Inverness Graham Announces Acquisition of Cognito Forms
'As organizations further digitize critical business processes and heighten focus on data security, the workflow automation market is poised for substantial growth,' said Trey Sykes, Managing Principal at Inverness Graham. 'Within this market, Cognito has developed a valuable application with a loyal and diversified customer base, and we are thrilled to partner with the team to drive accelerated growth in its next chapter.'
With several recent successful exits of software / tech-enabled businesses including Concord Servicing, Swipeclock and Syntrio, the acquisition of Cognito builds upon Inverness Graham's investment and operational expertise in this key focus area and represents the first platform investment for Inverness Graham Investments V.
Inverness Graham and Cognito are actively seeking acquisitions that will broaden the company's feature set, deepen vertical market reach and enhance its ability to serve compliance-focused sectors.
Terms of the transaction were not disclosed.
Paul Hastings LLP served as legal advisor to Inverness Graham. Canaccord Genuity acted as exclusive financial advisor to Cognito.
About Inverness Graham Investments
Inverness Graham is a Philadelphia based buyout firm focused on acquiring innovative, high-growth companies where technology is transforming traditional industry. The firm's Flagship strategy focuses on businesses in Healthcare, Tech-Enabled Services / Software and Advanced Manufacturing. The firm's Green Light strategy targets tech-enabled businesses where Environmental Sustainability is a key driver of accelerating growth. Inverness Graham executes a differentiated, repeatable model for value creation through its proprietary Strategic Platform Build approach. Founded by senior executives of the Graham Group, the firm builds upon a 60-year legacy of operational excellence, bringing substantial value creation resources and an innovative mindset to support its portfolio company partners.
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