JMI Equity Makes Strategic Growth Investment in Arena Solutions

PTC Acquires SaaS PLM Provider Arena Solutions

December 14, 2020

Cloud & SaaS

PTC (NASDAQ: PTC) has signed a definitive agreement to acquire Arena Solutions, a SaaS product lifecycle management (PLM) platform provider, for $715 million in cash. The acquisition expands PTC’s SaaS product development portfolio—combining Arena’s PLM and quality management capabilities with PTC’s CAD and PLM offerings—to deliver a complete CAD + PLM SaaS solution and accelerate PTC’s leadership in industrial SaaS.

JMI Equity Makes Growth Investment in Bloomerang

September 17, 2020

Cloud & SaaS

Bloomerang, an Indianapolis-based cloud donor management software provider for nonprofits, received a strategic growth investment from growth equity firm JMI Equity. The partnership will support Bloomerang’s product and customer expansion while allowing the company to retain operational autonomy; JMI partners will join Bloomerang’s board of directors.

JMI Equity Makes Growth Investment in Canto

March 9, 2021

Cloud & SaaS

JMI Equity has made a strategic growth investment in Canto to accelerate product development, expand customer-facing teams, and drive growth for Canto's cloud-based digital asset management (DAM) platform. The funding will support global expansion and continued innovation of Canto's DAM software, which is headquartered in San Francisco and used by thousands of organizations.

JMI Equity Leads $75M Growth Investment in Performio

June 14, 2022

Cloud & SaaS

JMI Equity led a $75 million growth investment in Performio to support the sales commission software provider’s global expansion, product development, and talent acquisition. The minority growth capital will accelerate Performio’s cloud-based incentive compensation management platform as it scales in mid-market and enterprise segments.

JMI Equity Makes Growth Investment in Greenlight Guru

June 15, 2021

Cloud & SaaS

JMI Equity has made a strategic growth investment in Greenlight Guru, a cloud-based quality and regulatory management platform for medical device companies. The capital will be used to accelerate product development, expand product capabilities across the patient-centric value chain, and support global growth.

JMI Equity Invests in Incident IQ

August 26, 2021

Software

JMI Equity has made a strategic growth investment in Incident IQ, a K-12-focused service management platform based in Atlanta. The funding will accelerate product development to expand the platform beyond IT and facilities, grow the team, and bolster customer support, while JMI partner Larry Contrella joins Incident IQ's board.