HGGC has recently been experiencing the busiest period in a company history that goes back to the 2007 calendar year and things continue to remain busy. Officials from the Palo Alto, California-based private equity company recently announced that they have acquired the controlling stake in HelpSystems. While HGGC takes over the majority stake in HelpSystems, Split Rock Capital along with HIG Capital will continue to retain a minority of the shares with the IT infrastructure software development operation. This innovative software is currently used by 13 thousand-plus customers on various operating systems. These operating systems that the HelpSystems software is utilized on including Windows and IBM i. This major deal is just one of a number of critical acquisitions that HGGC has made over this busy period that the private equity firm has been experiencing.
Help System’s roots go back to the company’s 1982 founding date. The firm assists the business world to align with IT in order to give them an edge in today’s highly competitive business world. The software that is produced by the team at HelpSystem provides monitoring services for the business world as well as helping with data security and encryption services. The company also deals with the automation of processes and has built up an impressive customer base around the globe that has made HelpSystem a very attractive company for big investors like HGGC. The teams at both organizations are looking forward to what the future holds as the world side by side with each other in order to grow the HelpSystems business model.
Since its 2007 founding, HGGC has worked hard to build up a robust portfolio of diverse companies. With an emphasis on the middle market and growing tech sector companies, HGGC has attained a great deal of success in the private equity market by taking an active role in working with the management teams of its diverse portfolio companies. There are currently some 60 thousand employees globally that are involved in work with the Palo Alto, California-based private equity firm’s portfolio companies.