OpenGate Capital Acquires Majority Interest in InRule Technology

Pamlico Capital Invests in InRule Technology

October 13, 2023

AI & Machine Learning

Pamlico Capital has made a strategic growth investment in InRule Technology, an intelligence automation company that provides decisioning, machine learning and process automation software for enterprise customers. Terms were not disclosed; the backing will help InRule accelerate product delivery and expand its intelligence automation offerings following recent growth and prior acquisitions, and marks the culmination of a partnership with prior investor OpenGate Capital.

InRule Technology Acquires simMachines

June 8, 2021

Software

InRule Technology, a portfolio company of OpenGate Capital, has acquired Chicago-based simMachines, a provider of explainable AI (XAI) and machine learning software. The add-on expands InRule's decision automation platform by integrating simMachines' XAI capabilities to deliver more transparent, auditable AI-driven predictions for regulated enterprise customers; financial terms were not disclosed.

SolomonEdwards Acquires OpenGate Consulting

February 1, 2023

Consulting

SolomonEdwards, a Renovus Capital Partners–backed professional services firm, has acquired OpenGate Consulting, a Salesforce-focused business and technology consultancy. The acquisition expands SolomonEdwards' technology and Salesforce capabilities to better serve its financial services and healthcare clients as part of an aggressive growth and acquisition strategy.

Featheringill Capital Acquires Majority Stake in InvestEdge

October 2, 2020

Software

Featheringill Capital acquired a majority interest in InvestEdge, Inc., a provider of compliance, portfolio management, and UMA software for wealth managers. The investment provides InvestEdge with capital to strengthen its financial position and accelerate product development and customer support, with senior management supporting and participating in the transaction.

OpenGate Capital Acquires Aurotech, Inc.

November 2, 2020

IT Services

OpenGate Capital, a Los Angeles-based private equity firm, has acquired a majority interest in Aurotech, Inc., a Silver Spring, Maryland provider of digital services for U.S. federal healthcare and adjacent civilian agencies. Founder Hetal Patel remains as President and CEO and Aurotech will pursue growth and add-on acquisitions with OpenGate's operational support; terms were not disclosed.

Foresight VCTs Invest £3.5M in Ruleguard

September 12, 2022

Cloud & SaaS

Two of Foresight Group's VCTs, Foresight VCT and Foresight Enterprise VCT, completed a £3.5 million growth equity investment in Ruleguard, a London-based RegTech SaaS provider. The funding will be used to develop additional platform capabilities and scale sales and marketing to capitalise on demand from regulated financial institutions.