HIG Capital (HIG) has completed the sale of its portfolio company, Infogix to an affiliate of Thoma Bravo, a private equity firm focused on investing in software and technology-enabled businesses.
Infogix, headquartered in Naperville, IL, is a provider of data analytics and integrity solutions to Fortune 1000 companies primarily in the healthcare, financial services, insurance, and media/communications industries. The Company’s software is an integral component of the daily operations of its customers by providing benefits including improved operating efficiency, data integrity, increased profitability, and accelerated revenue growth. The Company’s solutions uniquely enable customers to automate the process of capturing and analysing large volumes of data in real-time across multiple applications, to improve operational efficiencies in daily workflow and better manage business through automated and customisable user interfaces.
“We are delighted to have worked with HIG over the last several years. Together, we developed a strategic vision to accelerate growth and systematically executed on all of our initiatives, while maintaining the loyalty and high satisfaction of our customers,” says Sumit Nijhawan, Chief Executive Officer of Infogix. “These initiatives have made us a stronger company from a technology, commercial and financial standpoint and have positioned us for sustained growth in the future.”
“We are very fortunate to have developed such a collaborative and fruitful partnership with Sumit and the rest of the Infogix management team. The team did a fantastic job doubling revenue and profits during our investment period, and we look forward to watching the Company continue to grow with its new investment partners,” says Keval Patel, a Managing Director of HIG Capital. “This investment adds to our successful track record of investing in technology and software companies, a core focus for HIG”
