Hg

IFS, leading provider of enterprise cloud and industrial AI software, has shared their H1 2025 results:   - Annual Recurring Revenue (ARR): +30% YoY - Cloud Revenue: +37% YoY - Recurring Revenue: +24% YoY (now 82% of total revenue)   Mark Moffat, CEO of IFS said “Our phenomenal growth proves customers are done with AI theory. They want AI that solves real problems, at scale, and are placing their trust in IFS to lead them through the Industrial AI revolution.”   Read the full results: https://lnkd.in/eCvsmZdC   For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/dSNa_xUa

"English is becoming the next coding language."   Michele Catasta from Replit delivered this striking insight at our Software Leadership Gathering, where he revealed how their AI agent has built 4 million applications in just 9 months.   The numbers tell a remarkable story - native AI companies are reaching $30M ARR five times faster than comparable SaaS companies, operating with unprecedented efficiency levels. As Catasta noted, Replit still has work to do to reach its target of 1 billion users, but the trajectory is clear: AI is fundamentally changing the way software is created. Dive deeper into how native AI companies are scaling at unprecedented rates: https://lnkd.in/eJcKJMN4 For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/ea3n7nGe

At Anthropic's "Claude for Financial Services" event, our North American AI Lead Lloyd Hilton shared insights from Hg's comprehensive AI transformation.   Lloyd outlined how our team of AI experts and trusted partners is working with the portfolio to mobilise change and accelerate growth on an industrial scale, from reinventing operating models to building the next generation of vertical AI products. He also discussed how we’re embedding AI across Hg, with universal adoption accelerating diligence and decision-making. The event focused on practical AI implementation in financial services, addressing the precision and regulatory requirements unique to banking, insurance, and asset management.   Watch the full session: https://lnkd.in/euyzc8Ce For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/edWb4q6x

Congratulations and welcome to the IRIS team Jason Dies! “We’re thrilled to welcome Jason as our new CEO as we continue to deliver best-in-class innovative solutions for our customers and accelerate our international growth,” said Gus Malezis, Chairman of the Board at IRIS Software Group. For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/eVzmxFd8

The European software sector has undergone remarkable transformation over the past two decades. This thoughtful analysis from Alexandra Heal at the Financial Times examines the strategic shifts that have reshaped European tech investing - and the challenges that define today's landscape. As a specialist software investor for over two decades, we've witnessed this evolution first-hand. Nic Humphries, senior partner at Hg, notes: "We have a culture and strategy that positions us at the heart of technology-driven workplace transformation. That's what makes the next 25 years just as exciting as the last." The piece captures key inflection points including the rise of sector-focused funds, the importance of operational expertise, and how European software companies now compete globally. Read the full article: https://lnkd.in/ew4CDUcc For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/edWb4q6x

"Software is not a sector anymore. Software is in everything we do."   Martina Sanow, Partner at Hg, shares why Hg focuses on mission-critical enterprise software companies and why it's a compelling investment thesis on the Alt Goes Mainstream podcast with Michael Sidgmore.   💡 Martina discusses Hg's evolution as a firm, the strategic importance of enterprise software investing, and insights from building Europe's largest portfolio of software and services businesses across our 55 portfolio companies. As Head of Hg Wealth, she also shares how the firm is bringing its specialised expertise to our evergreen fund.   Listen to the full conversation: https://lnkd.in/epycFjua For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/edWb4q6x

"This is what people are talking about when they're talking about a multiplication of the market and the value. It's that 10 to 15x."   Christopher Kindt, Hg's Head of Value Creation, delivered a data-rich reality check on generative AI's impact across Hg's portfolio of 50 companies at our Software Leadership Gathering.   His data revealed striking productivity gains across the portfolio. Developer productivity has jumped by more than 30% through AI coding assistants, with some CEOs already experimenting with one or two-person engineering teams.   Read more of Chris's views from the frontlines: https://lnkd.in/ecUR_iww

Congratulations and welcome to the Norstella team Kris Joshi! "Kris brings exceptional leadership and a transformative vision for AI-driven innovation in life sciences data & analytics. His deep technical expertise and track record of scaling multi-billion-dollar businesses, combined with his commitment to improving patient outcomes, make Kris the ideal leader to accelerate Norstella's mission. We're also hugely grateful to Mike Gallup for building such a strong foundation, which has positioned the business perfectly for this next phase of growth." David Issott, Partner at Hg. For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/eVzmxFd8

🏆 Congratulations to Louis Kinsella, Partner at Hg, for being named one of the Rising Stars of Private Equity in Private Equity News' 2025 list!   Starting as an analyst in 2015, he has been instrumental in building our US presence, helping to set up our New York office and developing our focus on "office of the CFO" software solutions - contributing to what is now one of our most active investment clusters.   Promoted to partner in April 2025, Louis continues to drive growth in tax and accounting software investments and sits on the boards of five portfolio companies.   Read the full list here: https://lnkd.in/egQp_fu2 For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/edWb4q6x

A-LIGN announces strategic investment from Hg to accelerate its global expansion. Hector Guinness and Joris Van Gool, Partners at Hg said: “Scott and his world-class team have built an exceptional and truly client-centric business. We have been particularly impressed by their unwavering commitment to quality, while leveraging proprietary technology to drive efficiency for their customers. This combination has created a sustainable source of competitive differentiation that we believe can extend A-LIGN’s growth in new regions, adjacent service lines, and new customer groups.” Read the full announcement: https://lnkd.in/ekdY_mh6 For the latest on Hg and portfolio news, subscribe to our monthly updates: https://lnkd.in/edWb4q6x