Respected global investment firm KKR today (30 May) announced that it has acquired a majority stake in contract lifecycle management vendor Agiloft.
Existing investor FTV Capital and new investor JMI Equity, both growth equity firms, also participated in the round. Agiloft said that the investment will help it to expand and grow its market share, as well as innovate product solutions.
Eric Laughlin, CEO of Agiloft, said: “I am enormously proud and humbled by what we have been able to accomplish at Agiloft. While the business has grown significantly, we have always focused on and maintained our number one differentiator: customer satisfaction and retention, which is predicated on our uniquely agile solution, reliable implementation success, and human-centric approach to contracting. “This new investment from KKR and JMI Equity and continued support from FTV Capital serve as a testament to the caliber of our team’s ability to provide and deliver differentiated world-class products and services to our customers.”
Jimmy Miele, director of tech growth at KKR said: “We are deeply impressed by Eric’s leadership and the rest of the Agiloft team, and we look forward to working together to capture additional opportunities in the market.”
More to follow.