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Hg Invests in Prophix to Continue to Scale the Business and Invest Further in Product and Technology

Jan 06, 2021•over 4 years ago

Mississauga

Description

Prophix, a global leader in Corporate Performance Management (CPM) software, today announces an investment from Hg, a leading global software investor. Hg’s investment is expected to accelerate and scale Prophix’s growth and fund further development of its product capabilities.

Company Information

Company

Location

Mississauga, Ontario, Canada

About

Hg is a leading European investor in software and services, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses. Hg has funds under management of over $30 billion, with an investment team of over 140 professionals, plus a portfolio team of more than 30 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich and New York, Hg has a portfolio of over 30 software and technology businesses, worth over $50 billion aggregate enterprise value, with over 35,000 employees globally. For further details, please visit the Hg website: https://hgcapital.com/.

Company News

(10 articles)

Fri, 06 Nov 2020 08:00:00 GMT

Gen II Gains Significant New Investment From Global Investors to Fuel Continued Long-Term Expansion - General Atlantic

Fri, 28 Nov 2014 19:00:52 GMT

Hg - Crunchbase

Wed, 24 Mar 2021 07:00:00 GMT

Mitratech Announces Strategic Investment from Ontario Teachers’ - otpp.com

Thu, 03 Dec 2020 08:00:00 GMT

Benevity Announces Investment from Hg to Continue to Strengthen Corporate Purpose Globally - Business Wire

Tue, 24 Oct 2023 07:00:00 GMT

Hg launches Fusion to enable investors access to Hg's investment strategies through a single investment - PR Newswire UK

Mon, 17 Jul 2023 07:00:00 GMT

Buyout groups raise debt against portfolios to return cash as dealmaking slows - Financial Times

Thu, 23 Jan 2020 08:00:00 GMT

Novacap to Sell Majority Stake in Intelerad Medical Systems - PR Newswire

Tue, 20 Oct 2020 07:00:00 GMT

Access UK (t/a The Access Group) secures Growth Private Equity from Hg and TA Associates - UK Tech Investment News

Thu, 18 Feb 2021 08:00:00 GMT

Two World-Leading Impact and Sustainability Funds Invest in - GlobeNewswire

Fri, 21 Aug 2020 07:00:00 GMT

Visma reaches valuation of US$12.2 billion after new investment - Cision News

FundzWatch™ Score

Medium Activity