HelpSystems, a Minneapolis, MN-based global provider of IT operations management, security and analytics solutions, received an investment from private equity firms TA Associates and Charlesbank Capital Partners.
The company intends to use the funds to continue its path of global growth. The firms will join existing investors HGGC, management and employees.
Harry D. Taylor, a Managing Director at TA Associates, will join the HelpSystems Board of Directors, along with Michael M. Libert, a Senior Vice President at TA Associates, and Hiren V. Mankodi, a Managing Director at Charlesbank Capital Partners.
Financial terms of the transaction – expected to close in November 2019 pending customary regulatory approvals and closing conditions – were not disclosed.
Founded in 1982 and led by Kate Bolseth, Chief Executive Officer, HelpSystems is a provider of systems and network management, business intelligence, and security and compliance solutions. The company’s software and services monitor and automate processes, encrypt and secure data, and provide access to the information that large organizations need every day. HelpSystems maintains offices around the world with customers ranging from small businesses to Fortune 100 companies. In total, more than 17,000 organizations around the world use the company’s solutions.