Trending...
- Boston: Disparity study completed; executive order signed establishing goals for minority- and woman-owned businesses
- Legacy Gospel Series Project - New Previously Unreleased Recordings
- Boston: Mayor Walsh announces completion of disparity study, signs executive order establishing goals for minority- and woman-owned businesses
BOSTON--(BUSINESS WIRE)--H.I.G. Growth Partners ("H.I.G."), the dedicated growth capital investment affiliate of H.I.G. Capital, is pleased to announce a growth investment in Sitetracker, Inc. ("Sitetracker" or the "Company"), a software leader in deployment, operations, maintenance, and asset management for critical infrastructure and technology providers. The financing includes a $42 million Series C equity round co-led by H.I.G. Growth Partners and existing investor Energize Ventures, with follow-on participation from New Enterprise Associates, National Grid Partners, Wells Fargo Strategic Capital, Salesforce Ventures, and others.
Founded in 2013 and based in Palo Alto, CA, Sitetracker's cloud-based, SaaS solution offers purpose-built and customizable project management workflows tailored for critical infrastructure industries such as telecom, utilities, and alternative energy. Combined with a powerful machine learning and predictive analytics package, customers benefit from faster project completions, improved resource allocation, and decreased cycle times.
Sitetracker plans to use the funding to accelerate development of their product roadmap and extend their team across new verticals and geographies. This past year, Sitetracker unveiled Sitetracker AI, to allow customers to discover new insights into their data, make data-driven decisions, and gain maximum visibility across their organization. Sitetracker also grew their global user base by 17,000 users across various industries and made key executive hires, including new leadership in the United States and Latin America.
More on Boston Chron
"Critical infrastructure industries, like telecom and alternative energy, are poised to see strong growth over the next several years and must find better solutions to effectively deploy and maintain their assets," said Giuseppe Incitti, CEO of Sitetracker. "Sitetracker is well-positioned to helping these traditionally analog industries operate more effectively and efficiently to meet increasing customer demand."
"Sitetracker's continued growth is a testament to their understanding of the challenges faced by their industry-leading customers in the multi-billion-dollar critical infrastructure space," said Scott Hilleboe, Managing Director of H.I.G. Growth Partners. "Sitetracker is uniquely positioned to tackle the business operations challenges faced by companies deploying, maintaining, and operating in industries like telecom, utilities, and alternative energy. We're thrilled to support Sitetracker in their next phase of growth."
About Sitetracker
Sitetracker, Inc. is the global standard for deploying, operating and servicing critical infrastructure and technology. The Sitetracker Platform enables growth-focused innovators to optimize the entire asset lifecycle through native platform inclusions like AI, automation, and actionable analytics. From the field to the C-suite, Sitetracker enables stakeholders to optimize how they plan, deploy, maintain, and grow their capital asset portfolios. Market leaders in the telecommunications, alternative energy, and utility industries — such as Ericsson, Fortis, Google, British Telecom, and Vodafone — rely on Sitetracker to manage millions of sites and projects representing over $25 billion of portfolio holdings globally. For more information, visit www.sitetracker.com.
More on Boston Chron
About H.I.G. Growth Partners
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global alternative investment firm with $43 billion of equity capital under management.* H.I.G. Growth seeks to make both majority and minority investments in strong, growth-oriented businesses located throughout North America, Europe and Latin America. H.I.G. Growth Partners considers investments across all industries but focuses on certain high-growth sectors where it has extensive in-house expertise such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. H.I.G. Growth strives to work closely with its management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting, and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at www.HIGgrowth.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.
Founded in 2013 and based in Palo Alto, CA, Sitetracker's cloud-based, SaaS solution offers purpose-built and customizable project management workflows tailored for critical infrastructure industries such as telecom, utilities, and alternative energy. Combined with a powerful machine learning and predictive analytics package, customers benefit from faster project completions, improved resource allocation, and decreased cycle times.
Sitetracker plans to use the funding to accelerate development of their product roadmap and extend their team across new verticals and geographies. This past year, Sitetracker unveiled Sitetracker AI, to allow customers to discover new insights into their data, make data-driven decisions, and gain maximum visibility across their organization. Sitetracker also grew their global user base by 17,000 users across various industries and made key executive hires, including new leadership in the United States and Latin America.
More on Boston Chron
- Syxsense Announces Integration with Microsoft Office 365
- Charles River Laboratories Announces Strategic Partnership with Kibur Medical to Advance Preclinical Oncology Studies
- Launch of Trace One E-Sourcing Will Boost Retailers' Private Label Speed to Market
- Veristat Expands Global Service Capability in Biometrics with Acquisition of SQN Clinical
- City of Boston annual healthcare enrollment 2021
"Critical infrastructure industries, like telecom and alternative energy, are poised to see strong growth over the next several years and must find better solutions to effectively deploy and maintain their assets," said Giuseppe Incitti, CEO of Sitetracker. "Sitetracker is well-positioned to helping these traditionally analog industries operate more effectively and efficiently to meet increasing customer demand."
"Sitetracker's continued growth is a testament to their understanding of the challenges faced by their industry-leading customers in the multi-billion-dollar critical infrastructure space," said Scott Hilleboe, Managing Director of H.I.G. Growth Partners. "Sitetracker is uniquely positioned to tackle the business operations challenges faced by companies deploying, maintaining, and operating in industries like telecom, utilities, and alternative energy. We're thrilled to support Sitetracker in their next phase of growth."
About Sitetracker
Sitetracker, Inc. is the global standard for deploying, operating and servicing critical infrastructure and technology. The Sitetracker Platform enables growth-focused innovators to optimize the entire asset lifecycle through native platform inclusions like AI, automation, and actionable analytics. From the field to the C-suite, Sitetracker enables stakeholders to optimize how they plan, deploy, maintain, and grow their capital asset portfolios. Market leaders in the telecommunications, alternative energy, and utility industries — such as Ericsson, Fortis, Google, British Telecom, and Vodafone — rely on Sitetracker to manage millions of sites and projects representing over $25 billion of portfolio holdings globally. For more information, visit www.sitetracker.com.
More on Boston Chron
- New Video Streaming Startup, Relax Scenes, Launches Indiegogo Campaign to Support Their Expansion
- American Tower Corporation to Present at the Raymond James 42nd Annual Institutional Investors Conference
- Changes to City of Boston Non-Medicare health plans
- Bronx DWI Lawyer Announces New Website
- Recording Artist "Cherne" Crystal Brown auditions for Sony Music, Atlantic Records and Capitol Records and it doesn't stop there
About H.I.G. Growth Partners
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global alternative investment firm with $43 billion of equity capital under management.* H.I.G. Growth seeks to make both majority and minority investments in strong, growth-oriented businesses located throughout North America, Europe and Latin America. H.I.G. Growth Partners considers investments across all industries but focuses on certain high-growth sectors where it has extensive in-house expertise such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. H.I.G. Growth strives to work closely with its management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting, and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at www.HIGgrowth.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.
Filed Under: Business
0 Comments
Latest on Boston Chron
- Boston: Street sweeping, ticketing enforcement for expired inspection stickers and vehicle registration to resume
- City of Boston announces street sweeping; ticketing enforcement for expired inspection stickers and vehicle registration to resume
- Fennemore Names New Office Managing Partners, Practice Group Leaders & Chief Diversity Officer
- Wohler adds to their iVAM range with the launch of the iVAM2-2
- To Supply Chains and Beyond: Blue Yonder Expands Five-Year Partnership with Matter, Enlisting Full Suite of PR + Marketing Offerings
- Optimal Empowers Procurement Teams with Expert Best Practices
- Strategy Analytics: Service Robot Sales Volumes Surge as Covid-19 Pandemic Drives Demand.
- BEYOND GUANTANAMO: Louisiana Candidate for Congress blazes trail to freedom for U.S. political prisoners
- Reward Gateway Announces Two-Way Integration With Microsoft Teams to Enable Instant Employee Recognition
- The love of a teacher: Wilhelmina Crosson and Boston's first remedial studies program
- Boston: 67 projects totaling more than $25.5 million recommended for Community Preservation Act funding
- Hologic Completes Acquisition of Biotheranostics, Enabling Entry into Growing Oncology Market
- 8th Annual American Reality TV Awards - ARTAS Official Nominations
- Boston: Mayor Walsh recommends 67 projects, totaling over $25.5 million in funding through Community Preservation Act
- Thirst for Japanese Whisky Strong as New Standards Set
- HD Physical Therapy Announces Two New Team Members
- Boston: Parks welcomes five full-time Rangers
- PEVO Sports Co. was recently awarded two GSA contracts with Brian Peterson and the Government Marketplace LLC team's assistance
- Skyhook to Provide E-911 and Location Positioning for Coolpad Americas Upcoming Mobile Phone Product
- eCollections Debt Management Platform Announces New Business Import Tool