Providence Strategic Growth Acquires I'Car Systems-DATAFIRST Group

Imaweb Acquires Procar to Establish Presence in DACH Region

January 25, 2021

Software

Imaweb, a PSG-backed European automotive dealership software provider, has acquired Procar, a leading German provider of digital software solutions for dealerships, to establish a significant presence in the DACH market. The deal strengthens Imaweb's pan‑European footprint and creates a platform for further consolidation of dealer software vendors in the region; financial terms were not disclosed.

Providence Strategic Growth Invests in MAPAL Software

September 9, 2019

Cloud & SaaS

Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, has completed a growth investment in MAPAL Software, a Madrid-based developer of restaurant management and business analytics software. The capital will support MAPAL's international expansion across Europe, Latin America and the U.S. while the existing management team, led by founder Jorge Lurueña, remains in place.

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 ThreatConnect

June 3, 2019

Cybersecurity

Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, has made a strategic growth investment in ThreatConnect, an Arlington, Virginia-based provider of an intelligence-driven security operations platform. The funding will be used to accelerate ThreatConnect's go-to-market strategy, product development and international expansion as the company plans to increase staff by more than 50% over the next 12 months.

PSG Leads $65M Growth Investment in Adeptia

March 22, 2023

Cloud & SaaS

PSG led a $65 million strategic growth investment in Adeptia, a Chicago-based B2B data integration software company. The capital will be used to accelerate product innovation, customer success and market adoption; Adeptia also appointed PSG Senior Advisor Vance Loiselle as CEO and Paul Moriarity as CRO as part of the new chapter.

Providence Strategic Growth and Workday Ventures Acquire Majority Stake in Jobcase

July 9, 2020

Software

Providence Strategic Growth (PSG) has acquired a majority stake in Jobcase, Inc., with Workday Ventures participating as a strategic investment partner and existing investor Savano Capital Partners remaining as a controlling investor alongside PSG. The investment includes $30 million of primary capital to accelerate Jobcase's product development, member services, and employer partnerships, and results in the exit of long-time shareholder Link Ventures.