Providence Strategic Growth Invests in Semarchy

PSG Makes Strategic Growth Investment in Searchspring

September 27, 2022

Cloud & SaaS

PSG, a growth equity firm, has made a strategic growth investment in Searchspring to accelerate the ecommerce site search, product merchandising, and personalization platform's product innovation and go-to-market expansion. Financial terms were not disclosed; existing investor Scaleworks will remain an investment partner.

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 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 Chatmeter

July 9, 2019

Cloud & SaaS

Funds advised by Providence Strategic Growth (PSG) have made a growth equity investment in Chatmeter to accelerate the company’s product, data science and go-to-market expansion. Chatmeter, a San Diego-based provider of local search marketing and reputation management SaaS for multi-location brands, will use the capital to support technology innovation and scale operations; terms were not disclosed.

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.

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.