New York City-based Information Builders, a provider of business intelligence and analytics, data integrity and integration solutions, has raised an undisclosed amount of funding. Goldman Sachs led the round with participation from Bregal Sagemount. Deloitte served as lead financial adviser to Information Builders on the transaction.
NEW YORK, May 17, 2017 /PRNewswire/ — Information Builders, a leader in business intelligence (BI) and analytics, data integrity, and integration solutions, today announced a growth equity investment led by Goldman Sachs’ Private Capital Investing group (NYSE: GS). This investment will further extend Information Builders’ leadership position in the large and growing market for BI solutions.
Gerald Cohen, president and CEO of Information Builders said, “We are extremely pleased to have Goldman Sachs as an investor. Their investment in Information Builders affirms the value of our world-class technology and services and reinforces our efforts for growth moving forward.”
The Private Capital Investing group is Goldman Sachs’ investment platform dedicated to providing junior capital to growth and middle market companies throughout North America. The group is co-headed by Michael McGinn, managing director at Goldman Sachs, who will be joining the board as part of the investment. Also participating in the financing is Bregal Sagemount, a firm with an established track record of software investing.
“Goldman Sachs is pleased to contribute to Information Builders’ continued growth and innovation in the business intelligence industry,” said Stephen Kerns, vice president in Goldman Sachs’ Private Capital Investing group. “Information Builders has a long history of market leadership and customer-focused solutions, as demonstrated by its very strong reputation and impressive customer base. We look forward to working with Information Builders to further position the company for long-term growth.”
Deloitte acted as lead financial advisor to Information Builders on this minority investment transaction.
About Information Builders
Information Builders provides solutions for business intelligence (BI), analytics, data integration, and data quality that help drive performance improvements, innovation, and value. Through one set of powerful products, we enable organizations to serve everyone – analysts, non-technical users, even partners, customers, and citizens – with better data and analytics. Our dedication to customer success is unmatched with thousands of organizations relying on us as their trusted partner. Founded in 1975, Information Builders is headquartered in New York, NY, with global offices, and remains one of the largest independent, privately held companies in the industry. Visit us at informationbuilders.com, follow us on Twitter at @infobldrs, like us on Facebook, and visit our LinkedIn page.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.