Friday, July 22, 2016

Genesys Gets $900M Investment From Hellman & Friedman

San Francisco-based contact management software developer Genesys said Thursday private equity investor Hellman & Friedman LLC has invested $900M in the company in a private equity round. Genesys says that Hellman & Friedman acquired the equity stake from its existing investors. The deal was valued at $3.8 billion. Genesys said existing investors Permira Funds, Technology Crossover Ventures, and other original investors will continue to own a majority stake in the company. Genesys is led by Paul Segre.