Investment Summary

JMI Equity and Level Equity Management Invest In Higher Logic

On September 29, 2016, private equity firms JMI Equity and Level Equity Management invested in internet software and services company Higher Logic

Investment Highlights
  • This is JMI Equity’s 25th and Level Equity Management’s 10th transaction in the Internet Software and Services sector.
  • This is JMI Equity’s 75th and Level Equity Management’s 10th transaction in the United States.
  • This is JMI Equity’s 7th and Level Equity Management’s 1st transaction in Virginia.

Investment Summary
Date 2016-09-29
Target Higher Logic
Sector Internet Software and Services
Investor(s) JMI Equity
Level Equity Management
Deal Type Growth Capital

Target

Higher Logic

Arlington, Virginia, United States
Higher Logic is a cloud-based community platforms, with over 25 million engaged members in more than 200,000 communities. Organizations worldwide use Higher Logic to bring like-minded people all together by giving their community a home where they can meet, share ideas, answer questions and stay connected. Higher Logic was founded in 2007 and is based in Arlington, Virginia.

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Investor(S) 2

Investor

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.

DEAL STATS #
Overall 87 of 127
Sector (Internet Software and Services) 25 of 41
Type (Growth Capital) 22 of 50
State (Virginia) 7 of 9
Country (United States) 75 of 111
Year (2016) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-18 Granicus

Denver, Colorado, United States

Granicus is a provider of cloud-based government transparency, legislative management and digital marketing solutions for government agencies across North America and the United Kingdom. The Company’s software solutions empower government organizations to create better lives for their constituents by enabling better decision making, communications and engagement while driving significant organizational efficiency via the automation of daily legislative workflows. Granicus was founded in 1999 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Axonify

Waterloo, Ontario, Canada

Axonify is a SaaS employee knowledge platform that enables organizations to completely modernize corporate learning to achieve specific business outcomes. Powerhouse brands like Walmart, Toyota and Johnson & Johnson are leveraging the Axonify platform to fuel their employees with the knowledge they need to be successful on the job. Axonify was formed in 2011 and is based in Waterloo, Ontario.

Buy -
Investor

Level Equity Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Level Equity Management LLC is a private investment firm focused on providing equity and structured capital to growth businesses. Sectors of interest include e-commerce, healthcare services, IT, internet software, and media. Level Equity Management was formed in 2009 and is based in New York City.

DEAL STATS #
Overall 13 of 60
Sector (Internet Software and Services) 10 of 30
Type (Growth Capital) 4 of 24
State (Virginia) 1 of 1
Country (United States) 10 of 50
Year (2016) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-08 CarePlus Management

Watkinsville, Georgia, United States

CarePlus Management has three primary businesses RADAR Healthcare Providers ("RADAR") which provides staffing and locum tenens services focused on anesthesia providers, Anesthesia services division, similar to CRH's clinical anesthesia services and Premier Choice Billing ("Premier Choice") which provides billing, revenue cycle management (RCM) and collection services for healthcare entities. CarePlus Management was founded in 2010 and is based in Watkinsville, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 simPRO

Eight Mile Plains, Australia

simPRO Software is a provider of edge job management software for the trade service industry. The cloud-based system helps businesses work smarter, provide exceptional service, and maximize their profitability. The software is designed for operators in the electrical, plumbing, HVAC, and security industries. simPRO was formed in 2002 and is based in Queensland, Australia.

Buy -
Mergr

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