Haveli Investments Acquires Certinia


Haveli Investments, a technology-focused private equity firm, has announced the acquisition of Certinia, formerly known as FinancialForce, from Advent International and Technology Crossover Ventures. The acquisition will be funded by Haveli Investments Software Fund I L.P., with participation from General Atlantic. Salesforce will continue to be a shareholder in Certinia.

Certinia offers a Services-as-a-Business platform that includes Professional Services Automation (PSA), Customer Success, Services CPQ, ERP, and FP&A solutions. Its PSA software is known for powering and connecting all aspects of professional services operations, from estimation and delivery to customer success management and financial planning. The company’s offerings serve as a system of record for people-centric services engagements, transforming services delivery for over 1,400 customers in more than 30 countries.

Ian Loring, Senior Managing Director and Executive Chair of the Haveli Software Fund, expressed excitement about partnering with Certinia, praising the company’s impact and future potential in the professional services space. Mike Stewart, Principal at Haveli Investments, highlighted Certinia’s strong offering and customer base, expressing confidence in Haveli’s ability to support the company’s growth.

Scott Brown, President and CEO of Certinia, welcomed the partnership with Haveli and emphasized the company’s position in a rapidly expanding market. With Haveli as the new private equity partner, Certinia aims to capitalize on growth opportunities and meet evolving customer needs.

The transaction is expected to close in August 2023, subject to customary closing conditions. Legal and financial advisory services for Haveli Investments were provided by Ropes & Gray LLP and Morgan Stanley, respectively.

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