H.I.G. Growth Partners Invests in Sitetracker | Small business & Finance

BOSTON–(Company WIRE)–Jan 27, 2021–

H.I.G. Advancement Companions (“H.I.G.”), the focused advancement money investment affiliate of H.I.G. Funds, is happy to announce a development investment in Sitetracker, Inc. (“Sitetracker” or the “Company”), a program chief in deployment, functions, routine maintenance, and asset management for important infrastructure and know-how providers. The funding includes a $42 million Series C fairness round co-led by H.I.G. Advancement Partners and present investor Energize Ventures, with comply with-on participation from New Organization Associates, National Grid Partners, Wells Fargo Strategic Cash, Salesforce Ventures, and others.

Started in 2013 and based mostly in Palo Alto, CA, Sitetracker’s cloud-based mostly, SaaS answer presents intent-crafted and customizable project management workflows tailored for crucial infrastructure industries such as telecom, utilities, and substitute strength. Blended with a highly effective equipment finding out and predictive analytics offer, shoppers benefit from quicker task completions, improved source allocation, and lessened cycle situations.

Sitetracker programs to use the funding to accelerate enhancement of their product or service roadmap and increase their group across new verticals and geographies. This earlier yr, Sitetracker unveiled Sitetracker AI, to permit clients to uncover new insights into their information, make data-driven choices, and achieve highest visibility throughout their organization. Sitetracker also grew their worldwide consumer base by 17,000 consumers across several industries and manufactured important government hires, like new leadership in the United States and Latin The united states.

“Critical infrastructure industries, like telecom and choice power, are poised to see powerful advancement around the future numerous yrs and will have to uncover greater solutions to correctly deploy and manage their assets,” said Giuseppe Incitti, CEO of Sitetracker. “Sitetracker is perfectly-positioned to helping these historically analog industries operate much more successfully and effectively to satisfy rising buyer demand from customers.”

“Sitetracker’s continued development is a testament to their being familiar with of the challenges confronted by their field-foremost buyers in the multi-billion-greenback important infrastructure space,” said Scott Hilleboe, Running Director of H.I.G. Development Associates. “Sitetracker is uniquely positioned to tackle the company operations issues confronted by firms deploying, preserving, and working in industries like telecom, utilities, and alternative energy. We’re thrilled to assist Sitetracker in their up coming phase of advancement.”

Sitetracker, Inc. is the world regular for deploying, running and servicing vital infrastructure and technological know-how. The Sitetracker Platform enables advancement-concentrated innovators to optimize the overall asset lifecycle by means of indigenous platform inclusions like AI, automation, and actionable analytics. From the area to the C-suite, Sitetracker enables stakeholders to optimize how they program, deploy, manage, and mature their money asset portfolios. Sector leaders in the telecommunications, alternate strength, and utility industries — these types of as Ericsson, Fortis, Google, British Telecom, and Vodafone — count on Sitetracker to handle hundreds of thousands of sites and projects representing over $25 billion of portfolio holdings globally. For a lot more info, pay a visit to www.sitetracker.com.

About H.I.G. Expansion Partners

H.I.G. Progress Partners is the focused advancement capital investment decision affiliate of H.I.G. Capital, a top worldwide different investment agency with $43 billion of equity capital underneath management.* H.I.G. Advancement seeks to make both equally the greater part and minority investments in solid, development-oriented enterprises found all through North America, Europe and Latin The united states. H.I.G. Growth Partners considers investments across all industries but focuses on selected higher-progress sectors wherever it has substantial in-home skills these as technologies, health care, world wide web and media, shopper products and technologies-enabled economical and company services. H.I.G. Progress strives to work intently with its management teams to serve as an knowledgeable source, giving wide-centered strategic, operational, recruiting, and fiscal management expert services from a vast in-house staff and a considerable network of third-occasion associations. For more info, please refer to the H.I.G. site at www.HIGgrowth.com.

* Primarily based on full funds commitments managed by H.I.G. Money and affiliate marketers.


Sector Key word: Info Management BANKING Technological innovation Skilled Solutions OTHER Technological know-how TELECOMMUNICATIONS Computer software OTHER Experienced Products and services NETWORKS Components FINANCE

Supply: H.I.G. Progress Companions

Copyright Company Wire 2021.

PUB: 01/27/2021 06:00 AM/DISC: 01/27/2021 06:00 AM

Copyright Business enterprise Wire 2021.