Insight Venture Partners Completes Recapitalization of TriTech Software Systems
SAN DIEGO, CA – TriTech Software Systems, a leader in public safety software, announced today a recapitalization led by New York-based private equity firm Insight Venture Partners. Founder and CEO Chris Maloney retained a significant equity interest and will continue to run the Company.
TriTech has taken a leadership position in the market with the most comprehensive public safety software offering in the industry. TriTech’s unique ability to serve all agency types has enabled it to rapidly build a broad and diverse nationwide customer base. TriTech is the first top tier Computer Aided Dispatch and Police Records Management System vendor to offer a fully integrated NG9-1-1 call flow, improving call management even before the phone is answered. This innovation allows callers to contact 9-1-1 using voice, text, images, and video.
“We are pleased to partner with Insight Venture Partners and look forward to executing on our common strategy for future growth,” said Chris Maloney, Founder and CEO of TriTech Software Systems. “Insight is a software-focused private equity firm with a proven track record of selecting their portfolio companies wisely and helping them achieve their growth goals. With Insight, TriTech will be able to achieve our long term vision for growth and industry consolidation.”
Euan Menzies, Managing Director at Insight Venture Partners said, “Insight has been impressed with TriTech’s growth and execution. We are always looking to partner with companies like TriTech who are leaders in their industry and have an executive team that can manage the strategic growth and expansion that our financial resources and operational expertise help drive.”
“TriTech fits clearly within our strategy of investing in growing companies serving large industries via leading technology solutions,” said Richard Wells, Managing Director at Insight Venture Partners. “We look forward to working with the team to serve its very loyal customer base and to invest in product innovation that will continue the company’s impressive record."
William Blair acted as exclusive financial advisor to TriTech Software Systems.
About TriTech Software Systems
TriTech Software Systems has been developing innovative solutions for public safety for over 20 years. The company provides products and services to public safety agencies of all sizes and types, with an end-to-end product suite designed to meet the needs of any agency, including PSAP, Law, Fire, or EMS.
TriTech Software Systems’ sole focus is public safety software. The Company’s experienced management team contributes an average 13 years of industry experience. TriTech has delivered the most trusted public safety software for over two decades and continues to lead the market with innovative, enterprise-wide cloud-based and on-premise solutions for 9-1-1, computer aided dispatch, records management, jail management, analytics and intelligence, field-based reporting, patient care reporting, and ambulance billing software.
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $8 billion and invested in more than 200 companies worldwide. Our mission is to find, fund and work successfully with visionary executives providing them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit insightpartners.com or follow us on twitter: @insightpartners.com