We are long-term partners with the businesses that we team with. We seek to establish majority positions in market-leading cloud-software businesses, aligning ourselves with existing management to create exceptional value.
People are the essential component in building great software businesses. As such, we align ourselves with leading management teams that possess deep domain expertise. Our principals supplement this domain expertise with strategic guidance that has been formed by 25+ years of successfully investing and operating cloud-based businesses.
Growth is the lifeblood of a successful software company. We partner with management to accelerate investment in proven organic growth channels. We also serve as a full-service corporate development team, helping our companies understand the competitive landscape and enhance their M&A capabilities.
Driving growth with profitability is a delicate balance. We understand how to help our companies establish scalable and efficient sales and marketing, research and development, and administrative infrastructures, enabling not only rapid growth but superior profitability.
WHAT DO WE LOOK FOR IN OUR INVESTMENTS
TARGET TRANSACTION TYPES
Majority investments with capital for liquidity and/or growth including recapitalizations, buyouts, spin-offs and divestitures
Initial equity investment size of $10 - $50 million
TARGET COMPANY CHARACTERISTICS
Business Type: Cloud-based software and services businesses with highly recurring revenue models
Management: Experienced management team with a desire to continue to build the business over the long-term
Revenue Size: Approaching or exceeding $7 million of revenue
Company Growth: Double-digit growth rate
Profitability: Cash flow breakeven or better
Competitive Moat: Differentiated business with significant barriers to entry