Private equity firm H.I.G Capital announced its investment in Digital Ware, an independent software supplier in Colombia. This represents H.I.G’s first investment in Colombia.
(Press Release) -Feb 12, 2019–H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with $30 billion of equity capital under management, is pleased to announce that it has completed a strategic investment in Digital Ware S.A. (“Digital Ware” or the “Company”), the leading independent software supplier in Colombia.
Headquartered in Bogotá, Colombia, and founded over 25 years ago, Digital Ware specializes in developing and selling ERP software, payroll human capital management (HCM) solutions, as well as hospital information systems and state-of-the-art business process management (BPM) applications for highly complex business environments.
“We are very pleased to partner with Digital Ware and have it be our first investment in Colombia. H.I.G. has been tracking the impressive path the founding shareholders and management have executed. We hope to enhance Digital Ware’s growth potential and take advantage of our extensive experience in the sector,” mentioned Fabio Saad, Head of H.I.G. for the Andean Region.
Camilo Bernal, Digital Ware Founder and CEO, said: “It was very important for us to find the right partner to help us execute our ambitious business plan for Digital Ware going forward, growing in additional countries in the region, and adding several new industry verticals. H.I.G.’s global platform, its track record with growing companies, regional experience in HCM software solutions, and local presence were key factors in selecting them as a partner. We are thrilled to start this new chapter for Digital Ware alongside H.I.G.”
Fernando Marques Oliveira, Managing Director and Head of H.I.G. Latin America, commented: “H.I.G. is delighted to announce its first investment in Colombia with such a great company. We hope to accelerate our investment strategy in the Andean Region, and Digital Ware is an important step in consolidating H.I.G.’s position as the leading small/ midcap investor in Latin America.”