Madison, Wis – Apr. 5, 2021 – Singlewire Software has announced a strategic investment from funds advised by PSG, a leading growth equity firm based in Boston that partners with middle-market software and technology-enabled service companies. The investment positions Singlewire Software for a new era of growth as the market opportunity for mass notification continues to expand.
“The ability to notify employees of safety-related issues continues to remain a top priority for organizations globally, and we are proud to deliver critical software to make this possible,” said Paul Shain, President and CEO of Singlewire. “We are excited to partner with PSG as we continue to innovate and expand our offerings to meet the needs of the dynamic industries and organizations we serve.”
Singlewire has grown rapidly since its founding in 2009 and currently serves over 7,000 customers globally across healthcare, education, manufacturing, retail, corporations, and government entities. The company’s InformaCast product is one of the most comprehensive mass notification platforms available and is highly differentiated in terms of the speed and reach at which it delivers critical information, ease of use, and ability to seamlessly integrate with leading IT systems.
“Singlewire has a tremendous opportunity to scale its innovative platform to safeguard more lives,” said Tom Reardon, Managing Director at PSG. “Singlewire’s impressive solution is a clear result of their strong management team and we are thrilled to have the opportunity to partner with them as they continue to grow.”
The announcement comes on the heels of Singlewire Software being named the 2021 Top Workplace for mid-size companies in the Madison area by the Wisconsin State Journal.
“The culture we’ve developed at Singlewire over the past 12 years is one of our crowning achievements,” said Shain. “This investment will allow us to enhance that culture and capitalize on the success we achieved with the potential to grow through acquisitions, adding skilled team members, and leveraging new tools and resources that help our business thrive well into the future.”
PSG is a growth equity firm that partners with middle-market software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 65 companies and facilitated over 275 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City and London. To learn more about PSG, visit www.psgequity.com.
About Singlewire Software
Singlewire Software, based in Madison, Wis., is the developer of InformaCast, a leading software solution for fast and reliable emergency notifications. More than 7,000 organizations in over 50 countries use InformaCast for emergency notifications and IP phone paging. Whether it’s an active shooter, severe weather, or another crisis situation, InformaCast helps reach the right people, with the right information, to increase awareness, safety, and security.