Alpine Investors has backed EcoInteractive, a provider of software as a service solution in funding, budget and project management.
The private equity firm tapped its sixth fund, which closed on its $532m hard cap last year, to make an undisclosed investment in the business. Through the deal, Jessie Yu, part of Alpine’s PeopleFirst program, has joined EcoInteractive as CEO.
Headquartered in Davis, CA, EcoInteractive provides its software as a service (SaaS) solution to government transportation and environmental management organisations.Its solution supports diverse government needs and efficiently manages scheduling, documents, maps, environmental risk and regulatory processes by linking regional staff, local agencies, and both state and federal databases. EcoInteractive provides real-time, interactive management reports and customizable service packages to enable agencies to access up-to-date project data as their needs change.
EcoInteractive’s co-founder Anne Happe said: “They share our belief that success is founded on working with great people. This partnership enhances our ability to capture the opportunity in front of us and will ensure that we will continue to exceed the high expectations of our customers.”
Alpine Investors is a San Francisco- based private equity firm, specialising in high growth, founder-owned, lower middle market companies in software and business services. Back in September, cloud-based billing software company Billl4Time received an undisclosed investment from Alpine Investors.
In the first three quarters of 2017, more than $3.2bn was invested across the global infrastructure & enterprise software market according to data by FinTech Global. In the majority of the capital was invested in Q2 2017, with in excess of $1.7bn being spread across 57 deals.
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