PSG and Silversmith led a $425m investment in Formstack.

PSG and Silversmith, two private equity firms, led a $425m investment in Formstack, a workplace productivity platform. "We've spent the past 15 years helping organizations accelerate work and unlock more of their workforces with no-code productivity solutions, but never has the need for our platform been more apparent. Customers across nearly all industries are using Formstack to build for their immediate needs—digitizing and automating business processes—and also scaling with Formstack to help meet their larger, multi-year digital transformation needs. The momentum we're seeing continues to validate our belief that the key to digital transformation success is all about empowering non-technical employees with no-code workflow automation solutions," Chris Byers, Formstack CEO.