Ncontracts announces the acquisition of Venminder to broaden its governance, risk and compliance solutions capabilities. Hg, a leading investor in software and services businesses, has become a new investor in the combined business, backing Founder and CEO, Michael Berman. Alan Cline, Head of North America at Hg, said: "We see Ncontracts swiftly becoming a ‘gold standard’ provider of highly automated, AI-enabled, integrated software solutions for the financial industry. The merger with Venminder creates a compelling platform with a comprehensive product suite that can deliver significant value to customers.” Alexander Johnson, a Director at Hg added: “We're excited to partner with Michael Berman as he continues to lead and scale the company for its next stage of growth." Read the full announcement: https://lnkd.in/d_ufTtkr For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/esXyfRAv
Hg
Venture Capital and Private Equity Principals
Together we build enduring software and services leaders that transform how people work
About us
Over the last 20+ years we have built on our scale, focus and capabilities to become a leading investor in European and transatlantic software and services businesses. We support the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Our support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well. With a vast European network and strong presence across North America, Hg has around 400 employees across London, Munich, New York, Paris and San Francisco, a current portfolio of over 50 businesses, worth over $150 billion aggregate enterprise value, with 115,000+ employees globally, growing consistently at +14% per year. If you’d like to see more, check us out at www.hgcapital.com and sign up to our monthly highlights at https://hgcapital.com/newsletter
- Website
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http://www.hgcapital.com
External link for Hg
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 201-500 employees
- Headquarters
- London
- Type
- Privately Held
- Founded
- 2000
- Specialties
- Technology and Services
Locations
Employees at Hg
Updates
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Do tech leaders have to be tech experts? As CEO of IRIS Software Group, Elona Mortimer-Zhika has been a valued part of the Hg Orbit for 8 years and counting. In Orbit 39, she speaks to long-term friend and Hg's Senior Partner, Nic Humphries, about her unusal path to tech leadership: from Communist Albania to retail jobs in the UK and on to an audit career for Deloitte. Listen here: https://lnkd.in/dGaHJYq5 Tracking the stratospheric progress of IRIS over the last decade and considering the effects of private equity investment, Nic and Elona discuss whether or not you need to be a techie to master the constantly moving goalposts of a highly successful software business. For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/esXyfRAv
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Our Monthly Update keeps you informed about the latest news and insights from Hg and our network of portfolio companies. Subscribe now: https://lnkd.in/dpe3UVYi The month of August highlights CTAIMA and e-coordina joining forces and securing investment from Hg, Hg's feature in GrowthCap's top 30 Private Equity Firms for 2024, our latest Orbit podcast featuring Brent Hayward, David Carmona, and Nagraj Kashyap, The Hg Foundation's latest partnership with Royal Academy of Engineering and Google DeepMind, and our new 2023/24 Sustainability and D&I Reports. Read the August Update here: https://lnkd.in/ebTPbAbr
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A warm welcome to Christopher Maloof, who joins Benevity as CEO. Hg also waves a fond farewell to Kelly Schmitt, who, in her 6-years at Benevity, led the company to surpassing $15billion in donations and a $1billion valuation. For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/gaviswzy
We have some exciting news to share: Christopher Maloof has been appointed as Benevity’s new CEO. After six transformative years at Benevity, Kelly Schmitt, our previous fearless leader, has decided to step down as CEO to prioritize time with her family, and is passing the corporate Goodness baton to Chris. Under Kelly’s inspiring leadership, Benevity has achieved extraordinary milestones, including reaching unicorn status and hitting $15 billion in donations, 79 million hours of volunteering time and $16 billion of grants to support 470,000 nonprofits worldwide. With his extensive experience in scaling enterprise SaaS companies and working with impact-driven organizations, Chris is set to guide Benevity through an exciting next chapter of growth and innovation. “Chris not only brings a high level of expertise in product development, global business strategy and organizational growth, he also understands what it means to be part of a passionate, purpose-driven organization,” said Bryan de Lottinville, Benevity’s founder and member of its Board of Directors. “The world needs Benevity to be the biggest and best it can be, and we’ve made great progress along that path. Chris is exactly the right leader to further scale Benevity and help more companies, their people and their communities drive more social impact globally.” Please join us in welcoming Chris and expressing our heartfelt thanks to Kelly for her incredible passion and vision, which have been instrumental in shaping Benevity into the global company we are today! Read the full press release: https://bit.ly/4e1YI0G #BenevityLife #SocialImpact #CSR #Leadership #SaaS #Benevity
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At Hg, we are committed to being a Responsible Investor and that means taking action on a firm level and across the portfolio. Explore how our ESG approach is at the heart of everything we do: https://lnkd.in/esSq8DmQ For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/gaviswzy
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Given the scope of exciting possibilities offered by Generative AI, it is little surprise there is so much hype surrounding it. David Toms, Director of Research at Hg, notes "We tend to overestimate the speed of change but underestimate the scale of change. The GenAI shift is no different. It will bring long-term value, but it won't happen overnight." Read more about what the data reveals in respect to the impact of GenAI: https://lnkd.in/dzu32NCi
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Alan Cline, Hg’s Head of North America, took the stage at the GrowthCap Forum to discuss what sets Hg apart in an ever-growing market and the key elements that maintain that differentiation. "We want to maintain our position as the number one transatlantic investment firm... If you're in the US and you want to go to Europe, or you're in Europe and you want to come to the US, lets be great at that." Find out how else Hg sets itself apart: https://lnkd.in/eE4HsAeV
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Much of the growing concern among enterprises centres on data sovereignty. Where's my data? Who has access to it? And where does it reside? When it comes to trust, the bar has never been higher. Jae Sook Evans, global CIO of Oracle, explained to attendees at this year’s ‘Shifting Techtonics’ Software Leadership Gathering, that there are key considerations for CTOs and CIOs when looking to put their business operations in the hands of cloud providers. Find out what these considerations are: https://lnkd.in/eXhATs3s
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“Hg has become a truly transatlantic agent of business growth over the past ten years. Emblematic of this was our May 2024 investment in AuditBoard for $3 billion, a huge success for our San Francisco team less than two years after we opened our West Coast office." Alan Cline, Head of North America We’re thrilled to feature in GrowthCap’s top 30 Private Equity Firms for 2024 for a third year. A big thank you and congratulations to everyone involved in Hg and our family of companies for contributing to another successful year. Congratulations too, to our fellow nominees! Read the full list here: https://lnkd.in/eRjH5Wnj For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/gaviswzy
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In the final Orbit recorded at Hg's recent 'Software Leadership Gathering', we brought together three perspectives all investigating the AI wave through a business lens. With the technology in an early phase, it can be viewed as an existential threat for businesses but without a clear path to commercialisation. Brent Hayward of Salesforce, David Carmona of Microsoft and Nagraj Kashyap of Touring Capital discuss what’s actually working today for businesses, where they should be focusing their attention and what will be the likely opportunities in the future. Listen here: https://lnkd.in/edgWMzHp Read more of our SLG insights: https://lnkd.in/efJaQR2c