UserTesting Acquires User Interviews to Strengthen the Industry’s Most Comprehensive Customer Insights Solution for the AI Era

Thomabravo

Combination unites UserTesting’s category-leading insights platform with User Interviews’ leading participant recruitment to help enterprises make better decisions.

BELLEVUE, WASHINGTON — UserTesting, the leading provider of customer insights for the enterprise, today announced it has acquired User Interviews, the leading participant recruitment platform for user research, market research, and AI training. The combination brings together powerful insights technology and premium participant access to deliver the industry’s most comprehensive and scalable customer insights solution.

“As companies reimagine their products and experiences to win in the AI era, the need for trusted customer insights has never been greater,” said Eric Johnson, CEO of UserTesting. “By bringing UserTesting and User Interviews together, we’re creating the fastest and most reliable way for teams to understand their customers and make better, smarter decisions with confidence.”

“We started User Interviews to help organizations hear from the people that matter most to their businesses,” said Basel Fakhoury, CEO of User Interviews. “Combining User Interviews’ panel capabilities with UserTesting’s platform gives enterprises a more scalable, trusted way to access the right audiences and turn insights into action.”

Advancing Panel Reach and Participant Management at Enterprise Scale

The combination of UserTesting and User Interviews brings together UserTesting’s category-leading insights platform and global general population network with User Interviews’ large-scale, premium participant marketplace. Together, the companies make it fast, easy, and cost-effective to recruit the right participants at scale across any criteria, geography, or audience type. With unmatched panel breadth, depth, and speed of access to consumers, B2B professionals, and specialized audiences, enterprises gain trusted, high-fidelity insights to support rapid and high-stakes decision-making.

The combined offering enables organizations to ground every AI deployment, product enhancement, marketing program, and customer experience in authentic customer understanding, bringing the real voices of customers directly into the decisions that matter most.

Customers benefit from:

  • Broad reach: Everyday consumers, niche audiences, specialized experts, B2B professionals, and hard to reach roles
  • Precise targeting and matching: Rich demographic, behavioral, attitudinal, and industry-specific segmentation
  • Proprietary fraud prevention: Sophisticated controls designed to protect quality and trust
  • Rapid scale: Fast access to millions of participants for live and unmoderated conversations, as well as high quality quantitative research at scale
  • Enterprise-grade trust: Built-in security, privacy, and data governance designed for global enterprises

Empowering Designers, Researchers, and Marketers

The acquisition unlocks unprecedented ability for designers, researchers, product managers and marketers to identify the exact audiences they need, engage them quickly, and extract insights at speed using AI-powered analysis. It enables teams to move from understanding to confident action faster than ever before.

Advisors

Lightning Partners served as the exclusive financial advisor to User Interviews.

About UserTesting
UserTesting enables organizations to craft exceptional customer experiences through actionable customer insights. With the world’s strongest participant network, AI-driven insights, comprehensive feedback solutions, and expert-level services, enterprises can validate decisions, co-innovate at scale, and accelerate their path to better products and experiences. Trusted by 3,000+ customers, including 75 of the Fortune 100, UserTesting is the partner of choice for businesses committed to delivering experiences customers love. Learn more at www.usertesting.com.

About User Interviews
User Interviews is the most scalable way to recruit quality participants for any kind of research. With over 6 million participants, precise matching, and fraud prevention, User Interviews can reliably fill nearly any research study. Researchers, designers, product managers, and marketers can quickly connect with the right people in any niche, whether consumers, B2B professionals, or domain experts needed for model training, for any kind of study, moderated, unmoderated, in-person or remote.

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Ping Identity Marks Digital Trust Milestone with Zero-Knowledge Biometrics in the Age of AI

Thomabravo

Completion of the Keyless acquisition adds privacy-preserving biometric authentication and re-verification to strengthen enterprise defenses against AI-powered spoofing and fraud.

DENVER — Ping Identity, a leader in securing digital identities for the world’s largest enterprises, today strengthened its identity platform to help enterprises counter increasingly sophisticated AI-driven attacks. With the acquisition of Keyless now complete, Ping adds Zero-Knowledge Biometrics to its portfolio, expanding access to device-independent, cryptographically protected biometric authentication and re-verification, elevating the standard for verified trust across the digital ecosystem.

Keyless’ patented Zero-Knowledge Biometrics technology re-verifies the originally verified person with one glance, enabling lightning-fast multi-factor authentication and re-verification in under 300 milliseconds. Each re-verification uses advanced cryptographic techniques that ensure biometric data is never stored in a retrievable or reconstructable form. The result is a highly portable, privacy-first approach that eliminates the need for a dedicated device, while helping organizations counter deepfakes, impersonation, and account takeover.

How Will Ping’s Acquisition of Keyless Help Enterprises Create Trusted Digital Experiences?

“AI is accelerating identity-based attacks. Authentication must be resilient and simple to use, while simultaneously ensuring the originally verified user is who they say they are” said Andre Durand, CEO and Founder of Ping Identity. “Keyless delivers privacy-preserving biometrics that make strong verification effortless. Now that the acquisition is complete, we can bring this simplicity and strength to customers across every digital interaction.”

Andrea Carmignani, CEO and Co-Founder of Keyless, added: “Joining Ping Identity is a major milestone for our team and technology. Zero-Knowledge Biometrics allow organizations to re-verify the originally verified identity across the entire journey—onboarding, access, step up, and recovery—without ever exposing biometric data. Together with Ping, we can deliver that level of protection at a global scale.”

How Does This Acquisition Combine Ping and Keyless Capabilities, While Furthering Ping’s One Platform Strategy?

Keyless securely binds a user to one or more devices and can also re-verify different users on a shared device, strengthening Ping’s ability to support re-verification in environments where traditional MFA falls short. Together, Ping and Keyless provide continuous identity assurance by extending strong verification across diverse identity environments and use cases.

The combined capabilities across customer, workforce, and B2B identity use cases will help enterprises:

  • Support continuous identity assurance across all stages of the identity lifecycle.
  • Prevent account takeover and identity fraud with one glance at the camera.
  • Deliver passwordless multifactor authentication and seamless single sign-on.
  • Provide mobile and frontline workers with instant biometric re-verification in less than 300ms.
  • Protect critical user moments, including account creation and recovery.
  • Support compliance with global privacy and security regulations, including GDPR, CCPA, eIDAS 2.0, and the emerging PSD3.

Together, these capabilities advance Ping’s Platform vision: delivering verified trust across all identities without adding friction, compromising privacy, or reducing control.

Keyless technology is now available to customers. Financial terms of the transaction were not disclosed.

Resources:

About Ping Identity 
At Ping, we make it possible to trust every digital moment—moments with customers, employees, partners, and non-human identities. Whether you’re securing millions of users, fighting sophisticated fraud, simplifying third-party access, or embracing passwordless experiences and verifiable credentials, establishing trust shouldn’t slow you down. Our enterprise-grade identity platform is built for scale, speed, and flexibility—and works seamlessly with your existing tech stack across cloud, hybrid, and on-prem. We help innovators like you accelerate growth and confidently leverage AI—making life easier for your developers, users, IT teams, and partners. With Ping, all your digital experiences start with trust. Learn more at pingidentity.com.

Categories: News

Accenture to acquire Faculty, an Apax Digital Fund I portfolio company, to scale AI capabilities

Apax

Accenture has agreed to acquire Faculty, a leading UK-based AI native services and products business built on highly technical applied AI skills and a unique decision intelligence product that features advanced simulation and optimization capabilities. The acquisition will expand Accenture’s capabilities to help its clients reinvent core and critical business processes with safe and secure AI solutions that result in tangible outcomes.

Founded in 2014, Faculty has a strong track record working with public and private sector clients to deploy AI solutions in the U.K. and other key markets. Its services – which include AI strategy, AI safety and the design, build and implementation of high-performance AI systems – support the scaled and safe adoption of AI by client organizations.

Faculty has built a distinctive market position by pairing deep technical capability with an ability to attract and retain top-tier data science talent in the UK. This is driven by its thought leadership, fellowship programme, and work on high-profile, mission-critical projects, including the NHS Early Warning System. Most recently, Faculty became OpenAI’s first global technical partner, underlining its credentials in advanced and generative AI.

Since 2021, with the support of Apax Digital and LocalGlobe, Faculty has more than quadrupled in size, evolving from an applied AI services provider into a business with a differentiated, scalable software platform at its core. Investment in Frontier, Faculty’s software platform, has also unlocked significant growth opportunities, particularly in life sciences, where Faculty’s decision intelligence capabilities address complex regulatory and operational challenges.

Faculty’s team of more than 400 AI native professionals, including highly qualified data scientists and AI engineers, will integrate with Accenture’s teams to scale world class AI capabilities for clients.

Marc Warner, CEO of Faculty, said, “Our vision has always been a world in which safe AI delivers widespread benefits to humanity. We have spent the last ten years supporting our clients to bring this world about, step by step. As AI advances rapidly, the ambition of our clients is now, rightly, no less than the reinvention of their business. I am delighted that by teaming up with Accenture, we have everything in place to support AI transformation from start to finish.”

Faculty is known for their ability to apply AI in mission-critical settings. For example, during the COVID-19 pandemic, Faculty built the UK National Health Service’s (NHS) Early Warning System. This was used daily by NHS Gold Command to accurately predict patient demand across the country, and to optimally allocate critical care resources to where they were needed most.

Saul Klein, Co-founder and Executive Chairman at Phoenix Court, home of LocalGlobe, said: “We are proud to have invested in Faculty in January 2016, when they were a small team of around 10 people, together with the other early stage investors in the company. We extend our warmest congratulations to Marc, Andy, Angie and the whole Faculty team as they embark on this exciting next stage of their journey, together with Accenture.”

Mark Beith, Partner at Apax Digital, said: “Faculty has built the UK’s standout applied AI business, pairing serious technical depth with the discipline to deploy AI safely in the real world. We met Faculty in 2017 and became a client early on. It has been a privilege to partner with Marc, Angie, Andy, John and their world-class team, as well as LocalGlobe. Quadrupling revenues in four years, launching a successful AI software offering and becoming a unicorn – this is a great outcome for Faculty and showcases the strength of the UK’s AI ecosystem. Accenture now gives Faculty a global platform to industrialise applied AI for the world’s largest organisations.”

Faculty would like to extend our deep gratitude to Apax, LocalGlobe, our seed stage investors – Mercuri, Metaplanet, and RockSpring, and our long list of angel investors, who have all helped us along the way.

Goldman Sachs International served as sole financial advisor and Simpson Thacher & Bartlett LLP as legal advisor to Faculty, and Slaughter and May as legal advisor to management.

Completion of the acquisition is subject to customary closing conditions, including required regulatory approvals. Terms of the transaction were not disclosed.

OneStream Enters into Definitive Agreement to be Acquired by Hg for $6.4 Billion

KKR

BIRMINGHAM, Mich., Jan. 6, 2026 /PRNewswire/ — OneStream, Inc. (Nasdaq: OS) (“OneStream” or the “Company”), the leading enterprise Finance management platform that modernizes the Office of the CFO by unifying core Finance and operational functions – including financial close, consolidation, reporting, planning and forecasting – today announced that it has entered into a definitive agreement to be acquired by Hg, a leading investor in software, services and data businesses. The all-cash transaction values OneStream at approximately $6.4 billion in equity value. Hg will be OneStream’s majority voting shareholder. General Atlantic, a leading global investor, will also be a significant minority investor alongside Tidemark, a leading technology investment firm.

Under the terms of the agreement, OneStream shareholders will receive $24.00 per share in cash. The per-share purchase price represents a 31% premium to OneStream’s closing share price on January 5, 2026 and a 27% premium to its volume-weighted average share price over the 30-trading day period ending the same date. An entity controlled by Hg will acquire all outstanding shares, including those shares owned by investment funds managed by KKR, a leading global investment firm, which took OneStream public in 2024. The transaction is expected to close in the first half of 2026. Upon completion of the transaction, OneStream will become a privately held company. Hg will invest in OneStream from its Saturn Fund.

“Today marks a pivotal moment for OneStream and our vision to be the operating system for modern Finance,” said Tom Shea, CEO of OneStream. “The Office of the CFO is at a critical AI inflection point, and we believe OneStream is well positioned for this shift. As we build on our strong foundation of growth, we are thrilled to partner with the teams at Hg, General Atlantic and Tidemark. Through this partnership, we are able to significantly advance our AI-first go-to-market strategy and expand our Finance AI capabilities at a rapid pace. This transaction delivers immediate value to our shareholders and is a vote of confidence in our strategy, our talented employees and our partner ecosystem. We look forward to having the ability to move faster, think bigger and deliver more for our forward-thinking Finance customers.”

“With over $4.5 billion invested in providers that serve the Office of the CFO to date, we understand the tremendous opportunity for OneStream, as technology and industry trends continue to place increasing demands on Finance teams,” said Alan Cline, Partner and Head of North America at Hg. “To meet this need, OneStream’s powerful AI differentiation, strong global customer base and clear vision for the future of modern Finance make it a leading enterprise provider in this space and exceptionally well positioned for the future.”

“We’re excited to support Tom and the OneStream team,” added Joe Jefferies, Partner at Hg. “We will seek to preserve the strong customer focus and entrepreneurial culture that have been central to their success, while bringing Hg’s deep expertise in scaling software businesses. This includes support from our AI team of over 100 specialists and supporting partnerships, as well as Hg Catalyst, our dedicated AI incubator designed to accelerate AI product innovation across Hg’s portfolio.”

“OneStream is reimagining enterprise Finance with an AI-focused, multi-product platform that provides immense value to the Office of the CFO,” added Jimmy Miele, Managing Director at General Atlantic. “We look forward to accelerating OneStream’s growth and innovation alongside Hg and Tidemark.”

“We are incredibly proud of what the OneStream team has been able to achieve over the course of our strategic partnership and the role that it has been able to establish as a trusted partner to global enterprises,” said Dave Welsh, Partner at KKR and Head of TMT Growth Equity. “With a category-leading platform and clear vision for the future, we see strong momentum for its next chapter with Hg, Tidemark and General Atlantic.”

Transaction Details

The transaction, which has been unanimously approved by OneStream’s Board of Directors, is expected to close in the first half of 2026, subject to the receipt of required regulatory approvals and the satisfaction of other customary closing conditions. KKR, in its capacity as the holder of a majority of OneStream’s voting power, has approved the transaction. No further approval of OneStream’s stockholders is required or will be sought.

Upon completion of the transaction, OneStream’s Class A common stock will no longer be listed or traded on any public stock exchange.

Mr. Shea will continue to serve as CEO, and the current leadership team will remain in place. OneStream will maintain its headquarters in Birmingham, Michigan.

Fourth Quarter and Fiscal Year 2025 Earnings Results

The Company plans to release its fourth quarter and fiscal year 2025 results in February 2026. In light of the pending transaction announced today, the Company does not expect to hold a corresponding conference call.

Advisors

J.P. Morgan Securities LLC is acting as financial advisor and provided a fairness opinion to OneStream, and Centerview Partners LLC provided a fairness opinion. Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as legal advisor, and FGS Global is serving as strategic communications advisor to OneStream. Goldman Sachs & Co. LLC is serving as exclusive financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to Hg. Jones Day is serving as legal advisor to KKR. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as financing counsel to Hg. Deloitte & Touche LLP is providing financial & tax diligence, Bain & Company is providing commercial & technological diligence and Cruxy & Company is providing product strategy diligence, to Hg.

About OneStream

OneStream is how today’s Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It’s the leading enterprise Finance platform that unifies financial and operational data, embeds AI for better decisions and productivity and empowers the CFO to become a critical driver of business strategy and execution.

We deliver a comprehensive cloud-based platform to modernize the Office of the CFO. Our Digital Finance Cloud unifies core financial and broader operational data and processes and embeds AI for better planning and forecasting, with an extensible architecture, so customers can adopt and develop new solutions, achieving greater value as their business needs evolve.

With over 1,700 customers, including 18% of the Fortune 500, a strong ecosystem of go-to-market, implementation, and development partners and 1,600 employees, our vision is to be the operating system for modern Finance. To learn more, visit onestream.com.

About Hg

Hg is the leading investor in European and transatlantic software and services businesses. Hg helps to build sector-leading enterprises that supply critical software applications or workflow services to deliver intelligent automation for their customers. Hg takes an active approach to value creation, combining deep end-market knowledge with world class operational resources to provide compelling support to entrepreneurial leaders looking to scale enduring businesses. With a vast European network and strong presence across North America, Hg has approximately $100 billion in assets under management and more than 400 employees. Hg’s portfolio spans more than 55 companies worth over $185 billion in aggregate enterprise value, employing more than 130,000 people and consistently growing revenues at more than 20% annually.

About General Atlantic

General Atlantic is a leading global investor with more than four and a half decades of experience providing capital and strategic support for over 830 companies throughout its history. Established in 1980, General Atlantic continues to be a dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure strategies. General Atlantic manages approximately $118 billion in assets under management, inclusive of all strategies, as of September 30, 2025, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: www.generalatlantic.com.

About Tidemark

Tidemark is a growth equity firm purpose-built to help companies win and scale. Tidemark is powered by a community of investors, entrepreneurs, and operators who are energized by ideas, a love of competition, and the drive to give back. We give 10% of our profits to our foundation, Tidemark10, to support the communities we serve. For more information, visit www.tidemarkcap.com

Contacts

OneStream

Investor Contact
Anne Leschin
VP, Investor Relations and Strategic Finance
OneStream
investors@onestreamsoftware.com

Media Contact
Victoria Borges
VP, Corporate Communications
OneStream
media@onestreamsoftware.com

Hg

Media Contact
Tom Eckersley
tom.eckersley@hgcapital.com

General Atlantic

Media Contact
Emily Japlon & Sara Widmann
media@generalatlantic.com

Forward-Looking Statements

Certain statements contained in this communication may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially.

Statements in this communication regarding OneStream that are forward-looking may include statements regarding: (i) the transaction; (ii) the expected timing of the closing of the transaction; (iii) considerations taken into account in approving and entering into the transaction; (iv) the anticipated benefits to, or impact of, the transaction on OneStream’s business; and (v) expectations for OneStream following the closing of the transaction. There can be no assurance that the transaction will be consummated.

Risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, in addition to those identified above, include: (i) the possibility that the conditions to the closing of the transaction are not satisfied, including the risk that required regulatory approvals to consummate the transaction are not obtained, on a timely basis or at all; (ii) the occurrence of any event, change or other circumstance that could give rise to a right to terminate the transaction, including in circumstances requiring OneStream to pay a termination fee to Hg; (iii) possible disruption related to the transaction to OneStream’s current plans, operations and business relationships, including through the loss of customers and employees; (iv) the amount of the costs, fees, expenses and other charges incurred by OneStream related to the transaction; (v) the risk that OneStream’s stock price may fluctuate during the pendency of the transaction and may decline if the transaction is not completed; (vi) the diversion of OneStream management’s time and attention from ongoing business operations and opportunities; (vii) the response of competitors and other market participants to the transaction; (viii) potential litigation relating to the transaction; (ix) uncertainty as to timing of completion of the transaction and the ability of each party to consummate the transaction; and (x) other risks and uncertainties detailed in the periodic reports that OneStream filed with the Securities and Exchange Commission, including OneStream’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

All forward-looking statements in this communication are based on information available to OneStream as of the date of this communication, and, except as required by law, OneStream does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

SOURCE OneStream, Inc.

 

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Apollo to Announce Fourth Quarter and Full Year 2025 Financial Results on February 9, 2026

Apollo logo

NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) plans to release financial results for the fourth quarter and full year 2025 on Monday, February 9, 2026, before the opening of trading on the New York Stock Exchange. Management will review Apollo’s financial results at 8:30 am ET via public webcast available on Apollo’s Investor Relations website at ir.apollo.com. A replay will be available one hour after the event.

Apollo distributes its earnings releases via its website and email lists. Those interested in receiving firm updates by email can sign up for them here.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2025, Apollo had approximately $908 billion of assets under management. To learn more, please visit www.apollo.com.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

Categories: News

OneStream enters into definitive agreement to be acquired by Hg for $6.4 billion

HG Capital

 • 5 minute read

The full announcement can be found here.

BIRMINGHAM, Mich., January 6, 2026 – OneStream, Inc. (Nasdaq: OS) (“OneStream” or the “Company”), the leading enterprise Finance management platform that modernizes the Office of the CFO by unifying core Finance and operational functions – including financial close, consolidation, reporting, planning and forecasting – today announced that it has entered into a definitive agreement to be acquired by Hg, a leading investor in software, services and data businesses. The all-cash transaction values OneStream at approximately $6.4 billion in equity value. Hg will be OneStream’s majority voting shareholder. General Atlantic, a leading global investor, will also be a significant minority investor alongside Tidemark, a leading technology investment firm.

Under the terms of the agreement, OneStream shareholders will receive $24.00 per share in cash. The per-share purchase price represents a 31% premium to OneStream’s closing share price on January 5, 2026 and a 27% premium to its volume-weighted average share price over the 30-trading day period ending the same date. An entity controlled by Hg will acquire all outstanding shares, including those shares owned by investment funds managed by KKR, a leading global investment firm, which took OneStream public in 2024. The transaction is expected to close in the first half of 2026. Upon completion of the transaction, OneStream will become a privately held company. Hg will invest in OneStream from its Saturn Fund.

“Today marks a pivotal moment for OneStream and our vision to be the operating system for modern Finance,” said Tom Shea, CEO of OneStream. “The Office of the CFO is at a critical AI inflection point, and we believe OneStream is well positioned for this shift. As we build on our strong foundation of growth, we are thrilled to partner with the teams at Hg, General Atlantic and Tidemark. Through this partnership, we are able to significantly advance our AI-first go-to-market strategy and expand our Finance AI capabilities at a rapid pace. This transaction delivers immediate value to our shareholders and is a vote of confidence in our strategy, our talented employees and our partner ecosystem. We look forward to having the ability to move faster, think bigger and deliver more for our forward-thinking Finance customers”

“With over $4.5 billion invested in providers that serve the Office of the CFO to date, we understand the tremendous opportunity for OneStream, as technology and industry trends continue to place increasing demands on Finance teams,” said Alan ClinePartner and Head of North America at Hg. “To meet this need, OneStream’s powerful AI differentiation, strong global customer base and clear vision for the future of modern Finance make it a leading enterprise provider in this space and exceptionally well positioned for the future.”

“We’re excited to support Tom and the OneStream team,” added Joe Jefferies, Partner at Hg. “We will seek to preserve the strong customer focus and entrepreneurial culture that have been central to their success, while bringing Hg’s deep expertise in scaling software businesses. This includes support from our AI team of over 100 specialists and supporting partnerships, as well as Hg Catalyst, our dedicated AI incubator designed to accelerate AI product innovation across Hg’s portfolio.”

“OneStream is reimagining enterprise Finance with an AI-focused, multi-product platform that provides immense value to the Office of the CFO,” added Jimmy Miele, Managing Director at General Atlantic. “We look forward to accelerating OneStream’s growth and innovation alongside Hg and Tidemark.”


Transaction Details

The transaction, which has been unanimously approved by OneStream’s Board of Directors, is expected to close in the first half of 2026, subject to the receipt of required regulatory approvals and the satisfaction of other customary closing conditions. KKR, in its capacity as the holder of a majority of OneStream’s voting power, has approved the transaction. No further approval of OneStream’s stockholders is required or will be sought.

Upon completion of the transaction, OneStream’s Class A common stock will no longer be listed or traded on any public stock exchange.

Mr. Shea will continue to serve as CEO, and the current leadership team will remain in place. OneStream will maintain its headquarters in Birmingham, Michigan.

Advisors

J.P. Morgan Securities LLC is acting as lead financial advisor and provided a fairness opinion to OneStream, and Centerview Partners LLC also provided financial advice to OneStream. Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as legal advisor, and FGS Global is serving as strategic communications advisor to OneStream. Goldman Sachs & Co. LLC is serving as exclusive financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to Hg.

About OneStream

OneStream is how today’s Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It’s the leading enterprise Finance platform that unifies financial and operational data, embeds AI for better decisions and productivity and empowers the CFO to become a critical driver of business strategy and execution.

We deliver a comprehensive cloud-based platform to modernize the Office of the CFO. Our Digital Finance Cloud unifies core financial and broader operational data and processes and embeds AI for better planning and forecasting, with an extensible architecture, so customers can adopt and develop new solutions, achieving greater value as their business needs evolve.

With over 1,700 customers, including 18% of the Fortune 500, a strong ecosystem of go-to-market, implementation, and development partners and 1,600 employees, our vision is to be the operating system for modern Finance. To learn more, visit onestream.com.

About Hg

Hg is the leading investor in European and transatlantic software and services businesses. We help to build sector-leading enterprises that supply critical software applications or workflow services to deliver intelligent automation for their customers. We take an active approach to value creation, combining deep end-market knowledge with world class operational resources to provide compelling support to entrepreneurial leaders looking to scale enduring businesses. With a vast European network and strong presence across North America, Hg has approximately $100 billion in assets under management and more than 400 employees. Our portfolio spans more than 55 companies worth over $185 billion in aggregate enterprise value, employing more than 130,000 people and consistently growing revenues at more than 20% annually.

About General Atlantic

General Atlantic is a leading global investor with more than four and a half decades of experience providing capital and strategic support for over 830 companies throughout its history. Established in 1980, General Atlantic continues to be a dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure strategies. General Atlantic manages approximately $118 billion in assets under management, inclusive of all strategies, as of September 30, 2025, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: www.generalatlantic.com.

About Tidemark

Tidemark is a growth equity firm purpose-built to help companies win and scale. Tidemark is powered by a community of investors, entrepreneurs, and operators who are energized by ideas, a love of competition, and the drive to give back. We give 10% of our profits to our foundation, Tidemark10, to support the communities we serve. For more information, visit www.tidemarkcap.com

Contacts

OneStream

Investor Contact
Anne Leschin
VP, Investor Relations and Strategic Finance
OneStream
investors@onestreamsoftware.com

Media Contact
Victoria Borges
VP, Corporate Communications
OneStream
media@onestreamsoftware.com

Hg

Media Contact
Tom Eckersley
tom.eckersley@hgcapital.com

General Atlantic

Media Contact
Emily Japlon & Sara Widmann
media@generalatlantic.com

Forward-Looking Statements

Certain statements contained in this communication may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially.

Statements in this communication regarding OneStream that are forward-looking may include statements regarding: (i) the transaction; (ii) the expected timing of the closing of the transaction; (iii) considerations taken into account in approving and entering into the transaction; (iv) the anticipated benefits to, or impact of, the transaction on OneStream’s business; and (v) expectations for OneStream following the closing of the transaction. There can be no assurance that the transaction will be consummated.

Risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, in addition to those identified above, include: (i) the possibility that the conditions to the closing of the transaction are not satisfied, including the risk that required regulatory approvals to consummate the transaction are not obtained, on a timely basis or at all; (ii) the occurrence of any event, change or other circumstance that could give rise to a right to terminate the transaction, including in circumstances requiring OneStream to pay a termination fee to Hg; (iii) possible disruption related to the transaction to OneStream’s current plans, operations and business relationships, including through the loss of customers and employees; (iv) the amount of the costs, fees, expenses and other charges incurred by OneStream related to the transaction; (v) the risk that OneStream’s stock price may fluctuate during the pendency of the transaction and may decline if the transaction is not completed; (vi) the diversion of OneStream management’s time and attention from ongoing business operations and opportunities; (vii) the response of competitors and other market participants to the transaction; (viii) potential litigation relating to the transaction; (ix) uncertainty as to timing of completion of the transaction and the ability of each party to consummate the transaction; and (x) other risks and uncertainties detailed in the periodic reports that OneStream filed with the Securities and Exchange Commission, including OneStream’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

All forward-looking statements in this communication are based on information available to OneStream as of the date of this communication, and, except as required by law, OneStream does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

  

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AnywhereNow Announces the Sale of IQ Messenger to Main Capital Partners

Bregal Milestone

The sale to Main Capital Partners will enable accelerated international growth for IQ Messenger, while allowing AnywhereNow to focus on its core Customer Experience SaaS activities.

Anywhere365 Group B.V. (“AnywhereNow”), a global pioneer and innovator in AI-first customer experience solutions today announced the decision to sell IQ Messenger (“IQM”), a leading provider of a vendor-neutral critical communication platform for healthcare institutions, to Main Capital Partners (“Main”). Terms of the transaction were not disclosed and the acquisition is subject to customary approvals and completion of the consultation process with the works council of AnywhereNow.

AnywhereNow helps brands deliver exceptional customer experiences through enhanced engagement, efficient workforce collaboration, AI-driven insights, Agentic AI platforms, and a full omni-channel service experience, leveraging the power of Teams and Azure Communication Services as well as considerable integrations including with SAP, Salesforce and ServiceNow. AnywhereNow is backed by Bregal Milestone, a leading software growth private equity firm, since late 2019. As part of the partnership, AnywhereNow has completed 5 acquisitions in recent years, including IQM in late 2019.

The sale of IQM is aligned with AnywhereNow’s strategy, which is focused on its core corporate Customer Experience SaaS platform, and crystallises significant value of AnywhereNow whilst allowing IQM to accelerate its growth journey via the backing from Main, a leading software investment firm with extensive experience in healthcare software. Main will help IQM drive continued innovation to create value for its customers, while maintaining a strong emphasis on customer satisfaction. Main will also support an ambitious strategy to accelerate (international) expansion through both organic growth and a targeted buy-and-build approach.

“The sale of IQM is a key milestone for AnywhereNow and allows us to exclusively focus on our fast-growing corporate Customer Experience SaaS activities, customers and product roadmap. We’re very proud of the journey achieved with IQM in recent years and believe that Main is the best possible partner for IQM and will help unlock its full growth potential.”

Will Blench

CEO – AnywhereNow

Lazard is acting as sole financial advisor and NautaDutilh is acting as sole legal advisor to AnywhereNow in connection with the transaction.

About AnywhereNow 

Founded in 2010, AnywhereNow is a Netherlands-headquartered and fast-growing provider of Customer Experience SaaS solutions. AnywhereNow empowers voice and digital dialogues for organisations worldwide and brings to life Agentic AI platforms for increased productivity and effectiveness. AnywhereNow’s products are award-winning, recognised by industry analysts, and trusted by over 2,000 global customers, including Rabobank, DHL, Emirates, KPMG, Swarovski, Mazda, Deloitte, Aldi, Vodafone and Zeiss. For more information, please visit Anywhere.now.

About Bregal Milestone 

Bregal Milestone is a leading software private equity firm with c.€1.7 billion of capital raised since inception. The firm provides growth capital and operational support to build market-leading software companies. Bregal Milestone is part of Bregal Investments, a leading global investment platform with assets under management of over €19 billion. Bregal Milestone was recognized by GrowthCap as one of the Top Private Equity Firms of 2025. For more information, please visit www.bregalmilestone.com.

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Flexera Acquires ProsperOps and Chaos Genius to Expand its FinOps Solution with Agentic and AI-Enabled Cost Optimization

Thomabravo

Itasca, IL—Flexera, the global leader in technology spend and risk intelligence, today announced two major moves in its continued expansion in FinOps. It has acquired ProsperOps, an AI-enabled FinOps automation solution for public cloud, and Chaos Genius, a fast-growing innovator in AI-driven cost optimization for Snowflake and Databricks.

These strategic additions augment Flexera’s capabilities to deliver the most comprehensive, intelligent, and autonomous FinOps solution on the market including cost reporting and allocation, workload optimization, and rate optimization. They also expand Flexera’s product reach into the emerging areas of FinOps for AI and FinOps for Data Clouds.

ProsperOps brings an autonomous approach to managing cloud commitments across AWS, Azure, and Google Cloud, helping enterprises move beyond passive recommendations and into active savings outcomes. ProsperOps extends Flexera’s FinOps for AI capabilities and supports finance, engineering, and procurement teams with intelligent automation that takes action without human intervention. As a Flexera company, ProsperOps, growing more than 90% with $6B of annual cloud usage under management, will continue operating under its own brand to ensure continuity for customers and partners while integrating complementary Flexera FinOps features.

“As enterprises adopt AI across their infrastructure, the need for intelligent, automated execution has never been greater,” said Jim Ryan, CEO of Flexera. “ProsperOps strengthens our ability to deliver on that promise, helping organizations govern cloud spend with precision and scale outcomes that were previously out of reach.”

“ProsperOps was founded on the belief that many of the critical cloud cost optimization use cases, particularly rate optimization, could be delivered through AI-enabled management. As the market matures, customers are asking for more than point solutions; they want unified rate optimization, workload optimization, and cost visibility,” said Chris Cochran, CEO and Co-Founder of ProsperOps. “Together, we are uniquely positioned to deliver the comprehensive FinOps platform organizations have been asking for.”

Another fast-growing challenge in cloud spend management is the runaway costs of Snowflake and Databricks, as data analytics and AI workloads scale rapidly. Chaos Genius delivers agentic-based FinOps for AI that autonomously optimizes inefficient usage across Snowflake and Databricks and has already helped Fortune 500 enterprises reduce costs by up to 30%.

“Chaos Genius brings the autonomous automation through agentic AI for Snowflake and Databricks optimization that our customers and partners need,” said Jim Ryan, CEO of Flexera. “It delivers real-time intelligence and control that puts them back in command of their cloud and AI investments.”

“Joining Flexera allows us to scale our impact globally and empower more organizations to govern data cloud costs amid exponential AI growth,” said Preeti Shrimal, CEO of Chaos Genius.

Flexera is accelerating toward a unified FinOps future as cloud costs surge and AI reshapes enterprise technology strategy. The additions of ProsperOps and Chaos Genius build on Flexera’s integration of Spot and Snow, reinforcing its position as the only provider with comprehensive capabilities across the entire FinOps Framework as defined by the FinOps Foundation.

“Organizations need more than dashboards. They need execution,” added Ryan. “With ProsperOps and Chaos Genius, Flexera delivers the AI-powered execution layer for modern FinOps.”

About Flexera

Flexera helps organizations understand and maximize the value of their technology, saving billions of dollars in wasted spend. Powered by the Flexera Technology Intelligence Platform, our award-winning IT asset management, FinOps and SaaS management solutions provide comprehensive visibility and actionable insights on an organization’s entire IT ecosystem. This intelligence enables IT, finance, procurement and cloud teams to address skyrocketing costs, optimize spend, mitigate risk and identify opportunities to create positive business outcomes. More than 50,000 global organizations rely on Flexera and its Technopedia reference library, the largest repository of technology asset data. Learn more at flexera.com.

About ProsperOps

ProsperOps is the leading FinOps Automation Platform for cloud cost optimization on Amazon Web Services (AWS), Google Cloud, and Microsoft Azure. Eliminating waste and achieving cost savings goals is challenging when cloud usage is dynamic but commitments are manual. Founded in 2018, ProsperOps automates and synchronizes rate optimization with workload optimization, eliminating waste, reducing costs and risk, and improving efficiency for FinOps teams. With ProsperOps, customers achieve world-class Effective Savings Rates, lower Commitment Lock-In Risk, and maximum flexibility. ProsperOps autonomously manages $6 billion of annual cloud usage and has generated over $3 billion of lifetime savings.

About Chaos Genius

Chaos Genius is a leading Data FinOps platform focused on optimizing costs across modern data clouds, including Snowflake and Databricks. The platform combines granular spend observability with intelligent recommendations and Autonomous Agents to optimize Data and AI costs. Trusted by Fortune 500 enterprises and fast-growing startups alike, Chaos Genius helps organizations reduce data cloud waste through instance right-sizing, workload optimization, and autonomous cost-saving agents—without compromising performance or innovation.

Read the release on the Flexera website here.

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Interpath to partner with Bridgepoint to accelerate global growth

Bridgepoint

Interpath, the international financial advisory firm, has today announced that Bridgepoint, one of the world’s leading mid-market investors, has entered into exclusive negotiations to acquire a majority stake in the business, as Interpath embarks on the next phase of its growth journey.

The potential transaction would mark a successful exit for H.I.G. Capital, which has supported the business since its carve-out from KPMG UK in 2021. Terms of the potential transaction were not  disclosed.

Since becoming an independent business, Interpath has rapidly established itself as a leading UK-headquartered advisory platform, providing multi-service Office of the CFO support across restructuring and turnaround, deals and broader advisory services to corporates, private equity sponsors, lenders and other stakeholders.

Interpath employs over 1,000 professionals globally across 12 countries including the UK, Ireland, France, Germany, Spain, the Caribbean and Hong Kong. It is led by an experienced senior management team, which will continue to lead the business following completion.

Since the carve-out, Interpath has delivered strong performance, underpinned by increased demand for its portfolio of services and its ability to attract and retain top talent. The business has more than doubled EBITDA and continues to deliver strong revenue growth, reflecting both market conditions and the strength of its platform, people and client relationships.

Interpath operates at the intersection of several very large and attractive markets. Its heritage in restructuring and turnaround, a truly technical discipline with high entry barriers and counter-cyclical resilience, is coupled with its complementary and rapidly expanding deals and advisory practice offering significant long-term growth opportunities as organisations increasingly seek independent, conflict-free advice.

With Bridgepoint’s support, Interpath will focus on accelerating its international expansion, continuing to attract and retain top talent, broadening its service offering across existing and new geographies, and selectively pursuing strategic acquisitions to further strengthen its platform.

The new partnership stands to benefit from Bridgepoint’s deep expertise in working with global professional services platforms, where the firm has a long track record of backing high-quality, specialist, people-led companies that start with a strong European base and helping them expand globally by attracting new talent and through M&A. Bridgepoint has previously or currently supports a significant number of professional services firms including Alpha FMC, HKA, HT Digital, Analysys Mason, Argon & Co, Forward Global and ERM.

Mark Raddan, CEO of Interpath, commented: “Today marks an exciting new chapter for Interpath as we embark on a new partnership with Bridgepoint. Not only does the team believe in our ambition, but they also share the values and culture that define who we are.

“Their investment will empower us to continue attracting exceptional talent and accelerate our expansion into new geographies across Europe, the Americas, and Asia. We are confident that with their support, we can build on our achievements, create even greater opportunities for our people, and deliver enhanced value to our clients.”

Mark Raddan added: “We are incredibly grateful to H.I.G. for their trust, support and belief in Interpath over the past five years. They backed our vision wholeheartedly – first, by helping us to establish strong foundations following our carve-out, and then by supporting us as we scaled both our international footprint and the services we provide.”

Charles Welham, Partner and Sector Head for Business & Financial Services at Bridgepoint, commented: “Interpath is a high-quality, differentiated advisory platform with a unique culture, operating in a growing market with significant opportunity for further share gains.

What excites us most is the opportunity to support its exceptional base of talent and, by enhancing its distinctive people proposition, accelerate the pace at which more leading professionals in their fields join the Interpath platform.

We are thrilled to partner with Interpath’s outstanding leadership team as they enter their next phase of growth — building a more international and diversified business, and continuing to win share from more constrained and conflicted competitors.”

Nishant Nayyar, Managing Director at H.I.G. Capital, commented: “When we established Interpath five years ago our ambition was to build the leading UK restructuring and financial advisory firm under a world-class management team. We are proud to have supported the Company’s strong growth, geographic expansion and diversification during our ownership. We are grateful to our Chair, Tamara Box, and the late John Connolly for their important contributions, and we commend Mark and the broader management team for what they have built. We look forward to Interpath’s continued success in its next chapter.”

The potential transaction is subject to customary closing conditions and regulatory approvals, and the completion of information and consultation processes with employee representatives where necessary, and is expected to complete in late Q2 or Q3 2026.

Interpath were advised by Moelis & Company (Financial Advisor), Simpson Thacher & Bartlett (Legal Advisor), PwC (Financial & Tax Due Diligence), OC&C (Commercial Due Diligence), Milbank (Management Legal Counsel). Jamieson (Management Incentive Plan) and iPsychTec (Culture).

Bridgepoint was advised by Goldman Sachs International and Jefferies International (Lead Financial Advisors), Latham & Watkins (Legal Advisor), BCG (Commercial Due Diligence), EY Parthenon (Financial, Tax, IT & Cyber and ESG Due Diligence) and Singulier (AI Due Diligence).

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iD Fresh Food secures strategic investment from Apax Funds to accelerate growth in India and Gulf Markets

Apax

iD Fresh Food (“iD Fresh” or the “Company”), India’s leading clean label foods brand, today announced a strategic investment from Funds advised by Apax Partners LLP (“Apax”), the global private equity advisory firm. The Apax Funds will acquire a significant minority stake from existing shareholders Premji Invest and TPG NewQuest, both of which will remain investors alongside the Company’s co-founder, PC Musthafa, and the management team. Financial terms of the transaction were not disclosed.

Founded in 2005 in Bengaluru, iD Fresh was created to make fresh, preservative-free, traditionally prepared Indian food available at scale. From its origins supplying idli/dosa batter to local retailers, the Company pioneered a daily, direct-to-retailer cold-chain model that enables clean-label fresh products with a refrigerated shelf life of 5–7 days. Driven by strong consumer demand, iD Fresh has scaled to more than 50 cities across India and the Gulf and employs nearly 2,400 people today. Today, iD Fresh is India’s largest ready-to-cook fresh foods brand and the category leader in branded batter and Indian flatbreads, with an estimated 50–60% share in its core categories. Over the past few years, iD Fresh has demonstrated consistent and profitable growth, supported by double-digit EBITDA margins and overall growth of ~25%. Its portfolio includes Idli/Dosa batter, Indian flatbreads, accompaniments such as chutneys and sambar, and value-added dairy products.

PC Musthafa, co-founder & CEO of iD Fresh, said: “This partnership marks a defining moment in iD Fresh’s journey. From a modest batter-making unit to a brand trusted by millions of households, our growth has been anchored in one simple belief, that consumers deserve fresh, honest food with no shortcuts. The Apax Funds’ investment will allow us to accelerate growth, build capacity, broaden our product range, and scale into more cities and markets.”

Harjot Dhaliwal, Partner and Head of India at Apax, said: “iD Fresh has delivered strong, consistent growth in large, under-penetrated markets. We will work closely with the management team and leverage our consumer-packaged goods expertise to accelerate growth, including expanding distribution into new cities and channels, strengthening the brand through marketing and category-building, driving innovation in adjacent product categories, and using technology and analytics to optimise the Company’s fresh, daily-delivered supply chain.”

Rohan Haldea, Partner at Apax, said: “iD Fresh sits at the intersection of several powerful, long-term trends in India – rising incomes, rapid urbanisation, and consumers’ desire for convenient yet fresh, clean-label food at home. The Company has pioneered an innovative cold-chain model, built a brand that is synonymous with quality in its categories, and delivered strong, consistent growth while scaling profitability. With this investment, we are excited to partner with iD Fresh to support its next phase of growth in India and internationally.”

In the coming financial year, iD Fresh expects to build on its momentum through deeper penetration across domestic and international markets, new product innovations, accelerated channel expansion, and increasing consumer preference for fresh, convenient, clean-label food solutions.

The transaction is subject to customary regulatory approvals and closing conditions.

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