DALLAS, TEXAS / ACCESSWIRE / April 22, 2024 / Cognitus, a leading SAP software solutions provider and digital transformation business, today announced a growth investment from Sigler Guff & Company (“Sigler Guff”), a multi-strategy private market investment firm with over $16 billion in assets under management. announced that it had secured the , Haven Capital Partners (“HCP”) is a private investment firm focused on the technology services, healthcare, and education industries.
Cognitus is headquartered in Dallas, Texas and operates with more than 1,000 SAP professionals in 17 global offices. The company specializes in providing customized SAP-certified cloud and AI-based software solutions for a variety of industries, including aerospace and defense, professional services, manufacturing, wholesale distribution, automotive, and consumer products. Cognitus is the SAP implementation partner of choice and has helped several medium to large customers achieve seamless digital transformation.
“We are excited about this investment, which provides significant momentum to Cognitus’ growth trajectory,” said Pat Sathi, CEO of Cognitus. “This investment not only represents a pivotal milestone in our vision to invest further in software innovation, but also enables us to actively shape our clients’ digital landscapes with our services. .”
“Cognitus has shown incredible growth over the past few years,” said HCP Partner David Bainbridge. “We are honored to partner with the entire Cognitus team and look forward to continuing to grow our business, hire top talent, develop cutting-edge mission-critical proprietary software, and expand our potential with strategic add-on acquisitions. We look forward to supporting their growth.”
“We are extremely impressed with the Cognitus management team and the differentiated service offering they have built organically from the ground up,” said Siguler Guff Partner and Head of Credit and Special Situations. Michael Apfel added. “We look forward to working with Cognitus on the next phase of its accelerated growth.”
Amit Vaid, President and CFO of Cognitas and Managing Partner of 10X Growth Ventures, said, “Sigur Gaff’s collaboration with HCP is an exciting move from a consulting firm to a software-driven service provider. “It aligns seamlessly with our strategic evolution.” “In 2023, we grew our revenue by 60%, our software revenue by 300%, and added several Fortune 500 clients. This investment supports our expansion into data, analytics, and It will help us solidify our position as a market leader in the SAP ecosystem, AI, and new geographies. ”
about dementia
Cognitus combines deep expertise and a passion for innovation to help businesses grow in today’s dynamic marketplace with cutting-edge cloud capabilities. The company’s AI-powered solutions for regulatory compliance, data migration, contract lifecycle management, and real-time billing continue to help clients in more than 11 industries adapt to market changes and maximize value. . As an SAP Gold Partner and Co-Innovation Partner, Cognitus leverages the latest SAP technologies, tools, and resources to quickly implement SAP S/4HANA, RISE with SAP, and GROW with SAP to help clients gain competitive advantage To do.
about Heaven Capital Partners
Haven Capital Partners is a private investment firm that provides flexible capital solutions to growth-oriented lower middle market businesses in the technology services, healthcare, and education industries. HCP is focused on partnering with strong management teams to drive growth by accelerating business expansion, organizing operations, improving technology efficiency and fostering strategic acquisitions. The firm provides structured capital solutions for making non-control to structured control investments to support growth, acquisition financing, recapitalizations, management buyouts, and shareholder liquidity. .
about Sigler Guf
Siguler Guff is a multi-strategy private market investment firm that sees opportunities in market niches and aims to generate strong risk-adjusted returns for investors. For more than 20 years, the company’s credit and special situations platform has met the complex capital needs of executive teams, sponsors, advisors and other investment managers across the private credit ecosystem.
Founded within Paineweber in 1991, Sigular Gaff became an independent company in 1995. The company has served more than 800 institutional customers, including corporate and public employee benefit plans, endowments, foundations, government agencies, financial institutions, and more than 1,000 family offices and financial institutions. High net worth investors. Sigular Gaff is headquartered in New York with offices in Boston, Houston, West Palm Beach, London, Mumbai, São Paulo, Shanghai, Tokyo, Seoul, Hong Kong and Singapore.
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