The 28-year-old company provides human resources software for more than 400 businesses across Brazil, it said in a statement.
HIG Brazil head and managing director Fernando Marques Oliveira said, “LG Sistemas has very strong market positioning backed by the quality of its management and development team.
“We are delighted to be partnering with LG Sistemas and we’re committed to supporting the company’s mission of improving the performance of its clients’ human resources capabilities.”
In March Japanese venture capital firm JAFCO completed a $5m investment in Asia-based human resources and e-recruiting software business HiringBoss.
The company said it would use the funding to accelerate its R&D and product development and increase regional sales and local support mechanisms.
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