Long Ridge Equity invest $42 mln in Broadway Technology

Long Ridge Equity Partners has invested $42 million into Broadway Technology LLC for a minority take. Broadway Tech provides high-performance software for global financial institutions. Per-Arne Weiner, Chris Hastings and Steve Dana of Signal Hill advised Broadway Technology.

PRESS RELEASE

Signal Hill is pleased to announce that its client Broadway Technology, LLC, a leading provider of high-performance software for global financial institutions, announced a $42 million minority investment led by Long Ridge Equity Partners.
The financing will accelerate Broadway’s growth into new global markets and will allow the company to further expand its world-class product and service offering.
“We are excited to partner with Long Ridge as we enter our next phase of growth,” said Tyler Moeller, CEO of Broadway. “We chose Long Ridge as a partner due to their unparalleled expertise in capital markets technology and strong track record of investing in leading financial technology firms. Long Ridge’s capital and strategic support will enable Broadway to accelerate our global expansion and continue our rapid growth.”
“Per-Arne Weiner, Chris Hastings and Steve Dana were great partners in our capital raise, orchestrating a competitive process which helped guide us to the right partner for our business. They provided excellent support and counsel throughout the process and had the right relationships with private equity to execute a successful outcome for our company,” Mr. Moeller continued.