Undisclosed funding undisclosed amount magnitude software. Bostonbusiness wireaudax group, alongside chris ney, announced an investment into magnitude software, inc. Franklin square capital partners fsic funds, which are subadvised by blackstones gso capital partners, has provided undisclosed financing to rogue wave software. Cons every time i mention to anyone in the industry i work at audax group, they tell me they are sorry for me and ask how i am surviving.
Audax private equity acquires controlling interest in. Magnitude software, a portfolio company of audax private equity, announces the acquisition of agility multichannel ltd. Company magnitude software news, employees and funding. After tripling profitability, tripling revenue and tripling global. Austin, texasbased magnitude software, a provider of enterprise information management software, revealed sept. Find related and similar companies as well as employees by title and much more. Our family of awardwinning products enable customers to quickly deliver business intelligence. Innowera, a global software provider that enables users to more efficiently manage. In 2019, ney completed the sale of magnitude for 340 million to 3i group, a leading international private equity firm. Pagemill partners advised agility multichannel on its. Magnitude software is the leading provider of enterprise information management software that drives real business value for customers.
Headquartered in austin, texas, magnitude is a provider of enterprise information management software that delivers insights on business performance in heterogeneous application. Headquartered in austin, tx, magnitude is a leading provider of enterprise information management software that delivers insights on business performance in heterogeneous application and fragmented data environments. Magnitude software company profile office locations. Audaxbacked magnitude software acquires innowera 122017 magnitude software, inc. The investment will allow the software companys current privateequity backer, audax group, to exit its stake. Magnitude software ceo chris ney successfully secures up.
Protective industrial products ceo joe milot talks about. Magnitude suffers from inferior product portfolio of acquired, ancient, disparate, technology to the rapidly declining legacy onpremise erp market, led by management that has no major software provider or cloud experience check linkedin bios of magnitude leadership, low compensation, poor worklife balance, high turnover and a toxic culture, led old boy texas senior management team. Over 600 customers rely on magnitude software products to run their business. Audax group is an alternative asset management firm specializing in investments in middle market companies. View magnitude software inc location in texas, united states, revenue, industry and description. Magnitude software is a leading provider of enterprise information management software with more than 750 active enterprise customers in over 100 countries, with over 500,000 users. Upld focused on saas enterprise work management and magnitude software acq. Bostonbusiness wireaudax private equity, in partnership with management, has completed the sale of magnitude software, inc. Altamont capital partners was founded in 2010, and is headquartered in palo alto, california.
Serving more than 600 global enterprise customers with over 200,000 users, magnitude helps clients manage their data as an asset, with solutions for business intelligence, data warehousing, reporting, analytics and master data management. Magnitude software, a portfolio company of audax private equity, has completed the acquisition of innowera, representing the companys 4th addon acquisition since audax investment in the company and its 2nd addon acquisition in q4 2017. Rehnert, coceo of audax group, said magnitude software is a leader within the growing enterprise information management industry. Audaxbacked magnitude software acquires innowera boston. Audax private equity partners with management teams of established, marketleading companies who have the vision and desire to create much larger entities through acquisition and organic growth. Audax group announces an investment into magnitude software. The magnitude software family of brands continues to deliver innovative solutions to our customers toughest information management challenges, complemented by a deeper level of service that enables you to sustain and build upon these results over the long term. Audax private equity, in partnership with management, has completed the sale of magnitude software, inc. A leading investor in middle market companies, audax group is a resultsoriented business and financial partner with a successful history of building longterm value for our companies. Magnitude software stock share price, funding rounds. Bostonbusiness wireaudax private equity audax, in partnership with management, has completed the sale of magnitude software. Scott counsels technology, life science, and other highgrowth companies and their boards of directors from incorporation through exit.
Magnitude softwares brands are leaders in enterprise information management with awardwinning solutions in business intelligence, data warehousing and master data management. Boston audax group, alongside chris ney, announced an investment into magnitude software, inc. Magnitude software is a provider of enterprise information management software. Audax group competitors, revenue and employees owler. A supportive, collegial, and transparent culture fuels our collective focus on accelerating results. Bostonbusiness wire audax private equity, in partnership with management, has completed the sale of magnitude software, inc. Franklin square backs audax portfolio company rogue wave. Audaxbacked magnitude software buys agility new york. Magnitude software has 537 employees and is ranked 3rd among its top 10 competitors. Audax group is a boston based financial firm established in 1999 by geoff rehnert and marc wolpow to create the audax private equity which owns a variety of middle market businesses.
Audax private equity completes the sale of magnitude. Audax private equity audax, in partnership with management, has completed the sale of magnitude software, inc. Founded in 2014, magnitude is headquartered in austin. View magnitude software stock share price, financials, funding rounds, investors and more at craft. On october 25, 2017, agility multichannel limited agility multichannel, a product information management pim enterprise software provider focused on product content management and syndication for multichannel commerce enablement, announced its acquisition by magnitude software, inc. Staff writer, austin business journal sep 24, 2014, 10. Chris ney, the founder, chairman, and ceo of magnitude, is investing alongside 3i, the company announced. Magnitude softwares brands are leaders in enterprise information management with awardwinning solutions. See insights on magnitude software including office locations, competitors, revenue, financials, executives, subsidiaries and more at craft. News thalheimer brothers nonferrous scrap metal for.
Wells fargo finances audax group investment abfjournal. Investment to fuel product innovation, organic growth and strategic acquisitions. Before upland, austin was the director of finance and acquisitions at the silverback enterprise group, completing eight successful acquisitions and leveraging these companies synergies to create two separate platforms. Audax private equity completes the sale of magnitude software to. Anyone on glassdoor that says audax hours lifestyle culture are in line with industry are so disconnected from reality that it only affirms how allconsuming the audax deal professional life is. Audax private equity completes the sale of magnitude software to 3i. Audax group participated in fewer than 3 rounds over the past year. Magnitude software competitors, revenue and employees. Audax group is a leading alternative investment manager with offices in boston, new york, and san francisco. Audaxbacked magnitude software acquires innowera new york. Magnitude software offers a family of awardwinning products, from business intelligence and data warehousing to master data management, reporting and analytics. Audax will provide capital and other resources to help fuel growth and solidify thalheimer brothers position as a leading nonferrous scrap metal processing company in the united states. Prior to the 3i transaction, magnitude was a portfolio company of audax private equity. Audax group, an investor in industryleading middle market companies, partnered with thalheimer management to recapitalize thalheimer brothers in december 2012.
Magnitude software magnitude, a portfolio company of audax private equity audax, has completed the acquisition of innowera, representing the companys 4th addon acquisition. Magnitude has over 1,400 customers across a variety of sectors including manufacturers, retailers and financial services companies and its customer base includes 50% of the fortune 100. Upland software ipo, magnitude software audax group, datarank simply measured, urhere nokia fh. Wells fargo provided financing for the transaction.
Magnitude software delivers unified application data management to enable the vast operational efficiencies promised by modern business applications. Our reporting and analytics, master data management, product information management, sap productivity, and data connectivity solutions provide access to and insights from trusted financial and non. Headquartered in austin, tx, magnitude is a leading provider of enterprise information management software driving real business results for more than 600 active enterprise clients with over 200,000 users in 100 countries. His practice primarily consists of private company representation, private equity, mergers and acquisitions, equity and debt financing, and general corporate and securities law. Agility multichannel ltd is a provider of product information management pim software, headquartered in york, england.
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