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Cougar Software receives an investment from dmg information
dmgi’s investment in Cougar Software facilitates customer-driven product innovation and increased market penetration.
Oren Rosen ,
Former CEO
Licking our wounds of a failed deal we attempted to navigate ourselves, we engaged the SEG team for the next opportunity and never looked back. What resonated for me with Allen and the SEG team was the sincerity and integrity, and knowing they had my best interests at heart. SEG is not about just getting another deal done, they are in it for the long term and strive for win-win outcomes from a place of honesty and integrity, which is why many years later we still keep in regular contact."
- Oren Rosen, Former CEO, Cougar Software
SEG served as exclusive advisor to Cougar Software
Client Description
The company
Cougar Software provides sophisticated budgeting, planning and forecasting solutions for to the Real Estate industry, enabling users to easily make strategic decisions.
Headquarters
Toronto, Canada & Sydney, Australia
Buyer Description
The company
dmg information (dmgi) is 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.
Headquarters
Stamford, CT
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PRESS RELEASE OVERVIEW
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.”