in 2018 for

an undisclosed amount. A year later, Welsh Carson merged Avetta

with BROWZ, another software vendor focused on supply chain risk

management.