Inverness Graham, a Philadelphia-based buyout firm that buys innovative companies where technology transforms traditional industry, announced that it has acquired Cognito Forms, a growing SaaS-based provider of low-code / no-code workflow automation solutions.
Launched in 2013, Columbia, SC-headquartered Cognito delivers an intuitive platform that enables small and medium-sized businesses, non-profit organizations, and governments to streamline data collection, automate workflows, and enhance productivity, all without the need for a software developer.
Cognito’s platform is also built to support complex organizational needs with powerful, logic-driven automations and advanced features that reflect real-world workflows and data, making its offering particularly well-suited for compliance-driven sectors such as healthcare, education and legal.
With several recent successful exits of software / tech-enabled businesses including Concord Servicing, Swipeclock and Syntrio, the acquisition of Cognito builds on Inverness Graham’s investment and operational expertise in this key focus area and represents the first platform investment for Inverness Graham Investments V.
The terms of the transaction were not disclosed.
Advisors: Paul Hastings served as legal advisor to Inverness Graham. And Canaccord Genuity acted as exclusive financial advisor to Cognito.
KEY QUOTES:
“As organizations further digitize critical business processes and heighten focus on data security, the workflow automation market is poised for substantial growth. Within this market, Cognito has developed a valuable application with a loyal and diversified customer base, and we are thrilled to partner with the team to drive accelerated growth in its next chapter.”
Trey Sykes, Managing Principal at Inverness Graham
