Temasek has made an undisclosed investment in Intapp, a provider of business applications for law firms and professional services firms. InTapp’s previous backer Great Hill Partners will retain a stake in the company. Evercore provided financial advice to Intapp on the transaction.
PALO ALTO, Calif., April 12, 2017 – Intapp, a global leader in business applications for law firms and professional services firms, today announced that it has reached a definitive agreement to take a significant investment from Temasek, a Singapore-based investment company with 11 offices internationally, including in San Francisco, New York, and London.
Investment from Temasek will provide additional growth capital to support the company’s continued expansion over time — both organically and through acquisitions — deepening its offerings for the legal market, and extending its solutions for the broader professional services space worldwide.
Intapp provides software that enables professional services firms to thrive in an increasingly competitive marketplace through transformational change — improving operational efficiency, reducing risk, and aligning business operations with strategy — enabling firms to more effectively meet and exceed client expectations.
“The investment and support from Temasek will enable us to accelerate our efforts to deliver market-leading innovation to law firms and professional services organizations,” said John Hall, CEO of Intapp. “This investment supports our goal of helping firms, facing unprecedented challenges and opportunities, better compete in the marketplace by further enhancing their focus on client success.”
Temasek will work alongside Great Hill Partners, a private equity firm which invested in Intapp in 2012.
“Over the past four years, Intapp has achieved tremendous growth — adding four hundred new customers, and increasing revenue four hundred percent,” said Chris Gaffney, Managing Partner, Great Hill Partners. “We look forward to working closely with Temasek and the Intapp management team to support Intapp’s continued expansion.”
Great Hill will maintain an investment and continue to play an active role in the company.
Evercore acted as the exclusive financial advisor to Intapp.
Incorporated in 1974, Temasek is an investment company based in Singapore. Supported by 11 offices globally, Temasek owns a S$242 billion (US$180b) portfolio as at 31 March 2016, mainly in Singapore and Asia. Temasek’s portfolio covers a broad spectrum of industries: telecommunications, media & technology; financial services; transportation & industrials; consumer & real estate; life sciences & agriculture; as well as energy & resources. Its investment activities are guided by four investment themes and the long term trends they represent: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. For more information, visit www.temasek.com.sg.
About Great Hill Partners
Great Hill Partners is a Boston-based private equity firm that has raised over $5 billion in commitments since inception to finance the acquisition, recapitalization, or expansion of rapidly growing companies in a wide range of sectors within the business and consumer services, healthcare, media, communications and software industries. Great Hill targets investments of $25 million to $150 million. For more information, visit www.greathillpartners.com.