Hg invests in Prophix

"This is a really momentous announcement for the team at Prophix and we warmly welcome Hg as a key strategic partner today. It has been an incredible journey to date, and I am so grateful to the enormous talent that has seen us get to this stage. Together with Hg we will move forward with an unstoppable team and a very bright future for the business."

Paul Barber, Founder and Executive Chairman of Prophix
Welcome to Hg's monthly digest, designed to keep you updated with news from Hg and our network of portfolio companies.The newsletter can also be found on our website where you can also subscribe. Alternatively, follow us on Twitter and LinkedIn.
 
Hg News
 
Hg invests in Geomatikk
"Hg has a long history of significantly scaling technology businesses in the Nordics. We believe that their extensive experience in software and technology transformation will enable us to provide an even more seamless and compelling product for our customers." Read more
Hg turned 20 in 2020
Hg today looks less like a traditional private equity firm with over 35 portfolio companies. Instead we are more like an industrial software and services organisation - one of the largest software companies in Europe with over 35 divisions. Read more
Hg Factsheet
Hg publishes a regularly updated factsheet covering Hg, its portfolio, its investment activity, and its long-term record. We hope that you find it useful! Read more
Our Thinking
 
Hg Insight: Data is the Key:
an Access project

Hg supported Access in applying data tools to their range of fully integrated mission-critical business management software. As the business has grown, this breadth of offering has given rise to a huge cross-sell opportunity which data can unlock. Watch the film
"Scale your team"
"You have to find ways to give up some control as you bring on the right management team to help shoulder the burden of growth."
Alok Ajmera of Prophix Software speaks to Thrive Global.
Read more
Hg Insight:
How 2020 Reshaped
the Insurance Industry

Insurers & brokers have responded to the pandemic, harnessing digital and innovating. As they prove they are no longer laggards in the tech arena, there is an opportunity to rebuild reputations. Read more
Hg Insight:
Transforming Talent
Talent is one of the greatest value-creation levers you can pull in a PE-backed company. Elizabeth Wallace, Hg's Head of Portfolio Talent, outlines how the use of data and new technology tools are transforming talent management at a time of great challenge and opportunity.
Read more
"Don't hire people like you"
IRIS CEO, Elona Mortimer-Zhika, has been featured on BBC Business News as part of a new mini-series called Paths to Success. She highlights the importance of hiring a diverse workforce and how this leads to creating a great business. Watch the film
David Issott at the JP Morgan Healthcare Conference
"The US software market is extremely deep. A lot of the trends in software come out of the US and go into Europe and other parts of the world, so we've always had an eye on that part of the market". Read more
Portfolio News
 
New CEO & CFO at Benevity
Executive Chairperson Bryan de Lottinville celebrates his successor, Kelly Schmitt, their new CEO and Candice Li who will become CFO in February.
Read some words from Bryan
Strength to
strength at smartTrade

smartTrade has had a great year despite the many challenges faced in 2020. Since Hg's investment they have enhanced their open & API-enabled tech and increased function across their product range.
Read more
IRIS invests in Senta
"With the incredible IRIS Software Group resources and working with an amazing IRIS team we'll be able to take our solution to the next level. We couldn't be more excited about IRIS investing in Senta and joining the IRIS family." Read more
IRIS acquires Staffology
Staffology is cloud payroll software built on a comprehensive, open API. The firm complements the IRIS goal to revolutionise cloud-based payroll, and help customers take advantage of superior automation tools that streamline processes and integrate with other applications, freeing time and energy to focus on more strategic activity. Read more
FEfundinfo enhances
ESG with CSSP

CSSP is a consulting & research house with a strong reputation for providing clients with market-leading ESG data and reporting, allowing them to fully understand the ESG and climate-related risks and opportunities within their investments. Read more
Litera acquires Foundation
The Foundation platform helps lawyers improve client service, win new business, and gain insight into both the business and practice of law. This expands Litera's offering to include the business of law, increasing their ability to provide value to its law firm customers across the matter and client lifecycles. Read more
Access acquires Sage ACAP
The acquisition of the Sage businesses in APAC significantly advances Access' global presence following the recent purchases of Attache in November 2019 and Unleashed in November 2020 and further strengthens Access' position in the Asia-pacific region. Read more
EasyBuild offers ERP software designed to meet the needs of the construction sector. Building on the acquisition of ConQuest in 2018, this addition provides Access with the most comprehensive set of software solutions in this industry."  Read more
Sovos acquires LTax
"Combined with Sovos' deep withholding reconciliation capabilities, LTtax's automation delivers a complete, compelling solution for customers," Andrew Hovancik, CEO, Sovos. Read more
 
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