Private equity firm, Haveli Investments, specializing in technology-focused enterprises, has confirmed a definitive agreement to acquire Certinia, previously known as FinancialForce. The acquisition from Advent International and Technology Crossover Ventures (TCV) stands as a significant stride in Haveli Investments’ portfolio expansion.

Certinia’s Services-as-a-Business platform encompasses a wide range of solutions such as Professional Services Automation (PSA), Customer Success, Services CPQ, ERP, and FP&A. Haveli will draw funds from its Haveli Investments Software Fund I L.P. for this transaction. Alongside, partners including General Atlantic, a global growth equity firm, will also contribute. Salesforce, a renowned cloud-based software company, will persist as a shareholder in Certinia.

The acquisition of Certinia, recognized for its industry-leading PSA software, strengthens Haveli’s stake in the enterprise software space. With software solutions covering everything from services estimation and delivery to financial planning and accounting, Certinia provides a comprehensive system of record for people-centric service engagements. The company boasts of 1,400 customers in over 30 countries, and its offerings, including ERP and Customer Success solutions, deliver a complete services-as-a-business platform.

Ian Loring, Senior Managing Director and Executive Chair of the Haveli Software Fund, praised Certinia, saying, “Certinia is the gold standard system of record for end-to-end software for professional services organizations. We are thrilled to partner with Certinia for Haveli’s first enterprise software investment.”

Mike Stewart, Principal at Haveli Investments, further emphasized Haveli’s commitment to supporting Certinia, “Given our team’s collective experience working with high potential companies in the enterprise software space, we believe Haveli is very well positioned to support Certinia.”

Scott Brown, President and CEO of Certinia, expressed his optimism for the future, stating, “With Haveli as our new PE partner, we are confident we can take full advantage of growth opportunities and further enhance our ability to meet our customers’ ever evolving needs.”

The acquisition is expected to finalize in August 2023, subject to typical closing conditions.

  Advent International, Certinia, General Atlantic, Ian Loring, Mike Stewart, Salesforce, Scott Brown, TCV, Technology Crossover Ventures, USA