Falfurrias Growth Partners, a Charlotte-based private equity fund focused on growth-oriented, middle-market businesses, has invested in NPI, a provider of data-driven IT procurement services for large enterprises.

Founded in 2003, NPI offers data driven intelligence and tech-enabled services designed to assist large enterprises with IT procurement cost optimization. This transaction will propel NPI’s growth by enabling further investments in new AI-powered technology, enhanced products, and sales and marketing while also bolstering the innovation of NPI’s AI and machine learning technology platforms.

BrightTower LLC served as financial advisor to NPI on the transaction, with Morris, Manning & Martin LLP providing legal counsel. McGuireWoods LLP served as legal advisors to Falfurrias.