OneSources Virtual gets $15m cash injection from PE firm Halyard


dollar 20_sqNew York-based private equity firm Halyard Capital has invested $15m in OneSource Virtual to finance the IT firm’s growth and expansion plans.

The investment capped off a three year period of rapid growth for OneSource, which said its revenues doubled in each year since its launch in 2008.

OneSource, which provides business process cloud-sourcing services, recently ranked number 54 on the list of America’s most promising companies by Forbes.

Halyard Capital partner Jonathan Barnes said, “We are impressed with the tremendous growth OneSource Virtual has sustained over the past few years.

“Halyard’s investment in OneSource supports our investment thesis that there is a substantial market need to provide world-class, outsourced services to enterprise customers of all sizes.”

Halyard currently has more than $600m of capital under management. The firm is focused on leveraged buyout and growth equity investments in the software, information and business services sectors.

Some of Halyard’s previous investments include Practice Insight, Digital Fortress, EducationDynamics, Datamyx and Presidio.

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