Summit Partners Exits HelpSystems

Global Provider of IT Management Software Solutions Acquired by H.I.G. Capital, LLC

MENLO PARK, CA and EDEN PRAIRIE, MN — Summit Partners, a global growth equity investor, today announced the sale of HelpSystems, LLC, a leading global provider of IT management software, to H.I.G. Capital, LLC.

Headquartered in Eden Prairie, MN, HelpSystems is a leading provider of system & network management, business intelligence, and security & compliance solutions. With over 9,000 customers across a broad range of industries, HelpSystems is the market leader within system & network management for the IBM-i operating system and is rapidly expanding its presence on the Windows, Linux, and Unix platforms.

Summit Partners first invested in HelpSystems in 2005. The company was acquired in 2007 and Summit made its most recent growth equity investment in the company in 2012. Since 2012, HelpSystems has completed nine strategic acquisitions with Summit providing support in sourcing, diligence, financing and execution. The company has expanded its product and service offerings beyond systems management to include security, network management, analytics and business intelligence capabilities. Today, HelpSystems employs 310 people in 16 offices worldwide.

“As a CEO and board member, I could not have asked for a more supportive partner than Summit,” said Chris Heim, HelpSystems’ Chief Executive Officer. “We have benefited from this partnership in ways both practical and strategic. I am now looking forward to working closely with another experienced investor in H.I.G. Capital.”

Summit Partners Managing Director Peter Rottier who served on the HelpSystems Board of Directors, commented, “We are delighted to transition HelpSystems to H.I.G. It has been an incredibly rewarding experience to work with Chris and Dan Mayleben and their team and to support their efforts to grow both organically and through acquisitions. We would also like to thank Executive Chairwoman Janet Dryer for her trust, partnership and hard work over the 10 years since our initial investment.”

John Carroll, a Boston-based Managing Director with Summit Partners, also served on the HelpSystems Board of Directors.

HelpSystems was advised on the transaction by Harris Williams & Co., Proskauer Rose LLP, and Grant Thornton LLP.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit Partners include Avast, Belkin, Clearwater Analytics, Flow Traders, FleetCor (NYSE: FLT), Hyperion Solutions, Infor, RightNow Technologies, Sybari Software, Unica and WebEx Communications. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

About HelpSystems, Inc.
HelpSystems empowers people to excel in IT like never before. Every day more than 9,000 organizations across the globe rely on HelpSystems to automate and simplify server and network management, protect data, and give people simple access to information they need. Find out how HelpSystems makes IT lives easier and keeps businesses running smoothly at www.helpsystems.com.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.