Hg Makes Strategic Growth Investment in CINC Systems

Spectrum Equity Makes Growth Investment in CINC Systems

June 1, 2020

Cloud & SaaS

Spectrum Equity has made a growth investment in CINC Systems, a Duluth, Georgia–based provider of SaaS solutions for the community association industry. The capital will support product innovation and expanded sales and marketing efforts; CINC also announced senior executive hires, a new sister investment vehicle (CINC Capital) to support industry rollups, and a Spectrum director joining CINC's board. Financial terms were not disclosed.

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.

CINC Systems Acquires HOAst, Inc.

September 13, 2021

Cloud & SaaS

CINC Systems, a leading SaaS provider for community association management, has completed the acquisition of HOAst, Inc., an e-voting platform for homeowner and condominium associations. The deal integrates HOAst's electronic voting capabilities into CINC's platform to streamline quorum attainment and election integrity for HOAs/COAs across the U.S., expanding CINC's product capabilities for customers and management companies.

Hg Leads Growth Investment in Silverfin to Accelerate International Expansion

June 9, 2020

Cloud & SaaS

Hg has led a minority growth investment in Silverfin to support the Belgian cloud accounting platform's international expansion and product development. The funding (from Hg's Mercury 2 Fund) will help Silverfin scale its cloud-based financial data hub and analytics capabilities; terms were not disclosed.

Hg Makes Strategic Investment in HHAeXchange alongside Cressey & Company

September 14, 2021

Cloud & SaaS

Hg has made a strategic growth investment in HHAeXchange, a leading SaaS provider of homecare management solutions, alongside existing investor Cressey & Company LP, which will remain a significant shareholder and share joint governance. The capital will support HHAeXchange's continued product development and expansion of its enterprise and mobile platform serving payers, providers and state Medicaid agencies.

CINC Systems Acquires ONR Applications, Inc.

January 6, 2025

Software

CINC Systems, a PE-backed leader in community association management software, has acquired ONR Applications, a resident engagement mobile platform, to integrate advanced communication and resident-facing features into CINC’s product suite. The deal brings ONR’s founders and executive team into CINC as shareholders and aims to create an end-to-end HOA/community association management platform.