PSG, a growth equity firm partnering with middle-market software and technology-enabled service companies, has made a strategic investment in Singlewire Software, a provider of mass notification software for safety, emergency and workflow communications, today announced a strategic investment from funds advised. PSG’s Tom Reardon, managing director, and Chris Andrews, principal, have joined Singlewire’s board of directors, as has Barry Allen, operating partner and former CEO of Wisconsin Bell.
“With the global mass notification systems market projected to grow to $27.3 billion by 2026, Singlewire has a tremendous opportunity to scale its innovative platform to safeguard more lives,” said Reardon. “Singlewire’s impressive solution is a clear result of their strong management team and we are thrilled to have the opportunity to partner with them as they continue to grow.”
“Whether workforces return to offices or remain dispersed in the wake of COVID-19, the ability to notify employees of safety-related issues will continue to remain a top priority for organizations globally, and we are proud to deliver critical software to make this possible,” said Paul Shain, president and CEO of Singlewire. “We are excited to partner with PSG as we continue to innovate and expand our offerings to meet the needs of the dynamic industries and organizations we serve.”