ParkerGale Capital, a technology-focused private equity firm based in Chicago, has added two software companies to its investment portfolio. Financial terms of both transactions, which include Ipro Tech LLC and Profisee, were not disclosed. The firm backed both companies from its first buyout fund, valued at $240 million.
Ipro Tech is a Tempe, Arizona-based eDiscovery software provider that helps corporations and law firms organize and produce litigation data of various sizes. The company, founded in 1989, develops automated digital discovery (ADD) technology.