insightsoftware will continue to be supported by existing shareholders TA Associates, Genstar and ST6 in a transaction valuing the business at an Enterprise Value of around $4 billioninsightsoftware, a global provider of enterprise software solutions for the âOffice of the CFOâ, today announced that it has secured an investment from Hg, a leading global software and services investor.The Hg Saturn 2 Fund will make a c.$1 billion equity investment in insightsoftware to become a significant minority shareholder alongside TA Associates (âTAâ) in a transaction valuing the business at an Enterprise Value of around $4 billion.
As part of the transaction, insightsoftware will also continue to be supported by minority shareholders Genstar and ST6.insightsoftware is a leading provider of financial reporting and enterprise performance management (EPM) software, enabling the âOffice of the CFOâ to connect to and make sense of enterprise data in real time so they can proactively drive greater financial intelligence.insightsoftware was formed in 2018 by TA and ST6.
Since then, the business has grown rapidly, building a suite of software products across reporting, budgeting & planning, close & consolidation, tax, disclosure and equity management.
Today, more than 28,000 customers worldwide rely on these products to provide them with increased productivity, visibility, accuracy and compliance across their organizations.
Headquartered in Raleigh, NC, with offices around the world, insightsoftware has more than 1,000 employees serving over 600,000 global users.Mark Friedman, Executive Chairman of insightsoftware and Managing Director of ST6, said: âIn insightsoftware we have brought together some of the best investors and most experienced operators in enterprise software.
This alignment and focus, after multiple years of working together to build businesses, has resulted in value creation of significant velocity after just a few years, starting with a business with $35 million in revenues to one with revenues almost 10 times that today.