The middle market private equity firm HGGC, recently came out to announce that it had made a substantial investment data virtualization firm, Denodo. This new investment marks the private equity’s first attempt in this highly lucrative space. The private equity firm went ahead to mention that in the investment deal, a significant portion of Denodo’s stake will remain in the hands of its founder’s and senior management.
Today, data virtualization makes up for a significant portion of the $4.5 billion market for data integration. According to HGGC, the market is expected to expand even father as firms in this space work on maximizing their efficiencies. Additionally, other lucrative opportunities are expected to arise as this data virtualization investment is modeled to complement other data management investments. The private equity firm’s management pointed out lower costs for data flow, greater security, and short time-to-value, as the more significant benefits that are expected to come of this deal. Additionally, data virtualization is rapidly growing as the solution for data integration, data access and data delivery in numerous business applications.
HGGC expressed its hope that this new partnership will help both parties grab even better opportunities coming ahead. They went ahead to say that they were very proud of this new partnership and it signifies their drive to drive change for a better future. Denodo is among the world leading providers of futuristic, real-time data integration services. This firm has its R&D department located in Coruna, Spain and its headquarters in Palo Alto, California.
This middle market private equity firm has its headquarters in Palo Alto, California. Currently, the firm has a cumulative capital commitment of over $4.3 billion. Over the years, HGGC has been working on its iconic ‘Advantage Investing‘ model. This model has been very significant in the success of the firm. The firm also relies on creating strong interest alignments among its management staff, sponsors and founders to drive its success. This private equity firm has over $13 billion in transactional value as a result of add-on acquisitions, liquidity events, recapitalizations and platform investments. The Denodo deal is one among the firms three $1.84 billion worth Fund III technology platform investments.