Genstar Capital makes growth investment in TA-backed insightsoftware

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San Francisco-based PE house Genstar Capital has made a growth investment into financial reporting software business insightsoftware.

TA Associates bought and merged insightsoftware.com with fellow enterprise resource planning and management businesses Global Software in June last year.

The North Caroline-headquartered business provides software which can been integrated into enterprise resource planning and enterprise performance management reporting platforms.

Insightsoftware’s offering allows real-time automated reporting, data syncing and analytics.

Genstar managing director Eli Weiss said, “The company’s products deliver compelling value to customers with immediate ROI for operational and financial reporting. With Genstar’s investment, we will help the company extend its leadership in reporting while enabling new avenues for growth, including global expansion.”

TA managing director Hythem El-Nazer said both firms will support the company’s expansion into new regions such as EMEA and APAC as well as new product categories including planning and forecasting.

Earlier this month Genstar bought a stake in insurance broker Worldwide Facilities from financial services-focused private equity firm Lovell Minnick.

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