Investment Summary

Norland Invests In iWorQ

On January 25, 2022, private equity firm Norland invested in software company iWorQ

Investment Highlights
  • This is Norland’s 3rd transaction in the Software sector.
  • This is Norland’s 2nd transaction in the United States.
  • This is Norland’s 1st transaction in Utah.

Investment Summary

Date 2022-01-25
Target iWorQ
Sector Software
Investor(s) Norland
Deal Type Growth Capital

Target

iWorQ

Logan, Utah, United States
iWorQ is a provider of business-critical workflow software that runs the day-to-day operations of nearly 2,000 city and county governments across all 50 states and Canada. The company continues to innovate for the tens of thousands of government employees that use their software today, with more than 20 highly-configurable software applications that you can access on the web and your mobile device. It helps cities and counties manage everything from permitting, planning & zoning, code enforcement, licensing, work orders, inspections, fleet and fuel tracking, pavement management, backflow prevention, stormwater management, facility management, and much more. iWorQ was formed in 1999 and is based in Logan, Utah.

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Investor(S) 1

Investor
DESCRIPTION

Norland is a private equity firm focused on investing in tech companies. Norland looks to invest $20m to $150m of equity in minority or control transactions. Norland's core areas of expertise are tech product & engineering and Infrastructure & systems. Norland was founded in 2016 and is based in San Francisco, California.


DEAL STATS #
Overall 4 of 4
Sector (Software) 3 of 3
Type (Growth Capital) 1 of 1
State (Utah) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-09 Immix

Tampa, Florida, United States

Immix is a video monitoring security software that develops software to improve your ability to manage and respond to security events by creating an intuitive, easy-to-use software integration platform. Whether it's to protect your customer's facilities, assets, and people or your own, the mission has always been the same: to provide a common platform connecting different systems. Immix is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-28 Permaconn

Rydalmere, Australia

Permaconn provides critical alarm comms for high-value industries including financial, retail, government, and educational institutions. Permaconn was founded in 1999 and is based in Rydalmere, Australia.

Sell -