Hg invests in AUVESY

AUVESY is a provider of version control software for smart production machinery and other industrial Internet of Things devices. AUVESY manages over 5 million industrial IoT devices across 45 countries, serving over 700 loyal customers.

Hg at Megabuyte CEO Summit
We are hosting 'Post-COVID Hotspots in Enterprise Software' at this year's event. As we emerge from the pandemic, accelerated digital transformation will impact enterprise software requirements resulting in both opportunities and risks for scale-up and established vendors alike. Register to attend
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
upReach partners with
The Hg Foundation

"This new partnership will transform the opportunities that students from disadvantaged backgrounds have in securing graduate roles in the technology sector, engaging leading employers in the social mobility challenge." Read more
team.blue: diversity and climate targets in the small print
The second financing arrangement with ESGD (for Diversity) targets built in, arranged by Hg. Increasing renewable energy and promoting gender diversity directly impacts their bottom line. Read more
Diversity in Action Report

Based upon experiences of the Initiative's over 130 signatories, this report identifies best practices for integrating diversity, equity and inclusion into investment activities and organizational priorities. 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
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
Our Thinking
Hg Insight - HR Tech:
The Innovation Paradigm

Modern HR requirements create huge opportunities for vendors of HR tech, but only if they can innovate. This need for innovation comes with complex challenges. Vendors need to carefully navigate this gauntlet to become champions over the next decade. Read more
Hg Insight:
Does your business speak AI?

Hg's Data team were given beta access to OpenAI's 'GPT-3' AI text generation model that headlined in the media in 2020.
Tim Harrison interviews the AI, reviews the model and assesses its implications for software businesses.
Read more
Hg Tech Insight:
A relatively absolute performance

Hg's David Toms crunches the numbers to shed light on the world around us. This month he compares the big winners of lockdown to the more consistent cross-cycle growth stories of cloud software. Read more
Sovos Case Study: Building a single global solution for tax
Since 2016, Sovos and Hg have been united in a vision to build a trusted global leader in digitising tax, creating an increasingly comprehensive single cloud solution for tax compliance.

We consider why we like Sovos, what's been achieved so far, and look forward to continuing to support them as they grow and find themselves uniquely positioned to meet the demands of real time tax reporting across the world.
Read more
Portfolio News
Sovos acquires Acepta
"The acquisition of Acepta furthers Sovos' leadership in digital tax compliance and positions us to meet adjacent compliance needs as governments advance the digitization of their economies" Andrew Hovancik, CEO.
Read more
Prophix CEO interviewed on SaaShimi podcast
It is a common strategy to acquire a software company and then convert it into SaaS, but Prophix did it differently: they first turned the firm into a SaaS company, and only then brought outside investment from a sponsor. One interesting fact - Prophix's NPS score is 81... Listen here
IRIS one of the UK's
best places to work

Despite an incredibly challenging year for businesses the world over, IRIS was able to sustain its award-winning culture, ultimately achieving a 29th ranking on the 2021 UK's Best Workplaces list in the Super Large category published by Great Place to Work UK. Read more
ITR Group acquires Progressive
"We are strengthening our position in outsourcing to public and private customers by welcoming Progressive into the ITR Group, and we look forward to continuing the progress together and gaining even more impact in sales and supply processes based on Progressive's extensive experience and well-grown muscles in the field." Read more
Lyniate invests in Datica
"As the pace of change within healthcare and interoperability standards accelerates, Lyniate is setting the standard in removing system constraints that limit data liquidity. Our acquisition of Datica Integrate extends our customers' ability to effortlessly connect and aggregate the data from multiple systems of record through FHIR." Read more
Access invests in CPL Learning
"The acquisition of CPL Learning reinforces Access Hospitality's position as the UK's No 1 provider of software solutions for hospitality and leisure businesses... Operators use CPL to unlock the potential of their teams through pioneering learning and development solutions." Read more
Copenhagen Software
joins Miracle42 within the ITR Group

The 3rd acquisition in 4 months. for ITR, Copenhagen Software provides professional services within software and application development primarily on the Microsoft Azure Platform. Read more
Clocktimizer joins Litera
"We are excited to bring Clocktimizer into the Firm Intelligence business unit to deliver critical data through Foundation's enterprise data platform while also accelerating plans to help law firms improve profitability."
Read more
New legal tech division at Access
The launch follows the acquisitions of Eclipse Legal Systems and DPS Software in 2020, as well as The Access Group’s previous acquisitions of legal online training, compliance and risk management solution providers Riliance and Socrates. Combined, this means Access Legal has an initial customer base of 3,500 legal practices. Read more
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