Investment Summary

PSG Invests In HeroDevs

On July 24, 2025, growth capital firm PSG invested in software company HeroDevs

Investment Highlights
  • This is PSG’s 45th transaction in the Software sector.
  • This is PSG’s 91st transaction in the United States.
  • This is PSG’s 3rd transaction in Utah.

Investment Summary

Date 2025-07-24
Target HeroDevs
Sector Software
Investor(s) PSG
Deal Type Growth Capital
Advisor(s) D.A. Davidson (Financial)
Foley & Lardner (Legal)

Target

HeroDevs

Sandy, Utah, United States
HeroDevs is a provider of security and compliance solutions for deprecated open-source software. HeroDevs is based in Sandy, Utah.

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Investor(S) 1

Investor

PSG

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 130 of 130
Sector: Software M&A 45 of 45
Type: Growth Capital M&A Deals 74 of 74
State: Utah M&A 3 of 3
Country: United States M&A 91 of 91
Year: 2025 M&A 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-16 Button

New York, New York, United States

Button is a commerce optimization platform that uses AI technology to improve the performance of creator and affiliate marketing. Button was founded in 2014 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-24 Sellsy

La Rochelle, France

Sellsy offers a fully-fledged CRM solution, including lead management, quotation and pipeline, marketing automation and contact management, coupled with key FMS functionalities including invoicing, payment reconciliation and liquidity management. Sellsy was founded in 2009 and is based in La Rochelle, France.

Sell -