Tag Archives: Software

Verituity Announces $10 Million Series A Funding to Accelerate Its Digital Payments Platform

Forgepoint

Platform Modernizes Banking Treasury Services and Powers First-time and On-time Verified Digital Payouts

MCLEAN, Va.–(BUSINESS WIRE)–Verituity, the verified digital payments platform that modernizes banks treasury services and connects banks, payers and payees to first-time and on-time digital payouts experiences, announces the closing of a $10 million Series A funding co-led by ForgePoint Capital and Ardent Venture Partners. Verituity plans to use the funds to expand its go to market efforts and enhance its cloud-based verified digital payout platform. Don Dixon, Managing Director at ForgePoint Capital, and Phil Bronner, Co-founder and General Partner at Ardent Venture Partners, will join Verituity’s board of directors.

“We look to invest in innovative companies like Verituity that drive value through automation and intelligence. Whether it’s insurance companies paying claims, businesses paying their suppliers, or merchants issuing refunds, Verituity’s platform leverages automation and intelligence to connect banks, payors and payees to verified digital payouts.”

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“As the demand for secure and reliable digital payouts continues to surge, our mission is to extend a bank’s ability to offer innovative digital solutions to their business clients that power first-time and on-time digital payouts. By making it frictionless for banks to connect to our platform, banks can modernize their treasury services, reduce their payout and compliance risks, lower operating costs, and rapidly launch new revenue streams,” said Ben Turner, CEO and founder of Verituity.

The growth of digital payouts is surging as more and more businesses seek to digitize their payouts to their customers and suppliers. Verituity empowers banks to take advantage of this shift by enabling branded and differentiated digital payout solutions for their business clients. Verituity’s cloud-based, bank grade platform integrates and automates identity verification, payment choice, payment account validation, risks and data compliance, and verified digital payment orchestration into a unified web and mobile experience. These experiences provide the bank and payer with confidence that they are paying the right payee and the right payment account on the first time and on time.

“Verituity sits at the intersection of identity verification, fraud prevention, and successful digital payouts. The company’s platform is a transformative solution that places verification at the core of digital payouts to extend the value of banks’ treasury services and enables them to compete with fintechs more effectively. We are excited to partner with Verituity and help them lean into growth as they solve a critical problem in payments,” said Don Dixon, Managing Partner at ForgePoint.

Phil Bronner, Co-founder and General Partner at Ardent Venture Partners, added, “We look to invest in innovative companies like Verituity that drive value through automation and intelligence. Whether it’s insurance companies paying claims, businesses paying their suppliers, or merchants issuing refunds, Verituity’s platform leverages automation and intelligence to connect banks, payors and payees to verified digital payouts.”

About Verituity

Headquartered in McLean, Va., Verituity is a powerful cloud-based platform that modernizes bank treasury services and connects banks, payers and payees to first-time and on-time digital payouts and pay-by-anything experiences. Verituity’s bank-grade platform places verification at the core of digital payouts by seamlessly unifying and automating identity verification, payment choice, payment account verification and verified payment orchestration so payors and payees can make or receive digital payments with confidence. For more information, please visit: verituity.com.

About ForgePoint Capital

ForgePoint Capital is the premier cybersecurity venture fund investing in transformative companies protecting the digital world. The firm is one of the most prolific investors in early and growth stage cybersecurity companies with over 40 global cybersecurity investments. The team brings more than eight decades of company building and value creation experience, drawing upon the largest network of trusted cybersecurity industry experts and customers to support entrepreneurs who are building great companies. Based in the San Francisco Bay Area, the firm partners with exceptional cybersecurity entrepreneurs worldwide. For more information, please visit www.forgepointcap.com or follow us @ForgePointCap.

About Ardent Venture Partners

Ardent Venture Partners is a Washington DC-based early-stage venture fund investing in companies located in growing tech hubs that transform the way we work. AVP sectors include vertical applications that leverage an automation driver such as AI/ML, robotics, marketplaces, or low code/no code; Future of Work; and Security. AVP GP and CEO partners are located in the Mid-Atlantic (New York to Washington DC), Atlanta, and Boulder Denver. www.ardent.vc

Contacts

Media:
Lisa Throckmorton
lthrockmorton@req.co

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NEOGOV Announces Growth Investment from The Carlyle Group and Warburg Pincus

Carlyle

New investment will accelerate NEOGOV’s strategic initiatives and growth opportunities

EL SEGUNDO, CA and NEW YORK, NY June 2nd 2021 — NEOGOV, a market leader in public sector human capital management and policy management software, today announced a significant investment from The Carlyle Group (NASDAQ: CG), a global investment firm, and existing investor Warburg Pincus, a leading global growth investor. Terms of the transaction were not disclosed.

Founded in 2000, NEOGOV provides a market-leading software-as-a-service (SaaS) human capital management platform to automate and streamline the employee lifecycle for state and local government, education, public safety, and other public sector customers.  NEOGOV’s software is designed specifically for the unique requirements of these complex and regulated end-markets and serves more than 6,500 organizations.

“NEOGOV is differentiated by leveraging technology to provide the public sector workforce with a streamlined approach to human resources support, a historically complex process. As we move forward with new capital, we will look forward to building out our product suite through organic channels and evaluating acquisition targets in order to continue to provide our clients with the best level of service,” said Shane Evangelist, CEO, NEOGOV. “We are excited to have the combined capabilities of Warburg Pincus and Carlyle behind our efforts to scale our platform, invest in our team and bring new capabilities to our clients.”

The new investment from The Carlyle Group and Warburg Pincus will allow NEOGOV to capitalize on a number of compelling organic and inorganic growth opportunities, including investing in NEOGOV’s operations and go-to-market teams, continuing to expand the company’s product suite for current customers, and entering adjacent end markets. In addition to expansion into new markets, NEOGOV will continue to serve as a platform for meaningful M&A in the broader government technology landscape.

“In its mission to ‘serve the people who serve the people,’ NEOGOV makes hiring, training, and managing employees in the public sector easier, more effective, and more equitable,” said Ashley Evans, a Managing Director specializing in technology investing at Carlyle. “We are excited to partner with Warburg Pincus, Shane, and the rest of the NEOGOV team to leverage Carlyle’s deep expertise in government and technology investing and support the Company’s next phase of growth.”

“Over the past four years of our partnership, NEOGOV has grown into a clear market leader in public sector HR and law enforcement accreditation and exhibits best-in-class metrics across growth and client retention. As the demand for SaaS-based systems focused on HR solutions grows, we continue to see significant growth opportunity for NEOGOV,” said Vishnu Menon, Managing Director, Warburg Pincus. “We are excited to continue to support NEOGOV, in partnership with Carlyle, as the company builds upon its leadership position in HCM and policy management software through product expansion and acquisition opportunities to serve their large and growing customer base,” added Brian Chang, Managing Director, Warburg Pincus.

Equity capital for Carlyle’s investment will come from Carlyle Partners VII, an $18.5 billion fund that makes majority and strategic minority investments primarily in the U.S.

William Blair served as exclusive financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to NEOGOV in the transaction. Alston & Bird served as legal advisor to Carlyle. Transaction is subject to customary closing conditions.

About NEOGOV

NEOGOV is the leading provider of an integrated HR, payroll, talent management, accreditation management and policy management solutions for the public sector. NEOGOV customers report increased employee productivity and engagement, time and cost savings, improved regulatory requirement compliance, and reduced paper processes, with a net result of better services for citizens. Serving over 6,000 organizations, NEOGOV provides intelligent HR for the public sector. More information at www.neogov.com.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $260 billion of assets under management as of March 31, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,800 people in 29 offices across five continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.

About Warburg Pincus

Warburg Pincus LLC is a leading global growth investor. The firm has more than $60 billion in private equity assets under management. The firm’s active portfolio of more than 200 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $90 billion in over 930 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com.

Contact

The Carlyle Group
Brittany Berliner
+1 (212) 813-4839
Brittany.Berliner@carlyle.com

Warburg Pincus
Sarah McGrath Bloom
Sarah.Bloom@warburgpincus.com

 

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Silver Lake Announces Strategic Investment in Exact

Silverlake

Menlo Park, USA and London, United Kingdom, 1 June 2021 – Silver Lake, a global leader in technology investing, today
announced that it has agreed to make a minority investment in Exact, a leading provider of business and accounting software in
the Benelux region. This investment will be in partnership with the management team, led by CEO Paul Ramakers, and the
company’s existing investor, KKR, which will remain the majority shareholder.
Founded in 1984 and headquartered in Delft, the Netherlands, Exact’s innovative software solutions today help more than 9,900
accountants manage the finances of small and mid-size enterprises and provide over 550,000 small businesses with high valueadd
solutions in the cloud. Exact’s mid-market enterprise resource planning (“ERP”) solutions are also used by over 16,000 midsized
firms, with a choice of cloud or on-premise deployment. The company’s integrated software suite includes Financial
Management, Logistics, CRM, HR, and Payroll. Since the acquisition by KKR in 2019, Exact has experienced rapid growth
and has expanded its market leadership.

Jean-Pierre Saad, Partner and Head of EMEA Technology at KKR, Daniel Knottenbelt, Partner and Head of Benelux at KKR
and Tomas Kubica, Director Technology Private Equity at KKR, said: “We are delighted to welcome Silver Lake as an investor
alongside us in Exact, one of the leading European SaaS businesses. We have seen tremendous growth in recent years under the
leadership of Paul Ramakers and the entire team. The company continues to be a leading platform to provide accounting and
business software in the Benelux region and beyond, notably with its flagship SaaS product Exact Online, and we believe that
Silver Lake’s relevant experience will further contribute to the growth and ambitious expansion strategy of Exact.”

Christian Lucas, Co-Head of Silver Lake EMEA, said: “Exact fits very naturally into Silver Lake’s strategy of investing in high
growth, innovative and world leading technology companies. Paul and the Exact team have achieved a strong growth trajectory,
and we have been impressed by the high quality of their best-in-class SaaS solutions. We are excited to partner with the
management team and KKR, one of the world’s leading technology and software investors, to contribute to the next stage of
Exact’s development towards achieving its full long-term potential.”

Paul Ramakers, CEO of Exact, said: “We are proud of what Exact has already achieved with the strong support of the KKR
team. Together, with our outstanding team and business partners, we have built a successful business, with a strong track record
of supporting both accountancy firms and small and mid-size businesses in Benelux. As we enter the next exciting stage of our
growth story, we look forward to leveraging Silver Lake’s software domain expertise and extensive industry network.”
The transaction is anticipated to close in the third quarter subject to customary conditions and regulatory approvals. Further
terms of the investment are not being disclosed at this time.

About KKR
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions.
KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing
world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries
offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to
KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information
about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at kkr.com and on Twitter @KKR_Co.

About Silver Lake
Silver Lake is a leading global technology investment firm, with more than $83 billion in combined assets under management
and committed capital and a team of professionals based in North America, Europe, and Asia. Silver Lake’s portfolio companies
collectively generate more than $196 billion of revenue annually and employ more than 448,000 people globally. For more
information about Silver Lake and its portfolio, please visit Silver Lake’s website at silverlake.com.

About Exact
Founded in 1984 and headquartered in Delft, the Netherlands, Exact’s innovative solutions today help over 9,900 accountants
manage the finances of over 550,000 small businesses in the cloud. Exact’s mid-market enterprise resource planning (“ERP”)
solutions are also used by over 16,000 mid-sized firms, with a choice of cloud or on-premise deployment. The company’s
integrated software suite includes Financial Management, Logistics, CRM, HR, and Payroll. Exact employs 1,850 people. For
more information on Exact, please visit exact.com.

Contacts:
KKR Silver Lake
Alastair Elwen / Nidaa Lone Jennifer Stroud
KKR@fgh.com SilverLakeMedia@Edelman.com
+44 (0)207 251 3801 +1-646-565-1792

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Silver Lake Announces Strategic Investment in Exact

KKR
June 1, 2021

MENLO PARK, Calif. & LONDON–(BUSINESS WIRE)– Silver Lake, a global leader in technology investing, today announced that it has agreed to make a minority investment in Exact, a leading provider of business and accounting software in the Benelux region. This investment will be in partnership with the management team, led by CEO Paul Ramakers, and the company’s existing investor, KKR, which will remain the majority shareholder.

Founded in 1984 and headquartered in Delft, the Netherlands, Exact’s innovative software solutions today help more than 9,900 accountants manage the finances of small and mid-size enterprises and provide over 550,000 small businesses with high value-add solutions in the cloud. Exact’s mid-market enterprise resource planning (“ERP”) solutions are also used by over 16,000 mid-sized firms, with a choice of cloud or on-premise deployment. The company’s integrated software suite includes Financial Management, Logistics, CRM, HR, and Payroll. Since the acquisition by KKR in 2019, Exact has experienced rapid growth and has expanded its market leadership.

Jean-Pierre Saad, Partner and Head of EMEA Technology at KKR, Daniel Knottenbelt, Partner and Head of Benelux at KKR and Tomas Kubica, Director Technology Private Equity at KKR, said: “We are delighted to welcome Silver Lake as an investor alongside us in Exact, one of the leading European SaaS businesses. We have seen tremendous growth in recent years under the leadership of Paul Ramakers and the entire team. The company continues to be a leading platform to provide accounting and business software in the Benelux region and beyond, notably with its flagship SaaS product Exact Online, and we believe that Silver Lake’s relevant experience will further contribute to the growth and ambitious expansion strategy of Exact.”

Christian Lucas, Co-Head of Silver Lake EMEA, said: “Exact fits very naturally into Silver Lake’s strategy of investing in high growth, innovative and world leading technology companies. Paul and the Exact team have achieved a strong growth trajectory, and we have been impressed by the high quality of their best-in-class SaaS solutions. We are excited to partner with the management team and KKR, one of the world’s leading technology and software investors, to contribute to the next stage of Exact’s development towards achieving its full long-term potential.”

Paul Ramakers, CEO of Exact, said: “We are proud of what Exact has already achieved with the strong support of the KKR team. Together, with our outstanding team and business partners, we have built a successful business, with a strong track record of supporting both accountancy firms and small and mid-size businesses in Benelux. As we enter the next exciting stage of our growth story, we look forward to leveraging Silver Lake’s software domain expertise and extensive industry network.”

The transaction is anticipated to close in the third quarter subject to customary conditions and regulatory approvals. Further terms of the investment are not being disclosed at this time.

About KKR

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at kkr.com and on Twitter @KKR_Co.

About Silver Lake

Silver Lake is a leading global technology investment firm, with more than $83 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe, and Asia. Silver Lake’s portfolio companies collectively generate more than $196 billion of revenue annually and employ more than 448,000 people globally. For more information about Silver Lake and its portfolio, please visit Silver Lake’s website at silverlake.com.

About Exact

Founded in 1984 and headquartered in Delft, the Netherlands, Exact’s innovative solutions today help over 9,900 accountants manage the finances of over 550,000 small businesses in the cloud. Exact’s mid-market enterprise resource planning (“ERP”) solutions are also used by over 16,000 mid-sized firms, with a choice of cloud or on-premise deployment. The company’s integrated software suite includes Financial Management, Logistics, CRM, HR, and Payroll. Exact employs 1,850 people. For more information on Exact, please visit exact.com.

KKR
Alastair Elwen / Nidaa Lone
KKR@fgh.com
+44 (0)207 251 3801

Silver Lake
Jennifer Stroud
SilverLakeMedia@Edelman.com
+1-646-565-1792

Source: KKR

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ING-backed Komgo raises CHF26 million (€23.7 million) in funding round

Ing Ventures
31 May 2021  3 min read  Listen

ING-backed software company Komgo has raised CHF26 million (€23.7 million) in its third funding round from a consortium of investors including ING Ventures.

Komgo digitalises trade finance with a platform that automates finance transactions, allowing banks, traders and other participants to transact in a secure environment.

“We are very proud of the achievements of Komgo and see the initiative as a great example of the commodity trade finance community coming together to drive digital transformation,” said Annerie Vreugdenhil, head of ING Neo, the bank’s innovation unit.

Spurred by surging demand for digital services during the pandemic, Komgo has seen a 50 percent increase in trade finance transactions on its platform and a 65 percent increase in clients in the past year.

Komgo will use the funds to accelerate its expansion strategy and invest in customer success teams, which will enable the company to support clients worldwide. The funds will also be used to refine Komgo’s products and trade finance applications, such as borrowing base facilities, contract renewals, stock reconciliation and secure digital documents.

“By supporting our clients in adopting Komgo, we can serve them better. Working with Komgo enables us to increase transactional security, strengthen audit and compliance capabilities and reduce fraud across the value chain,” said Maarten Koning, global head of Trade and Commodity Finance at ING.

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Bloomerang Appoints Three New Members to its Board of Directors

JMI Equity

Additions bolster fundraising and people expertise

INDIANAPOLIS, May 27, 2021 /PRNewswire/ — Bloomerang, the donor management software provider to thousands of nonprofits, today announced the appointment of three new members to its board of directors.

Natalye Paquin and Pamela Perry have joined as Board Members. Kishshana Palmer, CFRE has joined as a Board Advisor.

“We are so excited to add voices and perspectives to the board that represent the two most valuable stakeholders to our business: professional fundraisers and our employees,” said Ross Hendrickson, CEO of Bloomerang. “Natalye and Kishshana were called to serve due to their extensive nonprofit backgrounds, and Pam to help make us a best place to work.”

Natalye Paquin currently serves as the President and Chief Executive Officer of the Points of Light Foundation, the largest nonprofit in the world dedicated to volunteerism and community service. Founded in 1990 by President George H.W. Bush as an independent, nonpartisan, nonprofit organization to encourage and empower the spirit of service, Points of Light works with affiliate organizations throughout the United States and in more than 30 countries around the world. Natalye has more than 10 years experience as a Corporate Board Director of two regional banks, and has served in senior executive roles in the public sector, including as an attorney and legal advisor.

Pamela Perry currently serves as CEO of HR Equity Inc., a strategic human resources organization focused on building value for private and venture capital-backed tech companies. An HR veteran, she previously served as Chief People Officer for automotiveMastermind Inc. and Kareo.

Kishshana Palmer, CFRE is an international speaker, trainer, and coach with a 20+ year background in fundraising, marketing, and talent management who helps leaders create high performing teams. She is the founder of The Rooted Collaborative — a global community focused on the growth and development of women leaders of color in the social sector. She’s the host of the podcast “Let’s Take This Offline”, an adjunct professor at Baruch College, a Certified Fundraising Executive (CFRE), a BoardSource Certified Governance Trainer (CGT), A Gallup Certified Strengths Coach and an AFP Master Trainer.

“By adding Natalye, Pam and Kishshana, Bloomerang now has a board that more accurately represents our customers, as well as a board that will help us better serve our customers so that they can make an even bigger impact on the world,” said Jay Love, Co-Founder of Bloomerang.

The three new members join Larry Contrella, Principal at JMI Equity, David Greenberg, General Partner at JMI Equity, Vinny Prajka, Partner at JMI Equity, Jay Love, Co-Founder of Bloomerang, and current Bloomerang CEO Ross Hendrickson.

The announcement builds on a strong year of momentum for the company. Last January Bloomerang announced their acquisition of Kindful, a nonprofit software platform known for its best-in-class third party application integrations and online fundraising tools. With a combined customer base in the tens of thousands, both the Bloomerang and Kindful products maintain stellar customer satisfaction ratings on the leading peer review websites.

About Bloomerang
Indianapolis-based Bloomerang is a cloud-based donor management software tool designed to help nonprofits reach, engage and retain the advocates they depend on to achieve their vision for a better world. For more information about Bloomerang, visit: https://bloomerang.co

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Nordic Capital invests further in fast-growing ArisGlobal, a leading provider of Cloud Software for the Life Sciences Industry

Nordic Capital
  • As a leading healthcare and technology investor and committed owner, Nordic Capital will further support and accelerate ArisGlobal’s growth in new product domains 
  • ArisGlobal has over recent years experienced significant growth and has almost doubled its profit since Nordic Capital’s acquisition in 2019

Nordic Capital, a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses, today announced its further investment in ArisGlobal, by acquiring an additional shareholding from the founding Abbhi family. The transaction follows Nordic Capital’s initial investment in ArisGlobal, a leading provider of innovative software-as-a-service (SaaS) solutions for the life sciences industry in 2019 and subsequent years of significant growth for the Miami-based company. Drawing on its deep understanding of both the healthcare and technology sectors, Nordic Capital will continue to support ArisGlobal’s growth, with further investment into research and development, cognitive computing, global delivery and commercial operations.

ArisGlobal is pioneering innovations to elevate life sciences and benefit humankind. The Company is on a mission to build an intuitive, intelligent, and unified software platform that enables the world’s best life sciences companies to bring safer products to market more quickly. Currently, more than 300 life sciences companies and government health authorities, including 30 of the top 50 global biopharmaceutical companies and the FDA, rely on ArisGlobal’s solutions to maintain regulatory compliance, manage and mitigate risk, and improve operational efficiency across the life sciences product lifecycle.

With this further commitment from Nordic Capital, ArisGlobal will prioritize innovation and automation within its Clinical Development and Regulatory Affairs portfolios, with significant investments made across talent, technology, and customer experience. The funding will also fuel advancements to ArisGlobal’s market-leading capabilities in Drug Safety and Medical Affairs, where the Company has been recognized for being first in the industry to deliver cloud applications powered by cognitive computing.

“This is an exciting day in the history of ArisGlobal,” said Sankesh Abbhi, President and CEO of ArisGlobal. “Since we began our partnership with Nordic Capital in 2019, we have shared a common vision for the future of the life sciences industry and I am proud to say that we have made great strides working together to realize that vision. We are committed to continuing to build intuitive, intelligent, and unified life sciences software that fundamentally transforms global health and improves the lives of patients. I have never been more enthusiastic and optimistic about our future.”

Following the transaction, Sankesh Abbhi will, as President and CEO, remain a minority owner in ArisGlobal.

“We are excited about the opportunity for Nordic Capital to show further commitment to ArisGlobal and support the growth and development of the company in partnership with the management team. ArisGlobal is transforming how most successful life sciences companies handle drug safety, clinical development, regulatory compliance, and medical affairs and this investment will further accelerate ArisGlobal’s growth in new product domains,” says Daniel Berglund, Partner, Nordic Capital Advisors and Member of ArisGlobal’s Board of Directors.

Since inception in 1989, Nordic Capital has made 30 healthcare platform investments across Europe and North America and 19 investments in the Technology & Payments sector, supporting active value creation agendas to build industry winners. Recent investments in the US include ERT, a leading provider of high-quality patient safety and efficacy endpoint data collection solutions for use in clinical drug development, and Cytel, a global provider of clinical trial design SaaS software, biometric services and advanced analytics.

 

Press contacts:

Nordic Capital
Katarina Janerud, Communications Manager,
Nordic Capital Advisors
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

 

ArisGlobal

Alberto Cantor, Associate Director, Corporate Marketing
Tel: +1-609-360-4042
e-mail: acantor@arisglobal.com


About ArisGlobal

ArisGlobal is transforming the way today’s most successful Life Sciences companies develop breakthroughs and bring new products to market. Our end-to-end drug development technology platform, LifeSphere®, integrates our proprietary Nava® cognitive computing engine to automate all core functions of the drug development lifecycle. Designed with deep expertise and a long-term perspective that spans more than 30 years, LifeSphere® is a unified platform that boosts efficiency, ensures compliance, delivers actionable insights, and lowers total cost of ownership through multi-tenant SaaS architecture. Headquartered in the United States, ArisGlobal has regional offices in Europe, India, Japan and China. For more updates, follow ArisGlobal on LinkedIn and Twitter.

 

About Nordic Capital

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 17 billion in close to 120 investments. The most recent fund is Nordic Capital Fund X with EUR 6.1 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland and Norway. For further information about Nordic Capital, please visit www.nordiccapital.com.

“Nordic Capital” refers to any, or all, Nordic Capital branded funds and vehicles and associated entities. The general partners of Nordic Capital’s funds and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.

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Swarmia raises $8M Seed to help software development teams deal with data

Lifeline Ventures

Swarmia, a B2B SaaS company for software development teams dealing with data, has raised a €5.7 M Seed round and a previously unannounced 1M€ pre-seed round, taking its raise to €6.7M ($8M). The Seed round was led by Alven Capital and joined by Jigsaw VC, Irena Goldenberg, Alex Algard, Lars Fjeldsoe-Nielsen, Jonathan Benhamou and Romain Huet. Lifeline Ventures, the sole investor in a previously unannounced 1M€ pre-seed round, also participated. The cash wil be used to scale to the US.

Founder Otto Hilska is a serial entrepreneur who started Flowdock (team collaboration product, acquired by Rally Software) and was Smartly.io’s Chief Product Officer.

Hilska says many software development organizations could be much more successful if they had a “better visibility to their work and a systematic approach for continuous improvement”.

Swarmia integrates with development tools such as GitHub, Jira, Linear and various CI tools to “create a holistic view to the engineering teams’ inner workings.”

Competitors include Pluralsight Flow (raised $192.5M) and CodeClimate Velocity ($15M).

However, Hilska says: “We’re the only product in the market that’s actually used by developers themselves. We don’t build features for stalking individual developers, but rather focus on how the team can improve. We’ve built the product together with our pilot customers (with shared Slack channels and daily iteration) to make sure that it actually scales with them. Every team is different, and our product adapts to these different ways of working by letting teams define their Working Agreements. That leads to much better data quality, since we actually understand how the teams work – while competitors are happy to plot any incorrect data. Our Slack bot also helps teams drive the behavioral change when teams choose to adopt a working agreement.”

Thomas Cuvelier, Partner at Alven commented: “Software is eating the world but software engineering, the largest cost center of the modern organization, is still a black box. Swarmia solves a considerable pain point by bringing visibility to engineering work and helping executives make the right business decisions based on data rather than anecdotal evidence. What Otto and his team have achieved so far is impressive and they’re well on their way to drive better working habits for the world’s 27m developers.”

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Aurora Capital Partners Acquires Real Estate Software Solutions Provider Grace Hill

Aurora Capital

LOS ANGELES – May 4th, 2021 – Aurora Capital Partners (“Aurora”), a leading middle-market private equity firm, today announced that it has acquired Grace Hill (the “Company”), a leading provider of comprehensive talent performance and customer experience software-driven solutions for the real estate market, from investment funds managed by Stone Point Capital LLC (“Stone Point”).

Grace Hill provides the industry’s only talent and performance management solutions covering policies, training, and assessment. These solutions are designed to develop and retain top property management talent, to drive improved property performance, and to reduce operating risk.

“We are thrilled to partner with Dru Armstrong, Kendall Pretzer, and their team through the next phase of Grace Hill’s growth,” said Rob Fraser, Partner at Aurora. “The management team has created an integrated multi-product platform that sets the foundation for accelerated expansion going forward. As a true market leader with excellent stability characteristics and significant growth potential, Grace Hill is well-suited for Aurora’s buy, build, and partner strategy.”

“Aurora has an exceptional track record of partnering closely with management teams to accelerate growth prospects,” said Dru Armstrong, Chief Executive Officer of Grace Hill. “Over the past few years, in partnership with Stone Point, Grace Hill has been fortunate to continue to grow our business and build stronger partnerships with our customers. We look forward to leveraging Aurora’s deep expertise and hands-on experience to build upon our significant momentum.”

Headquartered in Greenville, South Carolina, the Company serves roughly 75% of leading multifamily property operators, affordable housing managers and commercial office owners and managers. More than 500,000 professionals and 1,700 companies nationwide rely on Grace Hill’s suite of solutions.

“Our mission is to help the multifamily and commercial real estate industries develop their talent base to elevate performance,” said Kendall Pretzer, Chief Operating Officer for Grace Hill. “Partnering with Aurora will allow us to further enhance our product offerings and better serve our existing and future customers.”

Aurora’s investment in Grace Hill follows its recently announced acquisition of Curtis Bay, and represents the fourth investment from Aurora Equity Partners VI, which was activated in September. Grace Hill is the latest Aurora portfolio company offering software-driven solutions, including additional platform investments in Zywave and FMG Suite in the past year.

William Blair acted as exclusive financial advisor to Grace Hill on the transaction. Baird acted as exclusive financial advisor to Aurora on the transaction.

About Aurora Capital Partners
Aurora Capital Partners is a leading private equity firm focused principally on control investments in middle-market companies with leading market positions, stable industry dynamics, attractive business model characteristics and actionable opportunities for growth in partnership with management. Aurora provides unique resources to its portfolio companies through its Strategy & Operations Program and its team of experienced operating advisors. Aurora’s investors include leading public and corporate pension funds, endowments and foundations active in private equity investing. For more information about Aurora Capital Partners, visit: www.auroracap.com.

About Grace Hill
Grace Hill provides technology-enabled talent performance solutions that help owners and operators of real estate properties increase property performance, reduce operating risk and grow top talent. Its industry-leading solutions covering policy, training, assessment, and data-driven insights are bolstered by years of real estate experience, in-depth service-level expertise and outstanding customer support. Today, more than 500,000 real estate professionals from more than 1,700 companies rely on talent performance solutions from Grace Hill. Visit us at gracehill.com or on LinkedIn.

Aurora Capital Partners
11611 San Vicente Boulevard, Suite 800
Los Angeles, California 90049
(310)-551-0101 | info@auroracap.com

Investment Opportunities
Scott Erickson
Head of Business Development
(310)-286-3556 | serickson@auroracap.com

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Alpine Acquires Outdoor Recreation Software Leader Aspira

Alpine

SAN FRANCISCO & DALLAS–(BUSINESS WIRE)–Alpine Investors (“Alpine”), a people-driven private equity firm committed to building enduring software and services companies, announced today it has acquired Aspira (the “Company”), a market-leading software provider for the outdoor recreation industry, from Vista Equity Partners. Alpine’s partnership will accelerate organic growth across Aspira’s business lines and provide capital for strategic acquisitions.

Headquartered in Dallas with eight offices worldwide, Aspira’s mission is to cultivate a connected world through shared outdoor experiences. It employs over one thousand team members and provides a comprehensive suite of software used to manage all aspects of outdoor recreation access, including reservation, registration, licensing, and day use entry for public agencies and private entities. Aspira’s enterprise solutions enable its clients to manage multiple mission-critical activities using one centralized platform. Through ReserveAmerica.com—a leading booking site for public and privately-owned campground reservations—Aspira directly connects consumers with outdoor recreation experiences.

Fraser Cameron will join Aspira as CEO, leveraging his deep experience leading passion community companies through rapid growth. Most recently serving as CEO of SmartPak Equine, Cameron brings a substantial history of operational, financial, and consumer subscription experience, including eight years leading the team at Velcro Companies in the roles of CEO and CFO. Further expanding the Aspira management team, Marlena Slowik and Graham Ballbach will assist in leading the Company during its next phase. Former CEO Mark Trivette and former President Seth Rosenberg will maintain leadership roles within the Company.

Cameron, Ballbach, and Slowik all join Aspira through Alpine’s CEO program which brings supplemental leadership to its portfolio companies.

“We are thrilled to welcome such a culturally-aligned and experienced leader in Fraser Cameron to the Aspira team,” said Trivette. “The Alpine team brings a wealth of knowledge and resources that will serve Aspira’s customers and team members exceptionally well throughout this next chapter of growth,” added Rosenberg.

“I am excited to work alongside the talented Aspira team to build upon the great work Mark and Seth have done in leading the business. Our first objective is to listen to our team and customers as we implement growth initiatives throughout all lines of business—including significant investments in technology, marketing, and customer support,” said Cameron.

“We’ve seen a surge of Americans seeking to explore the outdoors, especially over the past 12–18 months, and believe such growth will continue. Aspira has certainly benefitted from these market tailwinds, and we are delighted to partner with this dynamic Company—a true leader in an industry that brings so much joy to people by leveraging technology to connect them with nature,” said Billy Maguy, partner at Alpine. “We are committed to investing not just in the growth of the business, but also in the hardworking people who make it thrive.”

LionTree Advisors acted as exclusive financial advisor to Vista in the transaction, and Kirkland & Ellis LLP served as its legal counsel. Wilson Sonsini Goodrich & Rosati served as legal counsel to Alpine.

About Aspira

Aspira provides connected experiences for the outdoor recreation industry. Its comprehensive suite of reservation and licensing technology and service solutions support federal, state, provincial, privately-owned, and local government parks, campgrounds, and conservation agencies, conveniently connecting them with outdoor adventure seekers from around the world. Aspira is headquartered in Dallas, Texas, with eight offices worldwide. For more information, visit www.AspiraConnect.com.

About Alpine Investors

Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in middle-market companies in the software and services industries. Its PeopleFirst strategy includes a CEO-in-Residence program which allows Alpine to bring proven leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $1 billion seventh fund. For more information, visit http://www.alpineinvestors.com.

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