Sunday, October 22, 2017

Goldman Sachs invests in business intelligence giant Information Builders

Business intelligence (BI) and analytics, data integrity, and integration company gets a boost to expand market reach.

Information Builders has announced a growth equity investment led by Goldman Sachs’ Private Capital Investing group.

The company said the investment will further extend Information Builders’ position in the large and growing market for BI solutions.

Financial details of the investment have not been released.

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.

Deloitte acted as lead financial advisor to Information Builders on this minority investment transaction.

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.”

Stephen Kerns, vice president in Goldman Sachs’ Private Capital Investing group, said: “Goldman Sachs is pleased to contribute to Information Builders’ continued growth and innovation in the business intelligence industry.

“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.”