AltAssets: 3i buys into Magnitude Software at $340m enterprise value

AltAssets Private equity investor 3i Group has revealed it will invest about in app data management business Magnitude Software to give the business a $340m enterprise value.
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Austin Business Journal: Magnitude Software now valued at $340M after latest nine-figure cash injection

Austin Business Journal’s Brent Wistrom writes about 3i Group investment in Magnitude. “In 2014, Magnitude Software locked in $100 million in private equity funding, giving the company fuel for growth and acquisitions. On Tuesday, the tech startup reported it has once again raised a big funding round — a $179 million investment from London-based private equity firm 3i Group.”

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AustinInno: Austin’s Magnitude Software Raises $179M

AustinInno staff’s Brent Wistrom writes about 3i Group investment in Magnitude. “In 2014, Magnitude Software locked in $100 million in private equity funding, giving the company fuel for growth and acquisitions. On Tuesday, the tech startup reported it has once again raised a big funding round — a $179 million investment from London-based private equity firm 3i Group.”

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Axios: Private Equity Deals

Axios mentions on it’s Private Equity Deals section from March 19, 2019 the 3i investmentment in Magnitude Software.

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Private Equity News: 3i invests in Magnitude Software

Private Equity News staff Laura Cooper talks about 3i investment in Magnitude Software. “3i Group plc said it would invest in Magnitude Software Inc., an application data management provider, in a deal valued at $340 million. The investment will allow the software company’s current private-equity backer, Audax Group, to exit its stake.”
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Fortune: Private Equity Deals

Fortune staff Polina Marinova mentions in her section Private Equity Deals about 3i Group plc will invest $179 million in Magnitude Software Inc.

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Xconomy: Magnitude Software Takes $179M from Private Equity Firm 3i Group

Xconomy staff David Holley says “Magnitude Software is selling a $179 million stake in the company to London-based private equity firm 3i Group”.

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PE Hub Network: 3i Group invests $179 mln in Magnitude Software

The PE Hub Network’s Luisa Beltran talks about the 3i Group investment of $179 mln in Magnitude Software

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MarTech Advisor: Three Takeaways from NRF’s Big Show 2019 for Marketers

Richard Hunt, VP Agility Solutions, Magnitude Software talks about his top 3 takeaways from this year’s National Retail Federation’s Big Show.

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The Tech Tribune: 2019 Best Tech Startups in Austin

The Tech Tribune staff has compiled the very best tech startups in Austin for 2019, Magnitude Software has been ranked in 4th place.

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