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ARCOS Announces New Strategic Growth Investment from Bain Capital

BainCapital

COLUMBUS, Ohio – June 10, 2025 – ARCOS® LLC, the leading field operations and workforce management solution provider for utilities and critical infrastructure industries, today announced a new strategic growth investment from Bain Capital. The partnership will support a variety of growth and product innovation initiatives across the business. Terms of the private transaction were not disclosed.

ARCOS is the only field workforce management system designed for utilities that integrates data from disparate systems of record to provide field workers and central operations real-time situational awareness, enabling them to safely and efficiently perform the full spectrum of field operations to manage both planned and unplanned field operations.  ARCOS’ AI-enabled software solutions are leveraged by customers from Fortune 150 energy companies to municipal utilities to power and transform their field management operations.

“Now more than ever utilities face increased strain on their grids as they address rising energy demands, climate change impacts, the integration of renewable energy sources and the replacement of aging infrastructure,” said Paul Bernard, CEO of ARCOS. “We are excited to continue to drive the digital transformation of the utility industry with our expanding suite of AI-powered, modern and mission-critical field operation solutions.” ARCOS’ recent acquisition of Clearion expands its capabilities into adjacent areas such as vegetation and asset management, strengthening its position as the most comprehensive field operations and workforce management platform for utilities. The partnership with Bain Capital will support continued investment in key products like Mobile Workbench, enhancing field crew productivity, while also enabling continued inorganic growth to further expand ARCOS’ platform capabilities.

“ARCOS provides an essential platform for modernizing how utilities respond to increasingly complex operational demands — from extreme weather to grid modernization and workforce constraints,” said Matt Evans, Partner at Bain Capital. “We are thrilled to partner with Vista and the ARCOS team to further accelerate innovation and build on the Company’s clear leadership in field operations technology during this next phase of growth. This investment is designed to provide a flexible capital solution to support ARCOS in further scaling its mission-critical impact.”

“ARCOS has established itself as a vital technology platform for the utilities and critical infrastructure industries by providing easy-to-use digital tools that help organize, automate and optimize their customers’ complex and variable field service operations,” said Martin Taylor, Co-Head of Vista’s Foundation Fund and Senior Managing Director. “We look forward to building on this momentum with Bain Capital and further strengthening ARCOS’ commitment to product and operational excellence.”

About ARCOS LLC
ARCOS provides innovative field workforce management solutions that help utilities and other critical infrastructure industries manage people, work, and assets in a single platform. ARCOS enables utilities to quickly mobilize personnel for blue and grey sky work, manage native and non-native crews in a single system, and accelerate operations with field mobility tools that deliver real-time situational awareness and significant productivity improvements. More than 200 utilities rely on ARCOS to advance safety, reduce field costs, and improve response times and customer satisfaction. To learn more, visit https://www.arcos-inc.com. Follow @ARCOS on LinkedIn.

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. Our Special Situations team focuses on capital solutions opportunities that provide companies flexible capital that meets their specific needs, coupled with deep operational, strategic and financial value-add capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.BainCapital.com. Follow @Bain Capital on LinkedIn and X (Twitter).

About Vista Equity Partners
Vista is a global technology investor that specializes in enterprise software. Vista’s private market strategies seek to deliver differentiated returns through a proprietary and systematic approach to value creation developed and refined over the course of 25 years and 600+ transactions. Today, Vista manages a diversified portfolio of software companies that provide mission-critical solutions to millions of customers around the world. As of December 31, 2024, Vista had more than $100 billion in assets under management. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity.

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Main Capital Partners acquires majority stake in CarWise & AutoDisk, market leader in integrated ERP software for leasing and car rental companies

Main Capital Partners
Main Capital Partners today announces the acquisition of CarWise and AutoDisk (collectively, “CarWise”), two integrated companies that hold a market-leading position in front-, mid- and back-office ERP solutions for the leasing and car rental sector in the Benelux.
Home / Knowledge / Press release / Main Capital Partners acquires majority stake in CarWise & AutoDisk, market leader in integrated ERP software for leasing and car rental companies

CarWise was founded in Almere in 1989 by brothers René and Roland Fabrie. AutoDisk followed in 1991, launched by Alain Snel and Klaas Steenstra in Haarlem. Close cooperation began in the 1990s, enabling companies to offer, for more than three decades, a single integrated, modular platform that supports the entire leasing and rental value chain. Over 370 organizations benefit from a seamlessly automated workflow encompassing every core process – from quotation and lease-price calculation, mobility budgeting, and contract and fleet management to invoicing and reporting – optimizing virtually all activities related to the renting, leasing and managing of vehicles.

With a team of about 65 professionals, a strong Benelux presence and a growing European footprint, CarWise is ready for a new phase of growth. Backed by Main, the company is well positioned to accelerate its European expansion strategy. Main and CarWise will jointly focus on further product innovation, internationalization, and enhancing customer experience through smart solutions for the leasing and rental markets. The founders of CarWise and AutoDisk will remain involved as shareholders in the business.

CarWise and AutoDisk unite front-, mid- and back-office solutions in a single modular suite, giving them a unique market position.”

– Sjoerd Aarts, Head of Benelux & Managing Partner at Main: Capital Partners

René Fabrie, Founder of CarWise: “Partnering with Main is a major milestone for us. We are proud of what we have built over the past 35 years, and we believe Main – together with the family and current management – is the right partner to take the company forward. Main brings extensive experience, deep local knowledge and a broad international network. We look forward to this collaboration with great confidence and enthusiasm.”

Alain Snel, Founder of AutoDisk: “We are delighted to share this news. In recent years we have already transferred operational responsibilities to Edwin Fhijnbeen, Vincent Stikkelorum and the broader management team. We are confident that, together with Main, they are well positioned to lead the company into its next phase, continuing to focus on innovation, customer experience and organizational development.”

Sjoerd Aarts, Head of Benelux & Managing Partner at Main Capital Partners: “CarWise and AutoDisk unite front-, mid- and back-office solutions in a single modular suite, giving them a unique market position. With a leading presence in the Benelux and operations in nine European countries, the company is ready for the next step in its growth strategy. We look forward to supporting Edwin, Vincent and the broader team in executing that strategy in the Benelux and across Europe.”

About CarWise & AutoDisk

CarWise and AutoDisk jointly offer a one-stop mobility solution that seamlessly integrates the core processes of leasing companies – from quotation and vehicle configuration to contract management, invoicing, fleet management and reporting – enabling leasing and rental firms to boost operational efficiency, ensure compliance and make faster strategic decisions.

Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.

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Foundation Software Acquires Vendrix, Inc.

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Strongsville, OH—Foundation Software, LLC, the nation’s leading provider of construction software and services, today announced its acquisition of Vendrix, Inc, a construction financial management platform offering corporate cards, expense management, AP automation and bill pay solutions.

Since its founding in 1985, Foundation Software has curated a product portfolio designed to ease the daily administrative tasks of commercial contractors across the United States. Beginning with their flagship accounting program, FOUNDATION®, the list of in-suite solutions has grown to include payroll, takeoff & estimating, field time tracking, safety management, project management, HR management and labor & resource allocation.

With the addition of Vendrix’s expense management and AP capabilities, Foundation Software now offers digital tools that cover nearly every stage of a construction project — giving contractors complete control throughout the project’s lifecycle.

“We’re constantly looking for technology to make our clients’ lives easier — whether through in-house software development or acquisitions —so when we started conversations with Vendrix and saw how well their business values and software operations fit into our platform, it just made sense,” said Mike Ode, CEO of Foundation Software. “Vendrix is construction-focused like us, and they handle an important part of the financial process that our users have been asking for. It has been our goal to build a comprehensive digital solution to cover the full lifecycle of a construction project and this acquisition helps us achieve just that. I can’t wait to see all the ways our clients benefit from this addition.”

The co-founders of Vendrix, David Stewart and Joe Turner, are also looking forward to the impact this acquisition will have on the industry: “We founded Vendrix with the vision of transforming back-office financial workflows for construction teams — bringing simplicity and efficiency to a historically complex and tedious process. Joining forces with Foundation Software is a natural next step. Their deep roots in construction, strong client relationships and comprehensive suite of tools make them an ideal partner to help advance our vision.”

Terms of the deal were not disclosed. Reed Smith served as legal advisors to Vendrix and Massumi + Consoli LLP served as legal advisor to Foundation Software.

Foundation Software, LLC

Foundation Software delivers job cost accounting, estimating and takeoff, project management, mobile applications, and payroll services, to help contractors run the business side of construction. For information, call (800) 246-0800 visit www.foundationsoft.com or email info@foundationsoft.com.

Read the release on the Foundation Software website here.

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PlayMetrics and Stack Sports Combine to Create Leader in Sports Software

Merger unites two industry innovators to meet customers’ evolving preferences and ushers in a new era for sports technology

RALEIGH, N.C., & DALLAS, JUNE 11, 2025—PlayMetrics, a leading provider of operations management software for youth sports organizations, and Stack Sports, a global technology leader for the sports industry, today announced their merger, creating a best-in-class platform in the sports management technology ecosystem. This strategic combination unites two highly complementary and trusted brands, augmenting PlayMetrics’ modern technology platform with the scale, reach, and capabilities of Stack Sports to better serve the evolving needs of sports organizations worldwide. Michael Doernberg, CEO of PlayMetrics, will lead the combined organization as CEO, and Jeff Young, CEO of Stack Sports, will transition to a strategic role as advisor to the board of directors.

Genstar Capital, a leading private equity firm, supported the combination and will be the majority owner of the combined company. As part of the transaction, Genstar acquired PlayMetrics from Blue Star Innovation Partners (“BSIP”), which had been the company’s lead investor since 2023.

PlayMetrics helps customers streamline and modernize every facet of their operations, serving over 2,700 youth sports organizations across a variety of sports. Following a successful expansion beyond its flagship club operating system into governing bodies, leagues, and tournaments – including the acquisition of Crossbar in 2023 – PlayMetrics has experienced unprecedented levels of growth and customer retention over the last few years. Stack Sports is a global technology leader in SaaS platform offerings for the sports industry.

“Sports organizations are increasingly seeking a single, cohesive platform to manage their daily operations and complex business needs,” said Mr. Doernberg. “PlayMetrics has been transformational in delivering a one-stop solution for members, coaches, directors, and administrators. By joining forces with Stack Sports, we further enhance our ability to serve our customers with innovative, reliable, and intuitive software.”

“This merger marks an exciting new chapter for the sports technology industry,” said Mr. Young. “We have long admired the PlayMetrics brand, and by combining our strengths, we will accelerate the speed at which new products are released, customer service is delivered, and industry relationships are forged.”

“The combination of PlayMetrics and Stack Sports creates one of the largest sports technology platforms delivering comprehensive, market-leading solutions to clubs, leagues, tournaments, state associations, and governing bodies,” said Eli Weiss, Managing Partner of Genstar. “We are thrilled to support this transformative combination.”

“We are incredibly proud of what the PlayMetrics team has accomplished under Mike’s visionary leadership,” said Dan Wechsler, CEO of BSIP. “Together, we transformed PlayMetrics from a promising software platform into a market leader in sports management technology, delivering significant value for our investors and customers. Mike and his team’s dedication to innovation and customer success were key drivers, and we wish them all the best as they embark on their next chapter.”

Ropes & Gray acted as legal counsel and Lazard acted as financial advisor to Genstar. Weil, Gotshal & Manges LLP acted as legal counsel and William Blair acted as financial advisor to BSIP.

About PlayMetrics

PlayMetrics, the most user-friendly and intuitive Operating System in youth sports, is purpose-built to simplify the unique complexities of running a club, league, tournament, or governing body. Trusted by forward-thinking leaders across a variety of sports, PlayMetrics empowers directors, coaches, administrators, and player families to modernize their daily operations with unified financial, operational, coaching, and communication tools. Learn more at https://home.playmetrics.com/.

About Stack Sports

Stack Sports provides world-class software and services to support national governing bodies, youth sports associations, leagues, clubs, parents, coaches, and athletes. Some of the largest and most prominent sports organizations, including the U.S. Soccer Federation, Little League Baseball and Softball, and Pop Warner Little Scholars, rely on Stack Sports technology to run and manage their organizations.

Stack Sports is headquartered in Dallas and is leading the industry one team at a time focusing on four key pillars — Grassroots Engagement, Participation Growth, Recruiting Pathways, and Elite Player Development. To learn more about how Stack Sports is transforming the sports experience, please visit https://stacksports.com/.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high-quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $50 billion of assets under management and targets investments focused on targeted segments of the financial services, software, healthcare, and industrials industries.

About Blue Star Innovation Partners

Blue Star Innovation Partners is a Dallas, Texas based growth equity firm built by founders, for founders. Our team brings decades of experience scaling software, payments, and fintech businesses, giving us a unique advantage on the challenges and opportunities that founders face. We’re currently investing out of our third fund, leveraging our proven track record to help management teams accelerate growth and build category leaders. Learn more at https://www.bsipgp.com/.

Contacts

For Genstar, PlayMetrics, or Stack Sports:
FGS Global
GenstarCapital@fgsglobal.com

For Blue Star Innovation Partners:
Info@bluestarinnovationpartners.com

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NextGen Healthcare Welcomes Madison Dearborn Partners as New Investment Partner and Announces Planned Leadership Succession

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MDP Completes Acquisition of Significant Ownership Position in NextGen Healthcare and Partners with Thoma Bravo and Company Management to Accelerate NextGen Healthcare’s Growth

NextGen Healthcare President and COO Srinivas (Sri) Velamoor will Succeed David Sides as CEO after Planned Transition Period; Sides will Continue to Serve on Board of Directors and Remain Material Investor

CHICAGO & SAN FRANCISCO & REMOTE-FIRST COMPANY—NextGen Healthcare, Inc. (“NextGen Healthcare” or the “Company”), a leading provider of innovative, cloud-based healthcare technology solutions, today announced that funds affiliated with Madison Dearborn Partners, LLC (“MDP”), a leading private equity investment firm based in Chicago, have completed their acquisition of a significant ownership position in NextGen Healthcare. Thoma Bravo, a leading software investment firm, retains a significant ownership position in NextGen Healthcare. MDP will partner with Thoma Bravo and Company management to accelerate NextGen Healthcare’s growth.

Since acquiring NextGen Healthcare in a take-private transaction in 2023, Thoma Bravo has helped the Company modernize and enhance its capabilities, solutions, and operating structure to enhance the client experience. As partners, MDP and Thoma Bravo plan to jointly underwrite a material increase in annual R&D investment over the next three years and work with NextGen Healthcare’s leadership team to accelerate the delivery of best-in-class solutions and services to more healthcare clients.

NextGen Healthcare also announced that its Board of Directors has appointed NextGen Healthcare’s President and Chief Operating Officer Srinivas (Sri) Velamoor, as Chief Executive Officer, effective following a planned transition period. Velamoor will succeed David Sides, who will continue to serve on the Board and remain a material investor in NextGen Healthcare. Sides will work closely with Velamoor to ensure a seamless transition and will continue to support the Company’s strategic priorities throughout the transition period and beyond. Velamoor has been instrumental in driving NextGen Healthcare’s growth and innovation agenda in his current role and will assume full responsibility for leading the Company through its continued expansion and development, which is underpinned by the increased investment and ongoing support from MDP and Thoma Bravo.

The choice to elevate an established industry leader and company insider through a thoughtful and seamless transition process reflects the continued commitment of the NextGen Healthcare Board and leadership team to sustaining the Company’s growth and performance momentum and delivering market-leading services to clients.

“It has been an honor to work alongside Sri in leading NextGen Healthcare through its transformation the last several years. I am grateful to our entire NextGen Healthcare team and to our clients for their trust and partnership,” said Sides. “I am excited to support Sri as he takes the reins and leads us into this next phase of accelerating growth and impact for our clients in partnership with MDP and Thoma Bravo.”

“Our investment strategy centers around partnership with management. When we invested in NextGen Healthcare it was apparent to us how integral Sri has been to all aspects of the Company’s success. The succession announcement today is a natural progression from his previous leadership roles with the Company,” said Peter Hernandez, a Senior Vice President at Thoma Bravo. “We are excited for this next chapter with Sri at the helm, and we are pleased that David will continue to play an important role in the success of NextGen Healthcare as a member of the Board.”

“David’s vision and leadership have been instrumental in further cementing NextGen Healthcare as a category leader in the ambulatory Electronic Health Record space,” said Jason Shideler, Partner and Co-Head of Healthcare at MDP. “We are excited to partner with him and Sri to implement a succession plan for the Company and its clients as NextGen Healthcare continuously builds momentum and delivers market leading solutions and a world class service experience.”

“We are excited to welcome the MDP team as strategic partners and look forward to continuing to work with Sri and David in their new roles as they effect a seamless transition and lead this storied healthcare technology franchise into the next chapter of its growth and innovation journey,” said A.J. Rohde, Senior Partner at Thoma Bravo.

“I am humbled and privileged to be entrusted with the leadership of NextGen Healthcare’s incredible global team and to lead us through our next phase of growth and innovation,” said Velamoor. “Our colleagues, clients, and partners are unified behind our vision of achieving Better Healthcare Outcomes for All. And we are incredibly excited to partner with Thoma Bravo and MDP to unlock the many opportunities in front of us to elevate practice performance and reimagine the provider and patient experience.”

Advisors
Goodwin Procter LLP served as legal counsel to NextGen Healthcare. Morgan Stanley & Co. LLC served as lead financial advisor and J.P. Morgan Securities LLC and Evercore also served as financial advisors to NextGen Healthcare. Kirkland & Ellis, LLP served as legal counsel to MDP.

About NextGen Healthcare, Inc.
NextGen Healthcare, Inc. is a leading provider of innovative healthcare technology and data solutions. We are reimagining ambulatory healthcare with award-winning Electronic Health Record (EHR), practice management and surround solutions that enable providers to deliver whole-person health and value-based care. Our highly integrated, intelligent, and interoperable solutions increase clinical quality and productivity, enrich the patient experience and drive superior financial performance. We are on a relentless quest to achieve better healthcare outcomes for all. Learn more at nextgen.com, and follow us on Facebook, X, LinkedIn, YouTube, and Instagram.

About Madison Dearborn Partners
Madison Dearborn Partners, LLC (“MDP”) is a leading private equity investment firm based in Chicago. Since MDP’s formation in 1992, the firm has raised aggregate capital of more than $31 billion and has completed over 160 platform investments. MDP invests across four dedicated industry verticals, including healthcare, basic industries, financial services, and technology & government. Drawing on deep industry and operational expertise, MDP works closely with management teams to drive value creation and operational improvement across its portfolio. For more information, please visit www.mdcp.com

About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world with a 40+ year history and approximately $184 billion in assets under management as of March 31, 2025. Through our private equity, growth equity and credit strategies, our firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Our firm has acquired or invested in approximately 535 software and technology companies representing approximately $275 billion of value (including control and non-control investments). Our investment philosophy is centered around working collaboratively with existing management teams to help drive operating results and innovation. Leveraging our deep sector knowledge and strategic and operational expertise, we execute through a partnership-driven approach supported by a set of management principles, operating metrics and business processes. We support our companies by investing in growth initiatives and strategic acquisitions designed to drive long-term value.

Read the release on Business Wire here.

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Our Investment in Cursor – accel

Accel

We’re pleased to announce our investment in Cursor, the company shaping the future of software engineering. What Michael, Aman, Arvid, and Sualeh have accomplished in just a few short years is without precedent, and it’s clear they’re only getting started.

As software has accelerated every company and industry over the past several decades, tools supporting engineering teams have flourished – yet astonishingly, the process of writing code itself has hardly changed. Cursor shrinks the gap between human intent and action.  We believe it will become the collaborative interface between humans and computers, where every keystroke, action or inaction is an exchange of information that helps to accelerate cycles and achieve better outcomes. With relentless execution and distinctive product taste, the Cursor team is making software engineering a seamless extension of the human brain.

With over $1.5 billion invested in AI-native companies, we have observed the compounding leadership effect of winners in certain categories. In coding, developer choice —> wider distribution & deeper engagement —> higher fidelity keystroke data —> compounding product differentiation. With market leadership comes disproportionate access to talent, capital, GPU capacity, and marketplace influence.

The future is uncertain, but it will likely involve various configurations of humans and agents writing code together.  Today, Cursor changes the paradigm for building software; tomorrow, we believe it will be the operating system for human-machine collaboration across all developers.  We’re delighted to back Michael and this incredibly talented team for the ambitious journey ahead.

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Bryntum, the leading scheduling web-component provider, partners with Adelis to drive continued growth and expansion

Adelis Equity
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Bryntum, the leading web-component provider of scheduling tools to project management applications, announces Adelis Equity as the new majority shareholder. Adelis will, through Adelis Equity Partners Fund III AB, support Bryntum in its next stage of growth and product development.

Bryntum, founded in 2009, is a leading provider of high complexity web-components used in project management. Bryntum offers high-performance scheduling and Gantt components for web applications, enabling developers to build complex scheduling, project management and resource planning tools.

Bryntum’s tools are used by thousands of customers across over 80 countries and trusted by developers across industries such as aerospace, healthcare, logistics and software development. The company is headquartered in Stockholm, Sweden, with a distributed team serving a global customer base.

“We are impressed by Bryntum’s world-class engineering team and the strong customer value proposition they have built through their products. Mats and his team have created a highly respected brand in the developer tools space, and we’re excited to support their next phase of growth,” say Joel Russ and Hampus Nestius at Adelis.

Through the partnership and support from Adelis, Bryntum will continue its international growth by scaling operations to reach new customers and markets, while continuing to expand the product suite.

“Partnering with Adelis gives us the strategic support we need to scale our operations, expand our product suite, and reach new markets,” says Mats Bryntse, founder and CEO of Bryntum, who will remain CEO and a significant owner in Bryntum. “We’re thrilled to continue our journey with a partner who shares our long-term vision and commitment to developer excellence.”

“I am very impressed by the technical strength and deep domain expertise that Bryntum has built over the years. The company’s global customer base and reputation for engineering excellence are truly remarkable. I’m excited to work closely with the team to take Bryntum to the next level and further accelerate its growth journey,” says the newly appointed Chairman Mikael Viotti.

For further information:

Mats Bryntse, Bryntum: mats@bryntum.com

Hampus Nestius, Adelis Equity Partners: hampus.nestius@adelisequity.com

Joel Russ, Adelis Equity Partners: joel.russ@adelisequity.com

About Bryntum

Bryntum, founded in 2009, is a leading provider of advanced web-components for project management applications. The company offers high-performance scheduling and Gantt chart solutions that enable developers to build complex, data-intensive applications with ease. Bryntum serves thousands of customers in over 80 countries and is headquartered in Stockholm, Sweden, with a globally distributed team. For more information, please visit https://www.bryntum.com.

About Adelis Equity Partners

Adelis is a growth partner for well-positioned companies in the Nordic and DACH regions. Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, making 47 platform investments and more than 270 add-on acquisitions. Adelis manages approximately €4.5 billion in capital. For more information, please visit www.adelisequity.com.

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HCSS Announces Acquisition of Dispatcher-Pro, Expanding with Cloud-Native Resource Management for Heavy Civil Construction

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Accelerating Cloud-Based Scheduling, Resource Planning, and Office-Field Collaboration

SUGAR LAND, TX—HCSS, recognized as the leading provider of construction management software for heavy civil and infrastructure projects, announces the acquisition of Dispatcher-Pro, known in the European market as “Dispatcher,” a Paris-based leader in resource management software. Designed specifically for the heavy civil industry, Dispatcher-Pro’s technology is a natural fit within the HCSS platform. This strategic acquisition marks a significant milestone in HCSS’s ongoing mission to deliver the most comprehensive and integrated platform for construction companies worldwide.

Dispatcher-Pro brings a proven, cloud-native solution purpose-built for the heavy civil market, and is trusted by leading contractors such as VINCI Construction, Eiffage, and NGE. Developed in close collaboration with influential customers, Dispatcher-Pro enables HCSS to accelerate the delivery of cloud-based resource management. Its expanded workforce and equipment resource planning features can be utilized by project managers and foremen in the field, supporting HCSS’s commitment to building field-first technology that better connects crews to the office. With a user-friendly interface and open APIs, Dispatcher-Pro seamlessly integrates with existing technology stacks, providing a flexible and scalable solution for construction firms of all sizes.

The acquisition delivers key advantages to crucial roles across construction organizations. Resource planners will find day-to-day scheduling across crews, equipment, and projects, simplified with features such as planner view and field workspace, reducing errors and manual rework. Operations managers and foremen can ensure the right people and equipment are in the right place at the right time, while fleet and equipment managers will gain clearer visibility and control to keep resources aligned. HR and safety managers benefit from certifications and qualification tracking, ensuring compliant crew assignments and reducing risk. IT directors will appreciate Dispatcher-Pro’s modern, cloud-native solution with open APIs for seamless interoperability, and finance and operations leaders can expect improved labor productivity, improved compliance, and smarter resource forecasting.

“Dispatcher-Pro’s intuitive scheduling and resource planning capabilities address real challenges our customers face every day, from workforce coordination to compliance tracking,” said Steve McGough, President & CEO of HCSS. “The acquisition of Dispatcher-Pro is a strategic step forward in our mission to provide the most comprehensive and integrated platform for construction companies. We’re excited to welcome the Dispatcher-Pro team to HCSS and to bring even more value to our customers through smarter, more connected operations.”

Julien Fournier and Maxime Guesne, Co-founders of Dispatcher, added, “Joining HCSS is an exciting next chapter for Dispatcher-Pro. We’ve always been focused on building intuitive, effective tools that help teams plan better and work more efficiently. HCSS shares that same customer and field-first mindset, and together we can scale our impact, and pioneer innovation in the construction industry. We’re proud to continue our mission as part of a company that deeply understands and supports the needs of contractors. We believe that joining a leading provider of construction management software will serve our customers well in their digitization process, and that we will be able to support them with a comprehensive range of HCSS products designed for construction, heavy civil engineering, and infrastructure projects.”

This acquisition enhances HCSS’s ability to help construction companies eliminate scheduling blind spots, streamline labor and equipment assignments, and improve project execution, all within a single, collaborative solution suitable for both centralized and decentralized planning. Customers can expect to see enhanced features in scheduling and workforce tools, supporting efficient resource allocation, improved compliance, and better forecasting of resource needs.

Dispatcher-Pro’s modern, cloud-native technology will complement the existing HCSS Dispatcher product, which remains fully supported. Both solutions will continue to serve customers with no disruption, offering flexibility and choice in equipment and labor resource management.

To learn more about HCSS’s acquisition of Dispatcher-Pro, visit hcss.com.

About HCSS
HCSS is the leading provider of construction management software designed to connect the office to the field across the lifecycle of heavy civil and infrastructure projects. Founded in 1986, HCSS has established itself as the industry leader by offering a comprehensive suite of tools to enhance productivity, streamline communication, and improve project outcomes. HCSS platforms cover every aspect of heavy civil and infrastructure projects, from preconstruction to project closeout. Solutions offered include estimating, job costing, project management, safety, and fleet management. By centralizing project data, HCSS ensures all stakeholders have real-time access to critical information, enabling more informed decision-making and reducing the risk of errors and rework. With 24/7 instant support and a proven 90-day implementation process, HCSS has helped improve operations for over 4,000 companies ranging from $1M to billions in revenue across the United States and Canada. HCSS, a 15-time Best Place to Work in Texas, has a unique 12-acre campus in Sugar Land, Texas, with three buildings capable of housing 700 employees. Learn more at hcss.com.

About Dispatcher
Dispatcher, based in Paris France, is a leading provider of cloud-based resource management software for the construction, public works, and industrial sectors. Purpose-built for complex field operations, Dispatcher simplifies scheduling across crews, equipment, and projects while integrating workforce availability, certifications, and compliance tracking. Trusted by contractors across Europe, Dispatcher helps teams streamline planning, improve collaboration between the field and office, and maximize resource utilization.

Read the release on the HCSS website here.

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CareLineLive Secures Majority Investment from Technology Investment Firm Accel-KKR

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London, UK & Menlo Park, CA – June 3, 2025 — CareLineLive, an all-in-one home care management software company, has secured a majority investment from technology-focused investment firm Accel-KKR, to spur accelerated growth, expansion and product development.

Founded in 2014 by entrepreneur Josh Hough, CareLineLive provides an all-in-one cloud-based platform for homecare agencies, integrating staff scheduling, client visits, patient records and invoicing. The company currently supports hundreds of care providers across seven countries.

Across many parts of the world, the home healthcare market continues to grow. For example, the UK’s home and domiciliary care market is worth £11.5 billion, according to insurance broker PolicyBee. The Australian home healthcare market is projected to reach USD 25.7 billion by 2030, whereas the U.S. home care providers market is valued at approximately $153.7 billion in 2025.

Hough said the investment would help accelerate the company’s growth and international reach. “Our vision has always been to make homecare better for everyone through the use of technology – for providers, carers and clients,” he said.

“This investment helps bring that future closer. Accel-KKR’s long track record of helping software companies grow is what I am most excited about. Their experience and resources will help us to grow our team, enhance our product, and deliver even more value to our customers.”

A portion of the funding will be used to establish a customer support presence in Australia, enabling round-the-clock service. “As our UK team finishes for the day, the Australia team will begin – meaning we’ll be able to support customers at any time of day,” Hough added.

The full transaction value has not been disclosed, but the investment also facilitates an exit for early backers Oakglen and Haatch. Hough also paid tribute to the outgoing investors: “We’re incredibly proud of the progress we’ve made over the last decade and I’d very much like to thank both Oakglen and Haatch for their support. This marks an exciting new chapter with Accel-KKR.”

Accel-KKR, which specialises in investing in enterprise software and tech-enabled businesses, cited CareLineLive’s technology and customer-centric ethos as among the key drivers behind its decision to invest in CareLineLive.

Maurice Hernandez, Managing Director at Accel-KKR, said, “No matter where they serve, home care providers want to focus on delivering responsive, respectful and personalized care. Technology can help carers and agencies improve efficiencies, maintain compliance and grow while being focused on their clients’ wellbeing. We’re excited to back CareLineLive and help Josh and his team continue to build market-leading solutions in this category.”

Hough said he and the senior management team will be remaining with the company for the foreseeable future.  “There’s a long-term plan in place, but it’s very much business as usual,” Hough added.

About CareLineLive
Founded in 2014, CareLineLive provides an all-in-one cloud-based platform for homecare agencies, integrating staff scheduling, client visits, patient records and invoicing. The company currently supports hundreds of care providers across seven countries. CareLineLive is one of the few companies to meet the NHS requirements to be on the approved supplier list for Digital Social Care Records. It also integrates with GP Connect, enabling access to GP records.

About Accel-KKR
Accel-KKR is a technology-focused investment firm with $21 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its partner companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, London, and Mexico City. For more, visit accel-kkr.com.

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QUEST SOFTWARE ANNOUNCES NEW $350 MILLION CAPITAL INFUSION TO ACCELERATE AI INNOVATION AND GROWTH

Clearlake

Austin, TX – May 30, 2025 – Quest Software, a global leader in data management, identity security and platform modernization, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced the closing of a refinancing transaction of its outstanding debt with a majority of holders of its existing first lien and second lien term loans. It includes a new capital infusion of $350 million by Quest’s existing lenders, which will help accelerate Quest’s artificial intelligence (AI) innovation and growth initiatives. Participation in the transaction is open to remaining holders.

The $350 million of new term loans mature at the same time as Quest’s existing and refinanced first lien term loans in February 2029. Additionally, Quest extended the maturity of its revolving credit facility to November 2028 and de-levered its balance sheet, strengthening its liquidity position and securing additional financial flexibility to pursue the company’s growth strategy. This investment comes at a pivotal moment for Quest, as organizations across all industries are seeking trusted partners to help navigate the complexities of AI adoption.

“We thank our investors and lenders for their continued support, which we believe signals their confidence in our ability to leverage AI market opportunities,” said Tim Page, CEO of Quest. “We believe AI represents not just a technological shift but a fundamental transformation in how businesses create value. With most of the Fortune 500 companies using Quest Software for data management and identity security, we have an understanding of customer environments and requirements that drives our AI priorities and accelerated investments.”

“We are pleased with the completion of this transaction for Quest and all of its stakeholders including employees, shareholders and lenders,” said Behdad Eghbali, Co-Founder and Managing Partner, and Prashant Mehrotra and Paul Huber, Partners at Clearlake. “We believe this is an especially exciting time for the Company as the market undergoes transformation driven by the adoption of AI, the proliferation of data and the ever-evolving need for cyber resiliency, and we look forward to continuing to partner with the Quest team to accelerate growth and elevate its market position.”

“This transaction will provide enhanced investment and liquidity, allowing us to innovate and expand our suite of identity protection products,” said Mark Logan, CEO of One Identity, a standalone and independent business unit within Quest, specializing in identity and access management (IAM), privileged access management (PAM), and identity governance administration (IGA). “With AI playing an increasingly vital role in the IAM, PAM, and IGA sectors, our focus remains on delivering cutting-edge solutions that help organizations protect and manage identities effectively. We are excited to better serve customers seeking comprehensive identity management solutions and fortify our ability to respond to evolving market demands.”

This investment will support Quest’s expansion of both the embedded AI capability across products in their software portfolio and AI data readiness technology to enable enterprises to fully realize the promise of AI. Key initiatives will begin rolling out immediately, including the new Quest Software Center for Advanced Architecture. As part of this ground-breaking initiative, engineers will develop next-generation solutions for both AI data management and governance and agentic AI to identify and respond to cyber threats at machine speed.

Quest is also investing in building a world-class partner ecosystem specifically for the AI revolution, with specialized solution paths for data partners, identity security specialists, and Microsoft platform integrators working with Active Directory and EntraID environments.

 

About Quest Software

Quest Software creates technology and solutions that build the foundation for enterprise AI. Focused on data management and governance, identity security and platform modernization, Quest helps organizations address their most pressing challenges and make the promise of AI a reality.  Around the globe, more than 130,000 companies including over 90% of the Fortune 500 count on Quest Software.  For more information, visit www.quest.com or follow Quest Software on X (formerly Twitter) and LinkedIn.

 

About One Identity

An independent and standalone business within Quest Software helps organizations get identity and access management (IAM) right. With a unique combination of offerings including a portfolio of identity governance, access management and privileged management, and identity as a service that help organizations reach their full potential, unimpeded by security yet safeguarded against threats. One Identity has proven to be a company unequalled in its commitment to its customers’ long-term IAM success. More than 7,500 customers worldwide depend on One Identity solutions to manage more than 125 million identities, enhancing their agility and efficiency while securing access to their data — wherever it might reside. For more information, visit https://www.oneidentity.com/.

 

About Clearlake

Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused, approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational approach, O.P.S.® The firm’s core private equity target sectors are technology, industrials, and consumer. Clearlake currently has over $90 billion of assets under management and its senior investment principals have led or co-led over 400 investments, and has deployed over $57 billion in liquid and illiquid credit investments globally. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, Luxembourg, Abu Dhabi, UAE, and Singapore. More information is available at www.clearlake.com.

 

Media Contacts:
For Quest:

Slava Balykov

slava.balykov@quest.com

 

For Clearlake:

Jennifer Hurson

Jhurson@lambert.com

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