Private equity firm Bregal Sagemount has made a majority investment in Single Digits, a provider of High Speed Internet Access (HSIA) management software and managed services to the hospitality, healthcare, education, transportation, retail, and office verticals.
Sagemount made the investment alongside Single Digits’ founders, Chief Executive Officer Robert Goldstein and President Stephen A Singlar. The transaction includes a substantial primary capital injection that will allow Single Digits to actively pursue its strategic acquisition and organic growth initiatives. No further terms of the transaction were disclosed.
"We are excited to formally begin our partnership with the Bregal Sagemount team, whom we have had the pleasure of knowing for several years,” says Robert Goldstein, Co-Founder and Chief Executive Officer of Single Digits. “The new investment will allow Single Digits to invest in new product enhancements to stay ahead of our clients’ needs and continue to be the provider and acquirer of choice in the HSIA space.”
The investment in Single Digits builds on Sagemount’s track record of successful transactions in the software, data infrastructure, and managed services spaces. Single Digits’ solutions allow public venues, such as hotels, arenas, malls, and transportation hubs, to provide secure, high reliability, fast broadband access to their guests and customers. The company’s core software solution, the Broadband Authentication Platform (“BAP”), empowers each client to tailor their HSIA offering to their unique needs. The BAP is complemented by a full suite of offerings, including IP network design and deployment, real time proactive network monitoring, 24×7 live customer support, and network optimisation/network access control technology.
“High quality, hassle-free data connectivity is critical to the customer experience for hotels and other public venues,” says Daniel Kim, Founding Partner of Bregal Sagemount. “Single Digits has built a reputation in the industry as the trusted holistic HSIA/WiFi solution provider. The Single Digits team is world class and is poised to build on its established market leadership position organically and through acquisitions.”
“It is an exciting time for the Single Digits family,” says Stephen A Singlar, Co-Founder and President of Single Digits. “We are thrilled to partner with the Sagemount team, who like us, believes in investing in continued product innovation and in enhancing our strong client service capabilities. We look forward to partnering with Bregal and benefiting from their valuable operational insights and financial expertise.”
