Private equity company Thoma Bravo has completed the acquisition of end-to-end enterprise data analysis firm Infogix, Inc., from an affiliate of H.I.G. Capital. Financial details were not disclosed.
Thoma Bravo's extensive portfolio already includes Internet and mobile cloud testing and monitoring firm Keynote Systems, acquired in August 2013 for $395m; and US-based government intelligence specialist Deltek, acquired for $1.1bn a year earlier; as well as customer behaviour analysis firm Empirix and user experience insights firm Dynatrace.
Its latest acquisition, Infogix, is headquartered in Naperville, Illinois, and helps corporations analyze data as it moves through complex business environments to improve the customer experience, corporate profitability and operational efficiency. Its Enterprise Data Analysis Platform has the ability to predict customer behavior and identify and predict fraud.
A.J. Rohde, a Partner at Thoma Bravo, says his firm has been 'extremely impressed by the product vision and customer-centric ethos of Infogix CEO and president, Sumit Nijhawan (pictured), and the entire leadership team'. Nijhawan, whose past career includes time at management consultancy PwC as well as three years at SPSS, welcomes Thoma Bravo's expertise in growing high-quality software companies and says the deal will give Infogix 'the resources and support to both fuel organic growth and pursue complementary acquisitions'. He adds: 'In addition, their guidance will help us identify and target investment in new solutions for the vertical markets we serve'.
Web site: www.infogix.com .
All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.
Register (free) for Daily Research News
REGISTER FOR NEWS EMAILS
To receive (free) news headlines by email, please register online