PSG

Congratulations to our portfolio companies MindBridge, Kenect, LogicGate and IRONSCALES for being named in Deloitte’s 2024 North America Technology Fast 500 Rankings! The list recognizes the fastest-growing technology and life sciences companies in North America, celebrating those driving innovation and impact in their given sectors. This year’s winners helped drive overall revenue growth from 201% to 153,625% over a three-year period, demonstrating consistency and success. We are proud to support MindBridge, Kenect, LogicGate and Ironscales in their commitment to innovation as they continue to push boundaries and pioneer progress in their respective fields. Learn more about these dynamic partnerships below. https://lnkd.in/eriFv8ii  

We are excited to announce that we have deepened our investment in LogicMonitor, a leading SaaS-based hybrid observability platform powered by AI, alongside new and existing investors. We’re proud to have played a role in LogicMonitor’s growth, and this latest investment will support the company’s ability to accelerate its growth, broaden its geographical footprint and diversify into new verticals. John Marquis, Managing Director at PSG, said: "We are delighted to continue our partnership with LogicMonitor under Christina Crawford Kosmowski's outstanding leadership. The company's strides in AI-driven solutions are redefining how businesses optimize their IT environments, and we are excited to support this incredible team as they lead the future of data center observability management and technological innovation." Learn more about the investment here: https://lnkd.in/ear73b_h

We’re pleased to announce that we led a €20 million growth equity investment in Apaleo, an API-first open property management platform.   Unlike all-in-one property management systems, Apaleo’s API-first model offers the freedom to integrate with over 250 specialized applications, enabling accommodation providers to build customized technology stacks according to specific needs. This open platform approach addresses the primary limitation of legacy PMS-centric technology in today’s hospitality sector, eliminating constraints and fostering industry-wide innovation in technology applications.   Edward Hughes, Managing Director at PSG, said: “Apaleo’s commitment to an API-first approach truly differentiates it in the competitive landscape. As the hospitality industry advances technologically, Apaleo’s agile, top-tier platform is ideally suited to meet the changing needs of accommodation providers around the world. PSG is excited to support Apaleo’s international expansion and apply our expertise to help the team scale effectively in key global markets.”   Read more about the investment here: https://lnkd.in/e9WwJNkR   #growthequity #propertymanagement

This year’s ShortTermRentalz Summit in London was a success, uniting global leaders and innovators from the short-term rental industry to explore key topics, from investment trends and M&A activity to the future of tourism, the evolution of OTAs and AI’s role in hospitality. It was a great opportunity to connect and learn from the industry’s top visionaries and executives. PSG Senior Vice President, Daniel Gennaoui shared insights on the current M&A landscape and global investment trends. He emphasized the rapid adoption of software among property managers, noting: “We continue to see a massive wave of software adoption by Property Managers in the short-term rental space worldwide. Leading platforms such as Hostaway, which provide an all-in-one end-to-end system of record are benefiting from this and are becoming truly global players.”   Learn more about the summit here:  https://lnkd.in/ecW9MqQe

We are pleased to announce our $15 million growth investment in CommBox, a leading AI-powered customer experience platform. This investment, which follows our original 2021 investment, will help the software company expand its North American and European footprint and will help support innovative AI-based developments. Tom Reardon, Managing Director at PSG said: “We’re thrilled to further our investment in CommBox. We believe that the CommBox platform has evolved into a powerful, strategic platform for enterprises that want to help rapidly and securely reap the benefits of AI for customer communications.” Learn more here: https://lnkd.in/eG8AcxUX

Our portfolio company, SevenRooms, is teaming up with Curator Hotel and Resort Collection, a group of over 100 independent U.S. hotels, to elevate guest experiences. SevenRooms empowers hospitality operators to help build direct, personalized relationships with guests through their sophisticated data capture capabilities. Through this partnership, they will become one of Curator’s preferred vendors of hospitality solutions, growing engagement and loyalty across all Curator properties. Learn more about how SevenRooms’ powerful CRM and marketing suite is optimizing the guest experience: https://lnkd.in/eaEi6TGF

We’re wrapping up Cybersecurity Awareness Month - a perfect time to reinforce that protecting digital assets isn’t just about technology, but also about protecting people and processes working together.   This month, our team hosted two key events to raise awareness: 1. Hosting a webinar with the FBI for our portfolio companies and employees, focused on cyberattacks and the best practices for prevention. 2. Organizing a dedicated session for our CFOs and COOs on understanding and implementing enterprise cyber risk management at their companies. Our CISO Adam Glick shared, "At PSG, we strive to stay proactive to protect our digital assets and our people. We’re proud to have portfolio companies working on innovative cybersecurity solutions, helping to keep bad actors at bay in the digital world.”   Check out some of our portfolio companies that are working in this space: Addigy Bitwarden CENTRL Inc Hornetsecurity IRONSCALES LogicGate MixMode PreVeil Qmulos ThreatConnect   For more information on PSG’s portfolio companies, please visit https://lnkd.in/e67QA9yf

A recent ransomware survey conducted by our portfolio partner, Hornetsecurity, found that nearly one third of businesses suffered data loss in 2024 – underscoring the importance of investing in cybersecurity. With the increasing sophistication of cyberattacks and the rise of generative AI, ransomware protection and cybersecurity training has become a high priority for organizations.    As a leading German email cloud security provider in Europe, Hornetsecurity is at the forefront of protecting company’s digital ecosystems, with their suite addressing all important areas of email security, including advanced threats like CEO fraud and ransomware.   Discover below how Hornetsecurity’s in-depth analysis and innovative solutions are protecting IT infrastructure, digital communications and data for organizations worldwide.   https://lnkd.in/e5fhu3u2  

For the fourth consecutive year, we’re excited to be named to Inc. Magazine’s Founder-Friendly list! Partnering with our portfolio companies to help them navigate and scale through transformational growth is what drives our work at PSG. Thank you to our portfolio founders and CEOs for making this recognition possible! For more information and to see the entire list of rankings, read here: https://lnkd.in/etq38yf2 PSG submitted a nomination to be considered for these awards and, once awarded on October 29, 2024, paid to participate in and distribute the results of these awards. According to GrowthCap, nominees applied and were independently assessed based on, among others, third party feedback from portfolio company CEOs and other executives. Statements provided in such feedback or in connection herewith by PSG portfolio company executives are not representative of the experience of all PSG portfolio companies and their personnel with PSG. For further details about this award and the methodologies used in determining this award, please see PSG’s Terms and Conditions of Use here: https://bit.ly/3aMVMpW.

Congratulations to Marco Wilhelm, CFA, Paul S., and Charles Vernudachi, CAIA for taking home gold in the team Olympic challenge at this year’s Impetus - Backing the best Private Equity Triathlon! The trio crossed the finish line with an impressive time of 2 hours and 13 minutes. A special thank you to Edward Hughes, Nicolas Harding, Fraser McLeod, Denys Maksymets, and Rafi Stone for also representing PSG on race day. This year’s event raised £390,000, supporting programs that help give young people from disadvantaged backgrounds across the UK the resources to succeed in school, work, and life. We are proud to be part of an event that brings together the private equity, legal, and related industries in support of such an important cause, all while igniting some healthy competition! #philanthropy