(Business Wire) H.I.G. Capital’s portfolio company, LG Lugar de Gente, a human resources software provider in Brazil, has acquired E-Guru Serviços em Tecnologia Educacional, a human capital management provider, to strengthen its position as the only HR focused software company in Brazil offering a complete set of HCM solutions.
H.I.G. Capital (“H.I.G.”), a leading global private equity and alternative asset investment firm with over $20 billion of equity capital under management, is pleased to announce that its portfolio company, LG Lugar de Gente (“LG”), a leading human resources software provider in Brazil, has acquired E-Guru Serviços em Tecnologia Educacional (“E-Guru” or the “Company”), a leading provider of Human Capital Management (“HCM”) solutions to further strengthen its position as the only HR focused software company in Brazil offering a complete set of HCM solutions to its clients. Since H.I.G.’s investment, LG has completed two add-on acquisitions, including acquiring W3 last year.
Founded in 2001 and headquartered in São Paulo, E-Guru is a leading developer of cloud-based solution for employee recruiting and training such as learning games, e-learning, LMS platform, among others. The Company is the pioneer and leader in the development of assessment games in Brazil, which “collect” information about the player’s decision-making process enabling profile mapping and identification of areas to be further developed by the employee, allowing for better resource allocation in employee training and retention efforts as well as more effective employee recruiting.
Felipe Azevedo, founder of E-Guru, will serve as HCM director of LG and will lead the Company’s growth and integration efforts.
Fernando Marques Oliveira, Head of H.I.G. Brasil and H.I.G. Latin America, commented “With this acquisition, LG will further expand its software platform and be able to offer a complete solution not only for the core HR market (payroll, benefits, etc) but also for the strategic part of HR (recruiting, talent management, HR analytics, etc), becoming a one-stop-shop for tech-related HR solutions in Brazil. E-Guru has a very complementary offering to LG’s application suite, and has a high commitment to product quality and client service. We are confident the two companies will benefit greatly from working together”.