Hg invests in Litera Microsystems
Hg has announced that it is investing in in Litera Microsystems, a provider of end-to-end document lifecycle solutions to the legal and life sciences industries worldwide, headquartered in Chicago. Litera helps organizations mitigate risk and drive return on investment by enabling users to create, check, repair, collaborate, and share high-quality complex documents.
Terms of the transaction are not disclosed. The transaction will be Hg’s sixth legal and compliance business in the current portfolio. Hg says the investment in Litera follows one of its core investment theses, focused on the secular growth of software suppliers for business-critical functions in the legal and regulatory compliance sector.
Litera was previously a portfolio company of K1 Investment Management, an investment firm focusing on high-growth enterprise software companies. According to K1, through the partnership Litera tripled its revenue to become a leading provider of end-to-end document management software.
For more information, go to www.litera.com, www.k1capital.com, and https://hgcapital.com.