SANTA BARBARA, CA – Updata Partners is pleased to announce that HG Insights has received a significant investment from Riverwood Capital. The transaction allows the company to build upon existing momentum and capitalizes it for the next phase of growth.
HG Insights – an Updata V portfolio company – is the premier supplier of technographic data to some of the world’s most recognizable technology brands. Updata invested in HG Insights in March 2016 based on the company’s unique ability to supply clients with highly accurate data on installed products and services, to optimize sales and marketing efforts. Since our initial investment, HG Insights successfully launched an intuitive SaaS user interface, acquired PivotalIQ in London to extend its data into IT contract data and spend intelligence, and expanded its dataset to cover 11 million companies and 14k products around the globe.
The company’s press release can be found here.