HGGC, General Atlantic merge portfolio companies, Mi9 Retail and MyWebGrocer

HGGC and General Atlantic agreed to merge their portfolio companies, Mi9 Retail, a fast-growing provider of software for e-commerce, inventory management and other aspects of retail sales, and MyWebGrocer, a provider of digital solutions to grocery and consumer packaged goods industries. Terms weren’t disclosed. "Mi9 has a proven track record of successfully integrating best-of-breed retail technology companies, so adding MWG is a natural step for the company," said Rich Lawson, HGGC CEO and Co-Founder. "We look forward to partnering with the Mi9 Retail management team to help execute their vision for continuing to revolutionize the retail industry through the application of innovative technology."