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New Deal


Announced

GSV to invest in PSG Equity-backed Utility.

Financials

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Consideration TypeCash
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Tags

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Acquisition

Private Equity

Pending

Private

Venture Capital

Georgia

management software

Software

Cross Border

Friendly

Single Bidder

Majority

Synopsis

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Greater Sum Ventures, a venture capital firm, agreed to invest in PSG Equity-backed Utility Associates, a developer of management software. Financial terms were not disclosed. “Utility is a respected leader in both software and hardware solutions for the law enforcement and first responders who keep our communities safe. The demand for advanced technology services is only growing as counties and municipalities increasingly require digital video documentation and accessible evidence storage. Utility’s differentiated service offerings bring world-class innovation to the intersection of data and public safety,” Ross Croley, GSV CEO and Founder.

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