‘Significant' investment

Halogen Software Inc. locks up an investment it describes as “significant” from Baltimore-based private equity firm JMI Equity. Halogen.jpgThe Ottawa-based maker of web-based employee performance and talent management software says it will use the strategic investment to speed growth and fund sales, marketing and development. “We looked for a strategic investor that would be a true partner, help maximize our potential, and bring us to the next stage of growth as a company,” says CEO Paul Loucks. “JMI is just that partner – they’re a tier-one firm that stood out with their deep knowledge of the human capital management market, and this partnership is a testament to where we’re headed.” Although Halogen has not divulged the size of the investment, it has revealed that the funding deal is its largest to date and comes with a new addition to its board, JMI general partner Harry Gruner.

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