SEG Client, Cougar Software, Receives an Investment from dmg information
SAN DIEGO, CA--(Marketwired - Jul 3, 2013) - Software Equity Group, LLC (SEG) announced today its client, Cougar Software, the leading provider of budgeting, planning and forecasting solutions for the real estate industry, has received a growth equity investment from dmg information (dmgi), a business division of Daily Mail & General Trust (DMGT) that manages and develops a portfolio of high-growth, innovative companies that provide business-to-business information to the property, education, energy and commodity and structured finance markets.
dmgi's investment in Cougar Software represents SEG's seventh transaction in the real estate software segment. SEG's prior real estate transactions include the sale of clients providing application software for commercial facilities/property management, facilities design, integrated workplace management, multi-family property vendor compliance management, commercial building construction, public sector housing and long-term care facilities. Acquirers of SEG's real estate software clients include RealPage, Yardi, Accruent and Bentley Systems.
Cougar is well known in the property sector as a leading provider of budgeting, planning and forecasting solutions exclusive to the Real Estate Industry, and enables its users to easily make strategic decisions using sophisticated financial modeling.
"The timing of this investment couldn't be better," said Oren Rosen, CEO, Cougar. "Over the last five years we have been building a foundation for growth by steadily increasing market penetration in North America, Europe and Asia Pacific. With the strategic and financial backing of dmgi, we can continue our demonstrated track record of customer-driven product innovation and put our foot on the accelerator to increase penetration in these markets."