Goldman Sachs Makes Investment in ibi
The Private Capital Investing group is Goldman Sachs’ investment platform dedicated to providing junior capital to growth and middle market companies throughout North America.
New York, NY
Information Builders (ibi), a leader in business intelligence (BI) and analytics, data integrity, and integration solutions, today announced a growth equity investment led by Goldman Sachs’ Private Capital Investing group (NYSE: GS). This investment will further extend ibi’s leadership position in the large and growing market for BI solutions.
Gerald Cohen, president and CEO of ibi said, “We are extremely pleased to have Goldman Sachs as an investor. Their investment in ibi affirms the value of our world-class technology and services, and reinforces our efforts for growth moving forward.”
The Private Capital Investing group is Goldman Sachs’ investment platform dedicated to providing junior capital to growth and middle market companies throughout North America. The group is co-headed by Michael McGinn, managing director at Goldman Sachs, who will be joining the board as part of the investment. Also participating in the financing is Bregal Sagemount, a firm with an established track record of software investing.
“Goldman Sachs is pleased to contribute to ibi’s continued growth and innovation in the business intelligence industry,” said Stephen Kerns, vice president in Goldman Sachs’ Private Capital Investing group. “ibi has a long history of market leadership and customer-focused solutions, as demonstrated by its very strong reputation and impressive customer base. We look forward to working with ibi to further position the company for long-term growth.”
Deloitte acted as lead financial advisor to ibi on this minority investment transaction.
ibi is a data and analytics company that embeds intelligence into ― everything. From the beginning, ibi has known the importance of data and insights to make better decisions. We help organizations get their complex and disconnected data in order, so they can build, embed and automate intelligence in everything they do. By preparing organizations for the future and turning them into builders ― information builders, everyone can use enterprise-trusted data at scale to drive their growth. Whether our customers use pre-built applications or build their own solutions for their data and analytics challenges, ibi powers their innovation and reinvention. ibi’s open platform and industry-specific building blocks accelerate speed-to-market, improve operational efficiency, and enhance their customers’ experience.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.