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Hg invests in Prophix, 6 Jan 2021 05:00

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Hg Invests in Prophix to Continue to Scale the Business and Invest Further in Product and Technology

(1) Prophix, a global leader in Corporate Performance Management (CPM) software, today announces an investment from Hg, a leading global software investor. Hg s investment is expected to accelerate and scale Prophix s growth and fund further development of its product capabilities. This deal will result in Prophix employees and management participating to acquire the company alongside Hg, who will hold the majority investment. This will allow staff to benefit more directly from the organization s ongoing growth. Founded in 1987 and based in Ontario, Canada, Prophix is a leading provider of CPM software serving mid-market companies across multiple industries worldwide, providing planning, budgeting and financial reporting software into the office of the CFO . Prophix s software allows organizations to improve their financial reporting capabilities, while also standardizing and streamlining the budgeting process to generate significant ROI through a faster time to close, reductio

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