H.I.G. Capital News
Executive Managing Director
1450 Brickell Avenue
Miami, FL 33131
H.I.G. Capital Completes Sale of Infogix
MIAMI – January 5, 2016 – H.I.G. Capital ("H.I.G."), a leading global private equity investment firm with $19 billion of equity capital under management, announced the sale of its portfolio company, Infogix (the “Company”), to an affiliate of Thoma Bravo, a leading private equity firm focused on investing in software and technology-enabled businesses.
Infogix, headquartered in Naperville, IL, is a leading 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 analyzing large volumes of data in real-time across multiple applications, to improve operational efficiencies in daily workflow and better manage business through automated and customizable user interfaces.
“We are delighted to have worked with H.I.G. 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,” said 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.” commented Keval Patel, a Managing Director of H.I.G. Capital. “This investment adds to our successful track record of investing in technology and software companies, a core focus for H.I.G.”
Infogix, headquartered in Naperville, IL, is a leading provider of data analytics and integrity solutions to Fortune 1000 companies in the healthcare, financial services, insurance, and media/communications industries. The Company’s software is an integral and critical component of the daily operations of its customers, providing improved operating efficiency, data integrity, increased profitability, and accelerated revenue growth. Infogix is perfectly aligned to address critical data analytics market drivers including the proliferation of big data across disparate information systems, increased speed of metrics-based decision making, escalating regulatory and compliance requirements, and rising incidences of fraud. The Company’s solutions uniquely enable customers to automate the process of capturing and analyzing large volumes of data in real-time across multiple applications to improve operational efficiencies in daily workflow and better manage business through automated and customizable user interfaces.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $19 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm currently manages a series of private equity funds representing more than $9 billion of equity commitments. More information about Thoma Bravo can be found at www.thomabravo.com.
* Based on total capital commitments to funds managed by H.I.G. Capital and its affiliates.