Infogix Completes Acquisition of Agilis International
MIAMI – January 10, 2014 – H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with more than $13 billion of equity capital under management, announced today that its portfolio company, Infogix, Inc. (“Infogix”), has completed the acquisition of Agilis International, Inc. (“Agilis”), a leading provider of predictive data analytics and reconciliation solutions focused primarily in the telecom and media sector.
Founded in 2003 in Rockville, MD, Agilis’ unique integrated data warehouse and analytics platform helps clients improve revenues and generate savings by deriving insight from large data sets to predict and optimize business outcomes. A core application of Agilis is in risk management where the product offering prevents, predicts or identifies financial risks on a real-time basis. In addition, the Company also provides predictive propensity scoring to allow companies to more effectively target incremental revenue opportunities.
Agilis will operate as a division of Infogix. Co-founders Jaswinder “Manji” Matharu, Agilis President and CEO, and Ravi Rao, Agilis COO, will continue to lead the Agilis team.
Rick Rosen, Executive Managing Director of H.I.G., said, “Infogix has grown significantly since we acquired the business in 2012, particularly in healthcare and financial services. We believe Agilis adds tremendous value to our Infogix platform by adding a fast growing, third vertical and enhancing our product line through its industry leading predictive analytics and big data technology.”
Sumit Nijhawan, CEO of Infogix, said, “The addition of Agilis accelerates our R&D roadmap and will bring new innovations to Infogix’s product suite. Although we will continue to stay focused on our data integrity and analytics solutions that have earned our customers’ trust over the last thirty years, we hope to augment our offering with cutting edge solutions that anticipate and address our customers’ future business challenges.”
“We expect that all customers will experience a seamless transition in this new partnership. We are excited that Infogix will bring additional resources that will enable us to further develop our innovative analytics solutions and diversify into new sectors,” added Matharu.
Fairmount Partners, headquartered in Philadelphia, PA, advised Agilis in the transaction.
About Infogix, Inc.
Many of the world’s largest enterprises depend on Infogix to transform their operations. Through the use of Infogix solutions, customers are able to control, analyze and improve their data integrity and compliance efforts. Since 1982, Infogix has been providing Infogix Controls Solutions to Global 2000 enterprises. Millions of Infogix Controls continuously monitor and assure the integrity of information in hundreds of enterprises each day. For more information, call +1.630.649.6800 (U.S, Canada, and International), or visit http://www.infogix.com.
About Agilis International, Inc.
Agilis is an innovative leader of Customer and Operational Business Analytics, with customers on six continents, Agilis brings a global knowledge to every engagement. Whether customers use Agilis out-of-the-box solutions or purpose-built analytics they are monetizing their Big Data and receiving rapid ROI on every project, delivering business results around customer life cycle value and risk, margin management, and operational optimization. Agilis advanced technology, customer service excellence, accountability and results have yielded Agilis an annual customer satisfaction rating of 96%. For more information please visit www.agilisinternational.com.
About H.I.G. Capital
H.I.G. is a leading global private equity investment firm with more than $13 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York, and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Paris, and Rio de Janeiro, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 80 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.hig.com.