An affiliate of HIG Capital, along with Split Rock Partners, has closed the acquisition of HelpSystems.
Headquartered in Eden Prairie, MN, HelpSystems is a leading provider of system & network management, business intelligence, and security & compliance solutions. With over 9,000 customers across a broad range of industries, HelpSystems is the market leader within system & network management for the IBM-i operating system and is rapidly expanding its presence on the Windows, Linux, and Unix platforms.
Fraser Preston (pictured), Managing Director at HIG, says: “We are excited to begin our journey with Chris Heim, Dan Mayleben, and the rest of the HelpSystems team. There is immense opportunity ahead for the Company as it continues to solve important problems and capitalise on the immense growth opportunities in the IT automation, security, and business intelligence markets.”
Chris Heim, HelpSystems’ CEO, says: “HelpSystems and HIG have common philosophies about customer focus, taking care of employees and product innovation. We look forward to partnering with HIG and Split Rock in the next chapter for HelpSystems.”
Evercore acted as lead financial advisor to HIG Credit Suisse was also a financial advisor to HIG
