H.I.G. Capital, LLC ("H.I.G."), a leading global private equity investment firm with $19 billion under management, has entered into a definitive agreement to acquire HelpSystems, LLC (“HelpSystems”, or the “Company”). The completion of the transaction is subject to regulatory and anti-trust approval.
Headquartered in Eden Prairie, MN, HelpSystems is a leading provider of system & network management, business intelligence, and security & compliance solutions. With over 9,000 customers across a broad range of industries, HelpSystems is the market leader within system & network management for the IBM i operating system and is rapidly expanding its presence on the Windows, Linux, and Unix platforms.
Fraser Preston, Managing Director at H.I.G., commented, “We are excited to partner with Chris Heim, Dan Mayleben, and the entire HelpSystems team to continue the Company’s strong growth.” Aaron Tolson, Principal at H.I.G. added, “We look forward to working together with the management team to expand HelpSystems’ suite of products and to continue to provide best-in-class service to HelpSystems customers.”
“We are thrilled to work with H.I.G.,” said Chris Heim, CEO, HelpSystems. "We share core philosophies of taking exceptional care of customers and employees, and together we’ll continue on the mission of delivering software that makes IT lives easier and solves real problems.”
Evercore is acting as lead financial advisor to H.I.G. Credit Suisse is also a financial advisor to H.I.G.
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