Bain Capital Tech Opportunities, which focuses on investments in application software, financial technology and payments, healthcare IT and infrastructure and security, has made a strategic growth investment in iManage, a company looking to help professionals in legal, accounting and financial services by combining AI, security and risk mitigation with document and email management.
iManage has invested in cloud, governance, AI and workflow technologies to serve over 4000 legal, accounting and financial services organizations in more than 65 countries. The minority investment by Bain Capital Tech Opportunities aims to help iManage build on the role it plays in enabling organizations to drive productivity, improve information governance and optimize workflow. The company will continue to operate under the leadership of its existing management team, led by its CEO and co-founder Neil Araujo.
“Bain Capital brings a wealth of experience that will support the scaling of our vision and enable us to accelerate our already extraordinary growth trajectory while remaining focused on the needs and aspirations of our customers,” states Araujo.
Lazard Ltd. acted as financial advisor to iManage.