Harris Williams Advises Cority on its Pending New Growth Investment with Thoma Bravo as Majority Investor
May 30 2019 - 10:51AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it is advising Cority on
its pending new growth investment with Thoma Bravo, LLC (Thoma
Bravo) as majority investor. Previous majority investor Norwest
Venture Partners (NVP) will continue to retain a significant stake
in the business and will re-invest over half of its proceeds.
Cority is an industry leading environmental, health, safety and
quality (EHSQ) software provider offering a unified, true SaaS
platform for global, enterprise clients. The transaction, led by
Mike Wilkins, Erik Szyndlar, Brian Titterington and Gunnar Shaw of
Harris Williams’ Technology, Media & Telecom (TMT) Group,
extends the firm’s track record in the software sector.
“Cority’s multi-tenant, true SaaS platform and award winning
solutions spanning all aspects of EHSQ provide immense value to its
enterprise clients,” said Mike Wilkins, a managing director at
Harris Williams. “The new growth investment from Thoma Bravo will
help Cority to greatly deepen and broaden its solutions. We are
excited about the opportunity ahead for the business.”
“Under the leadership of CEO Mark Wallace and with the backing
of NVP, Cority has become a clear market leader within the EHSQ
software market,” added Erik Szyndlar, a director at Harris
Williams. “We are proud to have worked with an exceptional
management team on this transaction and are excited to see Cority
continue to grow and innovate to drive additional value to its
customer base.”
Cority is a highly trusted EHSQ software for assuring client
success. Cority enables organizations to utilize EHSQ software to
advance their journey to sustainability and operational excellence
by combining deep domain expertise with a comprehensive and secure
true SaaS platform. With more than 30 years of innovation and
experience, Cority’s team of over 350 experts serve over 800
clients in 100 countries, supporting 2.5 million end users.
NVP is a premier multi-stage investment firm managing more than
$7.5 billion in capital. Since its inception, the firm has invested
in more than 600 companies and partnered with over 140 active
companies across its venture and growth equity portfolio. The firm
invests in early to late stage companies across a wide range of
sectors with a focus on consumer, enterprise and healthcare. NVP
offers a deep network of connections, operating experience and a
wide range of impactful services to help CEOs and founders scale
their businesses.
Thoma Bravo is a leading private equity firm focused on the
software and technology-enabled services sectors. With a series of
funds representing more than $30 billion in capital commitments,
Thoma Bravo partners with a company’s management team to implement
operating best practices, invest in growth initiatives and make
accretive acquisitions intended to accelerate revenue and earnings,
with the goal of increasing the value of the business.
Representative past and present portfolio companies include
industry leaders such as ABC Financial, Blue Coat Systems, Deltek,
Digital Insight, Frontline Education, Global Healthcare Exchange,
Hyland Software, Imprivata, iPipeline, PowerPlan, Qlik, Riskonnect,
PEC, SailPoint, SolarWinds, Sparta Systems, TravelClick and
Veracode. The firm has offices in San Francisco and Chicago.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
Harris Williams’ TMT Group advises leading private and public
companies, entrepreneurs, private equity firms and venture capital
firms on mergers and acquisitions and capital-raising transactions
worldwide. The TMT Group has deep domain expertise in the
Software/SaaS and Internet & Digital Media segments, with
particular emphasis on specific verticals including education
technology, data analytics, energy technology, fintech, public
sector, and supply chain/logistics—with a dedicated healthcare
technology (HCIT) practice. Across verticals, the firm also advises
technology services and networking solutions businesses. For more
information on the TMT Group and its recent transactions, visit the
TMT Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. awaited). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Katie Langemeier, associate
brand manager, at +1 (804) 915-0179.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190530005590/en/
Katie Langemeier, associate brand manager+1 (804) 915-0179
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Mar 2024 to Apr 2024
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Apr 2023 to Apr 2024