HGGC Makes $115M Strategic Equity Investment in Upland Software

Upland Software Acquires BA Insight

February 24, 2022

Software

Upland Software, a publicly traded provider of cloud-based knowledge and content management software, has acquired BA Insight, a provider of enterprise search solutions. The acquisition (approximately $33.4M cash plus a $0.6M holdback) expands Upland's knowledge management portfolio by adding enterprise search and AI-driven search capabilities and is expected to be immediately accretive to Adjusted EBITDA.

H.I.G. Capital Makes Strategic Growth Investment in 3Pillar Global

November 23, 2021

Software

H.I.G. Capital (through an affiliate) made a strategic growth investment in 3Pillar Global, a global software product development firm. The investment will support 3Pillar's continued scaling, talent attraction and development, and expansion of its digital product engineering capabilities.

Upland Software Acquires Panviva

June 24, 2021

Cloud & SaaS

Upland Software, Inc. (Nasdaq: UPLD) has acquired Panviva Pty Ltd, a cloud-based enterprise knowledge-management (KM) provider, to expand Upland’s knowledge-guided customer service and contact-center offerings. The deal was funded with $19.8 million cash at closing plus a $3.5 million cash holdback; Panviva is expected to contribute approximately $7.5 million of recurring annual revenue and the transaction led Upland to raise its 2021 guidance.

Hg Makes c.$1bn Strategic Investment in insightsoftware

July 13, 2021

Cloud & SaaS

Hg’s Saturn 2 Fund will make a c.$1bn equity investment in insightsoftware to become a significant minority shareholder alongside TA Associates, in a transaction valuing the business at an enterprise value of around $4.0bn. The investment will support insightsoftware’s continued scale as a cloud financial reporting and EPM platform, with existing minority shareholders Genstar and ST6 remaining supportive and TA and Hg sharing joint control.

Upland Software Acquires Objectif Lune

January 10, 2022

Software

Upland Software (Nasdaq: UPLD) has acquired Objectif Lune Inc., an enterprise software provider for document composition and business communication automation, expanding Upland's document workflow product library. The deal was funded with $29.0 million in cash at closing plus a $5.3 million cash holdback; Upland expects at least $13.0 million of annual revenue (including ~$12.0 million recurring) and meaningful Adjusted EBITDA contribution post-integration.

Hg Makes Strategic Growth Investment in CINC Systems

December 14, 2023

Cloud & SaaS

CINC Systems, a Duluth, Georgia–based provider of cloud-based accounting, banking integration and payments software for the community association management industry, has secured a strategic growth investment from Hg. The investment will see Hg join CINC's founder, management team and existing investor Spectrum Equity to accelerate product innovation, go-to-market expansion and continued growth following strong 2023 performance.