H.I.G. Capital Recapitalizes Infogix
MIAMI, June 12, 2012 /PRNewswire-iReach/ -- H.I.G. Capital affiliate completed the recapitalization of Infogix, Inc., a leading developer of data integrity software that helps businesses manage and improve their operations.
Established in 1982, Infogix offers its customers a proprietary suite of unique, automated, end-to-end software solutions to control and monitor, analyze, and improve their data accuracy. Infogix solutions establish controls that monitor business information moving among disparate systems as well as detect and prevent errors. Customers use Infogix software to significantly enhance operating efficiencies and profitability by preventing information errors, mitigating potential risks and increasing the cost-effectiveness of audit, compliance, and governance requirements. Infogix software can be deployed enterprise-wide and is compatible across all applications, platforms, and business processes and provides operations managers critical real-time information necessary to proactively manage their business.
Rick Rosen, H.I.G. Executive Managing Director, stated, "We are very pleased to be partnering with the Infogix team. Infogix has developed a unique technology that creates a highly compelling customer value proposition, as evidenced by its impressive roster of longstanding blue-chip corporate clients. We look forward to helping Infogix to continue to grow and enhance its product offering and value proposition."
"H.I.G.'s investment in Infogix provides us with the resources and strategic vision that will enable us to further develop our industry-leading platform of data integrity solutions," said Sumit Nijhawan, Chief Executive Officer of Infogix. "While we expect that customers will experience a seamless transition in this new partnership, in the long-term, they will also enjoy enhanced product and service offerings."
Infogix founder Madhavan K. Nayar will remain on the company's Board of Directors. Sumit Nijhawan and the current management team will continue to lead Infogix.
About H.I.G. Capital
H.I.G. Capital is a leading global private equity investment firm with more than $8.5 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, New York, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 50 companies with combined revenues in excess of $8 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
SOURCE H.I.G. Capital