CivicPlus, a software company based in Manhattan, Kansas, has been sold to a private equity firm for $290 million. This is a big win for the company, which provides software and services to local governments across the country. It’s also a big win for the city of Manhattan, where CivicPlus is one of the largest employers. The sale was announced today and it was reported that the buyer is a private equity firm based in Boston. CivicPlus was founded in 2001 and it has grown steadily since then. PE firm Insight Partners invests $290M for a majority stake in CivicPlus, which provides software and other technology to more than 4,000 municipal governments (AJ Dome/Manhattan Mercury)
firm 290m civicplusdome manhattanmercury, The company now has more than 300 employees. The company’s software is used by more than 3,000 local governments, including the cities of Chicago, Los Angeles, and New York. This is a big win for CivicPlus and its employees. It’s also a big win for the city of Manhattan. CivicPlus is a good example of a company that is successfully growing and expanding its business. The company is a great asset for the city of Manhattan and the state of Kansas.
Insight Partners, a private equity firm, has invested $290 million for a majority stake in CivicPlus, which provides software and other technology to more than 4,000 municipal governments.
CivicPlus CEO Matt Sharp said in a phone interview that the company will not be drastically changed by the investment. “This really is business as usual for CivicPlus,” he said. “We’ll continue to invest in our product, our team, and our go–to–market strategy.”
