Genstar invests in TA-backed insightsoftware


Genstar Capital said Aug. 14 that it has invested in insightsoftware. Financial terms weren’t announced. Insightsoftware provides ERP reporting and corporate performance management software. Insightsoftware is backed by TA Associates and ST6.

PRESS RELEASE
Genstar Capital Makes Strategic Growth Investment in insightsoftware

Partnership with TA Associates and management to accelerate growth trajectory

SAN FRANCISCO – August 14, 2019 – Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrial technology, and software industries, announced today an investment in insightsoftware, the market leader in enterprise resource planning (ERP) and enterprise performance management (EPM) reporting software.

With direct integrations to over 140 ERPs and EPMs, insightsoftware addresses an $8 billion market for financial and operations performance reporting. Headquartered in Raleigh, N.C., with offices around the world, the company has more than 450 employees to serve over 375,000 global users. insightsoftware solutions complement ERP and EPM systems by enabling real-time automated reporting, data syncing and analytics for hundreds of scenarios. With pre-populated templates deployed via the web or Microsoft Excel, users can be up and running in days, not months, driving better business outcomes.

Eli Weiss, Managing Director of Genstar, said, “Mike Lipps and his team at insightsoftware have built a great company with impressive momentum and future growth potential. The company’s products deliver compelling value to customers with immediate ROI for operational and financial reporting. With Genstar’s investment, we will help the company extend its leadership in reporting while enabling new avenues for growth, including global expansion.”

“We are fortunate to attract this level of investment and attention so early into our company’s formation,” said Mike Lipps, CEO of insightsoftware. “Genstar’s capital infusion validates the growth strategy we embarked upon with TA Associates in 2018, the capabilities of our team, and the value we deliver for our customers and ERP partners every day.”

Hythem El-Nazer, Managing Director of TA Associates, said, “This first year has been exciting and we are proud of the tremendous progress and growth achieved. We look forward to continuing our investment alongside Genstar Capital, helping insightsoftware expand into new geographic regions, including EMEA and APAC, and new product categories such as planning and forecasting.”

Mark Friedman, Executive Chairman of insightsoftware and Managing Director of ST6, commented, “With the formation of insightsoftware, we created a business that could solve the pain of millions of ERP users. With a focus on our ERP partners and cloud reporting, we continue to bolster product adoption. The ST6 team was really impressed with Mike and the management team and having personally worked with both Genstar Capital and TA Associates, I know this complementary partnership will enable us to build the world’s largest provider of ERP and EPM reporting software.”
About insightsoftware
insightsoftware’s financial reporting solutions are easy to install, use, analyze, and trust. With real-time integration to over 140 ERPs and EPMs, our solutions automate and accelerate financial and operational reporting processes, leaving you more time to focus on analysis and effective business decisions. With the industry’s highest customer satisfaction rate and 375,000+ customers worldwide, insightsoftware is the proven choice for all your reporting needs. Visit insightsoftware.com and discover how easy it is to make business sense of your data. For more information on insightsoftware, please visit: www.insightsoftware.com
About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $17 billion of assets under management and targets investments focused on targeted segments of the financial services, healthcare, industrial technology, and software industries.
About TA Associates
TA Associates (www.ta.com) is one of the most experienced global growth private equity firms. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $32.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong.
About ST6
ST6 is an elite team of software operating executives that partner with private equity sponsors to transform software companies and accelerate value creation.