Providence Strategic Growth Invests in Wagepoint

Providence Strategic Growth (PSG) Takes Majority Stake in Signaturit

October 28, 2020

Cloud & SaaS

Funds managed by Providence Strategic Growth (PSG) have signed a majority investment in Signaturit, a Barcelona-based provider of cloud-based trust services including eSignature, eDelivery and eID. PSG will support Signaturit's product diversification, geographic expansion and strategic M&A as the company scales (Signaturit's founders retain a stake and Juan Zamora remains CEO).

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 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.

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 €32M in Net Reviews

November 12, 2019

Cloud & SaaS

Providence Strategic Growth (PSG) has agreed to provide a €32 million growth investment in Net Reviews, a Marseille-based developer of SaaS customer review management software (trading as Verified Reviews/Avis Vérifiés). The investment will support Net Reviews' expansion across Europe and the Americas via organic growth and strategic acquisitions while the founding management team remains in place.

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.