Investment Summary

Greater Sum Ventures and Lightyear Capital Invest In ProfitSolv

On May 1, 2020, private equity firms Greater Sum Ventures and Lightyear Capital invested in information technology company ProfitSolv

Investment Highlights
  • This is Greater Sum Ventures’ 2nd and Lightyear Capital’s 3rd transaction in the Information Technology sector.
  • This is Greater Sum Ventures’ 6th and Lightyear Capital’s 31st transaction in the United States.
  • This is Greater Sum Ventures’ 5th and Lightyear Capital’s 2nd transaction in Tennessee.

Investment Summary

Date 2020-05-01
Target ProfitSolv
Sector Information Technology
Investor(s) Greater Sum Ventures
Lightyear Capital
Deal Type Growth Capital

Target

ProfitSolv

Knoxville, Tennessee, United States
ProfitSolv is a provider of software solutions for legal, accounting, and other professional services firms including consulting, architecture, and engineering. ProfitSolv is based in Knoxville, Tennessee.

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Investor(S) 2

DESCRIPTION

Greater Sum Ventures is a private equity firm focused on investing in US-based technology companies. Areas of interest include software, SaaS, technology-enabled information services, and technology-enabled business services. Prospective transaction situations include buyouts, growth capital financings, and recapitalizations. Greater Sum Ventures was formed in 2015 and is headquartered in Knoxville, Tennessee.


DEAL STATS #
Overall 6 of 12
Sector (Information Technology) 2 of 3
Type (Growth Capital) 3 of 7
State (Tennessee) 5 of 7
Country (United States) 6 of 12
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Vehlo

Knoxville, Tennessee, United States

Vehlo is a provider of software and financial solutions for the automotive repair industry. Its product suite consists of everything the modern auto service provider needs to deliver an excellent customer experience and run a profitable business. Vehlo is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Stax

Orlando, Florida, United States

Stax provides businesses and SaaS platforms the ability to manage their payment ecosystem, analyze data, and simplify their customer experience through fully integrated solutions. Stax was founded in 2014 and is based in Orlando, Florida.

Buy -
Investor

Lightyear Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 4.1B USD
Size Large
Type Sector Focused
DESCRIPTION

Lightyear Capital is a specialist private equity firm that pursues brand-name businesses in the financial services sector. Lightyear looks for companies with stable, recurring revenues that operate in growing markets. Transaction strategies include leveraged buyouts, recapitalizations, restructurings and consolidations. Lightyear Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 36 of 45
Sector (Information Technology) 3 of 3
Type (Growth Capital) 5 of 8
State (Tennessee) 2 of 2
Country (United States) 31 of 39
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Vehlo

Knoxville, Tennessee, United States

Vehlo is a provider of software and financial solutions for the automotive repair industry. Its product suite consists of everything the modern auto service provider needs to deliver an excellent customer experience and run a profitable business. Vehlo is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-22 HealthPlanOne

Trumbull, Connecticut, United States

HealthPlanOne is a technology-enabled platform and online marketplace delivering end-to-end, direct-to-consumer enrollment solutions focused exclusively on the high-growth Medicare insurance market. HPOne is a fast-growing, independent digital insurance broker that uses proprietary technology solutions coupled with deep industry knowledge, the Company provides an online marketplace for consumers purchasing Medicare plans, along with a range of outsourced sales, marketing, and contact services for national and regional health plans including MedicareUSA.com, the Company's online Medicare enrollment portal. HPOne's core differentiation is its exclusive focus on the Medicare health insurance industry, bringing innovative and performance-based solutions that benefit from the increasing digitization of insurance distribution. With state-of-the-art online marketing, multiple US-based contact centers, expertise in home-based workforce management, and an experienced management team, HPOne provides consumers with online tools to compare and purchase Medicare plans and its clients with the solutions they need to profitably grow and manage their businesses. HealthPlanOne was formed in 2006 and is based in Trumbull, Connecticut.

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