Announced
Financials
Tags
Acquisition
Single Bidder
Pending
Majority
Friendly
Digital Services
technology platform
United States
Domestic
Private Equity
Private
Synopsis
Insight Partners, a global venture capital and private equity firm, agreed to acquire CivicPlus, a provider of integrated software solutions for local governments, from BV Investment Partners, a middle-market private equity firm, for $290m. "Insight Partners is dedicated to high-growth software companies. They have extensive expertise and have successfully supported many technology innovators on the brink of revolutionizing user experiences. Insight understands the fundamental changes in the relationship between local governments and their citizens, and they value our vision of enabling civic leaders to optimize that relationship," Brian Rempe, CivicPlus CEO.
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