Haveli Investments Acquires Certinia

Haveli Investments, a technology-focused private equity firm, has announced its acquisition of Certinia, formerly known as FinancialForce. The acquisition comes as part of Haveli's strategic move to expand its presence in the technology sector and strengthen its portfolio of software investments. Certinia is a leading provider of Services-as-a-Business solutions, offering a comprehensive suite of professional services automation, customer success, and financial planning and accounting solutions.

Certinia's industry-leading PSA software serves as a system of record for professional services organizations, enabling seamless integration and management of all aspects of services operations. From estimation to delivery, customer success management, and financial planning and accounting, Certinia's suite of offerings empowers services businesses with the tools and intelligence needed to run a connected and agile services business. With a customer base of over 1,400 companies across 30 countries, Certinia has proven its ability to transform services delivery and drive growth.

Haveli Investments, known for its expertise in the technology sector, recognizes Certinia as the gold standard in end-to-end software for professional services organizations. The acquisition is Haveli's first enterprise software investment, highlighting the firm's commitment to partnering with high-potential companies in the software space. Haveli will leverage its experience and resources to support Certinia in its next phase of growth and value creation.

Certinia's strong market position and loyal customer base were key factors in Haveli's decision to acquire the company. With Haveli as its new private equity partner, Certinia is well-positioned to capitalize on growth opportunities and meet the evolving needs of its customers. The partnership aims to enhance Certinia's ability to drive innovation and help its customers achieve their full potential.

The acquisition is subject to customary closing conditions and is expected to be finalized in August 2023. Ropes & Gray LLP and Morgan Stanley served as legal and financial advisors to Haveli Investments for the transaction.

About Haveli Investments

Haveli Investments is a private equity firm headquartered in Austin, Texas. Specializing in the technology sector, Haveli seeks to invest in high-quality companies through control, minority, or structured equity and debt investments. The firm partners with innovative companies and management teams to provide operational and strategic support throughout a company's life cycle. Haveli's team of experienced investors and industry experts focuses on driving innovation, growth, and sustainable operating margins. For more information, please visit www.haveliinvestments.com or follow Haveli on LinkedIn.

About Certinia

Certinia, formerly known as FinancialForce, is a leading provider of Services-as-a-Business solutions. The company's platform powers and connects all aspects of services operations, from estimation and delivery to customer success management and financial planning and accounting. Certinia's Professional Services Automation (PSA), Customer Success, and ERP solutions, built on Salesforce's cloud platform, enable services businesses to run connected and intelligent operations with agility. Headquartered in San Jose, California, Certinia is backed by Haveli Investments and Salesforce Ventures. To learn more, visit www.certinia.com.

In conclusion, Haveli Investments' acquisition of Certinia marks an important milestone in the expansion of its software investment portfolio. The partnership between Haveli and Certinia is poised to drive growth, innovation, and value creation for both companies and their stakeholders. With Haveli's support, Certinia is well-positioned to capitalize on growth opportunities and continue delivering market-leading solutions to its global customer base.