Incident IQ Raises Strategic Investment From Cove Hill Partners

By Noah Long ● Feb 9, 2024

Incident IQ (a leading workflow management platform for K-12 school districts) announced that Cove Hill Partners will join JMI Equity and the Incident IQ founders and management team as strategic investment partners in the Incident IQ business. ANd Incident IQ will continue to be led by Chief Executive Officer, R.T. Collins and the rest of the current management team.

Incident IQ’s cloud-native platform is used by over 1,500 school districts across the United States to manage critical workflows across IT, facilities, HR, and other operations. And the iiQ Platform drives efficiencies that allow school systems to devote more time and resources to teaching and learning. The new funding will allow iiQ to accelerate its ambitious product roadmap and strengthen its market-leading position for K-12 schools.

Robert W. Baird & Co. served as financial advisor to Incident IQ on the deal. And William Blair served as financial advisor to Cove Hill. The deal is expected to close in the first quarter of 2024, subject to customary conditions and approvals.

KEY QUOTES:

“This new partnership represents a tremendous opportunity to grow our impact in the districts we currently serve and expand to new opportunities that can benefit from workflow transformation. We are excited to work with Cove Hill and grateful for the continued support of JMI Equity as we advance our mission serving K-12 schools.”

– R.T. Collins, Incident IQ CEO

“Cove Hill is excited to partner with R.T. and the Incident IQ team to support the company’s long-term growth. We believe our investment will support Incident IQ to deliver continued product innovation and exceptional service to districts across the country.”

– Dan May, Co-Founder and Partner at Cove Hill

“The impressive growth that Incident IQ has experienced over the last few years is a testament to the value that they have delivered to the districts they serve, enabling teachers and students to spend more time teaching and learning.”

– Larry Contrella, General Partner at JMI Equity