JMI Equity maintains primary investor role
Unanet, the leading provider of project-based ERP and CRM solutions for government contractors (GovCons) and architecture, engineering and construction (AEC) firms, announced it has closed a new round of strategic financing from Onex Corporation. The investment will help Unanet accelerate its product innovation, go-to-market strategies, and plans for continued growth. Onex becomes the second major investor in Unanet, which is primarily funded by Baltimore and San Diego-based JMI Equity.
The addition of Onex, as well as three new board members who will collaborate with the Unanet executive team on growth strategies, will help to position Unanet for continued long-term success. It also reaffirms Unanet’s commitment to investing in technology to better serve its customers.
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Joining the Unanet Board of Directors are:
- Jim Reagan – Former Executive Vice President and CFO of Leidos, Mr. Reagan has held leadership roles at a number of GovCon firms.
- Tony Catalfano – Former CEO of Worldpay U.S. and Division President at Fiserv, Mr. Catalfano bring expertise as a strategic board advisor to a variety of middle market and expansion-oriented software and financial technology companies.
- Zach Levitt – Senior Principal of Onex Partners, in the firm’s Software and Business Services vertical.
“Investments by Onex and JMI, coupled with our outstanding leadership team, should leave no doubt about Unanet’s commitment to its customers, innovation, and our people,” said Craig Halliday, CEO of Unanet. “We look forward to accelerating our market leadership and continuing to offer customers a modern, user-friendly alternative to status quo software.”
“Unanet is disrupting the entrenched ERP and CRM markets and winning market share with a customer-first culture and modern, purpose-built solutions which provide demonstrable value to customers,” said David Greenberg, General Partner, JMI Equity. “We are excited to partner with Onex in continuing to execute on the significant organic and inorganic growth opportunities for Unanet in the GovCon and AEC markets.”
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