Kingland Systems (“Kingland”), a leading provider of enterprise data software, announced today the completion of a strategic partnership and minority investment with Abry Partners. The investment and partnership will support continued growth and expansion of Kingland’s software solutions. Houlihan Lokey was the exclusive advisor to Kingland on the investment.
Read More:Â Â DeFi Platform OIN Finance Integrates With Frontier and Introduces FRONT to OINDAO
Founded by David Kingland in 1992, Kingland has grown to become one of the premier providers of software used to manage data and comply with regulations around the globe. The Kingland Platform’s powerful data management, data automation, and data discovery software can be deployed anywhere in the world through its highly secure, advanced cloud infrastructure. With more than 600,000 business users operating in 160 countries and billions of data records managed, integral companies around the world trust Kingland to deliver.
David Kingland, Chairman and Chief Innovation Officer of the company, states that the partnership with Abry will provide strategic support for the next phase of growth. “We’ve innovated and built this business over nearly 30 years and have doubled the size of our business the last five years. I’m proud of the company we’ve built, the clients we serve, and our Kingland team. We solve some of the hardest problems in data and technology, and Abry will be a tremendous partner for our next phase of growth.”
Through this partnership, Kingland expects to significantly increase its investment in new products and workforce. Tony Brownlee, President of Kingland, leads the company’s expansion. “Our clients are some of the largest, most regulated and data-intensive companies in the world. We are investing significantly in software that helps them unlock the value of data and comply with complex global regulations. From our work in financial services and public accounting to retail and healthcare, there is significant demand to use software and data for large-scale business transformation. Partnering with Abry will enhance our ability to innovate, develop new products, and deliver industry-specific capabilities for our clients.”
Kingland CEO Todd Rognes emphasizes there will be no changes to the management team of Kingland. “We have a strong leadership team who has built this business, is invested in the company, and is committed to continuing to build great software and delivering for our clients the Kingland way. If you ask our leaders, they’ll say we’re only getting started.” Azra Kanji and Chris Ritchie from Abry will join the Kingland board of directors. Azra Kanji remarks, “We have been blown away by the depth and breadth of Kingland’s product offerings, which are tackling some of the most complex data management and governance issues we have come across. We are thrilled to be partnering with the Kingland team and are excited to support the business during the next phase of growth and innovation.”
Read More: GlobalFintechSeries Interview with Carey O’Connor Kolaja, Chief Executive Officer at AU10TIX
