Business & Technology Services
Magnitude is a leading provider of data management solutions to enable organisations and business users to more effectively access, extract and analyse data from various ERP, cloud-applications, and other IT systems. The company is headquartered in Austin, Texas, with global operations in the US, Canada, the Netherlands, UK and India. It has over 1,400 customers, including 50% of the Fortune 100.
The company has a portfolio of best-in-class products to unify fragmented data and deliver actionable insights for critical business decisions. A few example applications include:
3i invested in Magnitude in May 2019 and will look to accelerate the company’s global growth ambitions through new product development, investments in sales & marketing, and additional M&A.
“The Magnitude team is excited to partner with 3i to create a highly differentiated, global, enterprise software company in a dynamic market. 3i's global network will help accelerate Magnitude's growth organically and through M&A.” Jeff Shoreman, CEO, Magnitude
This transaction involved a recommendation of 3i Corporation, a US wholly owned subsidiary of 3i Group.