Information Builders has received a growth equity investment led by Goldman Sachs’ Private Capital Investing group. This investment will further extend Information Builders’ leadership position in the large and growing market for BI solutions.
Gerald Cohen, president and CEO of Information Builders said, “We are extremely pleased to have Goldman Sachs as an investor. Their investment in Information Builders affirms the value of our world-class technology and services, and reinforces our efforts for growth moving forward.”
The Private Capital Investing group is Goldman Sachs’ investment platform dedicated to providing junior capital to growth and middle market companies throughout North America. The group is co-headed by Michael McGinn, managing director at Goldman Sachs, who will be joining the board as part of the investment. Also participating in the financing is Bregal Sagemount, a firm with an established track record of software investing.
“Goldman Sachs is pleased to contribute to Information Builders’ continued growth and innovation in the business intelligence industry,” said Stephen Kerns, vice president in Goldman Sachs’ Private Capital Investing group. “Information Builders has a long history of market leadership and customer-focused solutions, as demonstrated by its very strong reputation and impressive customer base. We look forward to working with Information Builders to further position the company for long-term growth.”