Providence Strategic Growth Invests in ThreatConnect

Providence Strategic Growth and Verdane Invest in Hornetsecurity

July 28, 2020

Cybersecurity

Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, has agreed to make an investment in Hornetsecurity Group while Verdane will re-invest alongside PSG. The transaction provides growth capital to accelerate Hornetsecurity's product development, international expansion and M&A strategy; financial terms were not disclosed.

Providence Strategic Growth Invests in Untangle Inc.

September 12, 2016

Cybersecurity

Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, has acquired Untangle Inc. and provided growth capital to accelerate the company's product, channel, and go-to-market initiatives in the unified threat management/next-generation firewall market. Untangle, headquartered in San Jose, California, will be led by newly appointed CEO Scott Devens as it pursues market share expansion in the SMB and below-enterprise segments.

Providence Strategic Growth Invests in Wagepoint

September 9, 2020

Cloud & SaaS

Wagepoint has completed a majority recapitalization and strategic growth investment led by funds advised by Providence Strategic Growth (PSG), receiving more than $10 million of new capital. The investment will fund product innovation, scale go-to-market and customer support, and enable Wagepoint to pursue strategic acquisitions as it serves over 12,000 small-business customers across North America.

Providence Strategic Growth Invests in Next Glass

April 23, 2020

Cloud & SaaS

Providence Strategic Growth (PSG), the growth-equity affiliate of Providence Equity Partners, has made a significant growth investment in Next Glass to accelerate product innovation, go-to-market expansion and support strategic add-on acquisitions. The funding will bolster Next Glass's consumer platforms (Untappd, BeerAdvocate) and its SaaS products (Untappd for Business, Untappd Marketplace) and establish a small-to-medium business support fund for COVID-19 relief.

Providence Strategic Growth Invests in Semarchy

September 2, 2020

Data & Analytics

Funds advised by Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, have made a growth equity investment in Semarchy to support product innovation and accelerate go-to-market expansion. Terms were not disclosed; the capital will fund Semarchy’s Intelligent Data Hub product development and customer growth initiatives.

Providence Strategic Growth Leads $19M Growth Round in DivvyCloud

May 1, 2019

Cybersecurity

DivvyCloud, a provider of cloud security and compliance automation, raised $19 million in a growth round led by Providence Strategic Growth with follow-on investments from MissionOG and RTP Ventures. The funding (bringing total raised to $29M) will be used to accelerate product innovation—extending policy enforcement into CI/CD, container and serverless support—and to expand sales, marketing and customer success efforts.