Vector Solutions, a leading provider of industry-focused software solutions for training, risk management, workforce management and operational readiness, announced the completion of the company’s previously announced acquisition by Genstar Capital. The transaction includes an investment from Insight Partners, a leading global venture capital and private equity firm investing in high-growth technology companies. Genstar and Insight acquired a majority stake in Vector from Golden Gate Capital, a leading private equity investment firm, which remains a significant shareholder in the business.
Founded in 1999, Vector Solutions offers SaaS solutions that connect information and technology to deliver insights and knowledge when and where they are needed. Their innovative products help organizations achieve better outcomes and safeguard lives in many of the world’s most critical industries, including engineering and construction, industrial manufacturing, K-12 and higher education, and public safety. CEO Marc Scheipe and the current management team will continue to lead Vector, which will remain headquartered in Tampa, FL.
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“Vector’s mission to serve everyday heroes is strengthened by support and backing from leading firms like Genstar, Golden Gate Capital and Insight Partners,” said Marc Scheipe, CEO of Vector. “This transaction is not only incredible validation of the strong company we have built, but it allows us to continue on our strategic path to deliver intelligent software solutions, unlock data for actionable insights, and expand the positive impact our solutions have on our markets and the communities they serve.”
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“We are impressed by the dynamic company that Vector has built,” said Deven Parekh, Managing Director at Insight Partners. “As companies and institutions look to enhance the safety and performance of their workforces in today’s complex environments, Vector is well-positioned to continue to innovate, meet the market needs in new ways, and drive substantial growth.”
Berenson & Company and Stifel served as financial advisors and Willkie Farr & Gallagher LLP served as legal advisor to Insight Partners.
