Artificial intelligence and threat detection are among the business services subsectors that private equity firms, including Advent International, Carlyle, Silver Lake and TA Associates, are backing.
There’s more data available to companies than ever before, but leveraging all that data to make meaningful business decisions is a complicated and complex process. Enter providers of intelligence services.
Private equity firms acquired 40 intelligence companies as platform investments in the first half of 2021, plus a number of add-on acquisitions, according to Private Equity Info. Many of the deals fall into three significant categories, finds the research house: artificial intelligence, business intelligence and security/threat Intelligence.
Below are current deals exemplifying each subsector.
See the accompanying table for more deals.
Artificial Intelligence
Silver Lake Partners invested in Group 42, an artificial intelligence and cloud computing company.
Brighton Park Capital invested in XSOLIS, an artificial intelligence-based software platform that helps national health systems and payers streamline the utilization management process.
Advent International invested in Shift Technology, a SaaS provider of AI-driven decision automation and optimization solutions for the global insurance industry.
Business Intelligence
TA Associates invested in Appfire, a provider of software applications for Atlassian developers. The company’s portfolio of products include workflow automation, business intelligence, reporting, administration, and testing tools.
TPG invested in Gro Intelligence, an AI-powered knowledge company providing decision-making tools, solutions and analytics to the food, agriculture, and climate economies and their participants.
LLR Partners invested in Vehicle Tracking Solutions (VTS), a technology company helping fleet-driven organizations transform the way they make business decisions. IntelliShift, a division of VTS, provides connected Vehicle, asset, and operational intelligence Solutions through its cloud-based fleet and safety management platform.
Security/Threat Intelligence
Advent International invested in Cyware, a provider of threat intelligence and other cybersecurity solutions.
J.F. Lehman & Co. invested in Trillium Engineering , a designer and manufacturer of highly engineered camera gimbals for unmanned aerial systems performing mission-critical intelligence, surveillance, and reconnaissance missions.
The Carlyle Group (Nasdaq: CG) invested in Two Six Technologies, a technology-focused provider to the Intelligence Community, Department of Defense, and other critical U.S. national security customers.
