Growth Capital • Internet Software and Services

Warburg Pincus Invests In Brightly Software

On February 3, 2014, private equity firm Warburg Pincus invested in internet software and services company Brightly Software

Investment Context
  • This is Warburg Pincus’ 13th transaction in the Internet Software and Services sector.
  • This is Warburg Pincus’ 129th transaction in the United States.
  • This is Warburg Pincus’ 5th transaction in North Carolina.
Investment Fate
  • Brightly Software was sold to a consortium of financial buyers in 2019.
  • Brightly Software was sold to a publicly-traded strategic buyer in 2022 for 1.6B USD.

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Investment Summary

Date February 3, 2014
Target Brightly Software
Sector Internet Software and Services
Investor(s) Warburg Pincus
Deal Type Growth Capital

Target Company

Brightly Software

Cary, North Carolina, United States
Brightly Software is a provider of cloud-based operations management software to the education, government, healthcare, and manufacturing verticals. Brightly Software was founded in 1999 and is headquartered in Cary, North Carolina.
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Investor Overview 1

Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


Deal Context for Investor #
Overall 247 of 493
Sector: Internet Software and Services 13 of 39
Type: Growth Capital 68 of 159
State: North Carolina 5 of 7
Country: United States 129 of 242
Year: 2014 7 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-23 Santander Consumer USA

Dallas, Texas, United States

Santander Consumer USA is a provider of financial services for vehicle and consumer lending products. Santander Consumer USA was founded in 1995 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-11 Access TeleCare

Dallas, Texas, United States

Access TeleCare is a provider of telemedicine technology and solutions to hospitals, health systems, post-acute providers, physician networks, value-based care organizations, and health plans. Built on proven and scalable infrastructure as an enterprise-wide solution, Access TeleCare’s technology platform, Telemed IQ, rapidly deploys and seamlessly optimizes telemedicine programs across the continuum of care. Access TeleCare is based in Dallas, Texas.

Buy -