Investment Summary

HarbourVest Partners and Resurgens Technology Partners Invest In Investment Metrics

On June 20, 2017, private equity firms HarbourVest Partners and Resurgens Technology Partners invested in information technology company Investment Metrics

Investment Highlights
  • This is HarbourVest Partners’ 19th and Resurgens Technology Partners’ 1st transaction in the Information Technology sector.
  • This is HarbourVest Partners’ 96th and Resurgens Technology Partners’ 1st transaction in the United States.
  • This is HarbourVest Partners’ 5th and Resurgens Technology Partners’ 1st transaction in Connecticut.
Investment Fate
  • Investment Metrics was sold to a strategic buyer in 2021 for 500M USD.

Investment Summary

Date 2017-06-20
Target Investment Metrics
Sector Information Technology
Investor(s) HarbourVest Partners
Resurgens Technology Partners
Deal Type Growth Capital
Advisor(s) Marlin & Associates Holding LLC (Financial)

Target

Investment Metrics

Norwalk, Connecticut, United States
website
Investment Metrics is a provider of investment performance analytics and reporting solutions for institutional consultants, asset managers, and private wealth advisors. Built by institutional investment consultants for investment professionals, the company’s solutions include PARis (performance analytics and reporting), InvestWorks (manager search and due diligence), EQuest (manager data portal), peer universe data, outsourced reporting services and InterSec Research for market intelligence. The company's solutions enable investment professionals to analyze, measure, and report client portfolios in a highly insightful, accurate, and efficient manner. Investment Metrics was formed in 2010 and is based in Norwalk, Connecticut.

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Investor(S) 2

Investor

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 159 of 223
Sector (Information Technology) 19 of 25
Type (Growth Capital) 24 of 30
State (Connecticut) 5 of 5
Country (United States) 96 of 133
Year (2017) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Curia

Albany, New York, United States

Curia is a provider of global contract research and manufacturing services to the pharmaceutical and biotechnology industries. The company's services include Drug Discovery, such as medicinal chemistry, discovery biology, and in vitro ADME, development, such as pre-formulation, formulation and validation and Manufacturing, such as CGMP API manufacturing. Curia was founded in 1991 and is based in Albany, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 Staples

Framingham, Massachusetts, United States

Staples is an office supply retailer. Staples sells and distributes a variety of office products for consumers as well as small to large companies around the world. Staples was formed in 1985 and is based in Framingham, Massachusetts.

Buy $6.9B
DESCRIPTION

Resurgens Technology Partners is a private equity firm focused on acquiring software and technology-enabled service companies. The Firm targets businesses with $5 to $30 million of recurring revenue and will consider opportunities throughout North America. Specific areas of interest include enterprise software, information services, and analytics. Resurgens has a preference for founder-owned companies with potential for market leadership. Resurgens Technology Partners was established in 2016 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 14
Sector (Information Technology) 1 of 3
Type (Growth Capital) 1 of 11
State (Connecticut) 1 of 1
Country (United States) 1 of 12
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 Castellan

Audubon, Pennsylvania, United States

Castellan is a provider of resilience management solutions – spanning consulting, software, managed services, and staffing. Leveraging a proprietary proven process for driving organizational readiness and response, Castellan partners with clients to establish a clear vision, drive real results, and provide ongoing support from their community of resilience experts. Castellan was founded in 2020 and is based in Audubon, Pennsylvania.

Buy -