With over 4,000 global customers, EnterpriseDB (“Company”) is a top developer of Postgres software for the enterprise. Customers use EnterpriseDB software to handle large-scale transaction processing, customer analytics, data warehousing, and web-based applications. The Company’s portfolio of multi-cloud and on-premises Postgres performance, scalability, security, management tools, and Oracle database compatibility have contributed to Postgres’ stunning market growth within the enterprise.

“EnterpriseDB was PeakEquity’s first portfolio investment and a successful exit. We are very pleased with the Company’s organic growth and market penetration since our investment” said Paul Winn, Co-Founder and Partner of PeakEquity Partners. “EnterpriseDB has tripled its Annual Recurring Revenue base (“ARR”) over our investment period and has accelerated its revenue growth rate to 40% year-over-year. We have enjoyed partnering with EDB’s leadership team on strategy, product, go-to-market, and key hiring initiatives.”

“We selected PeakEquity as our lead investor in 2014 due to their broad strategic and operational experience in building software companies. Over the past four and a half years Paul Winn’s strategic guidance as Chairman and the support of PeakEquity’s operating executive resources played an integral role in our success” said Ed Boyajian, President and CEO of EnterpriseDB. “This acquisition comes at a time when the Postgres market is exploding and we are excited about the next stage for the Company.”

Over PeakEquity Partners I, L.P.’s hold period EnterpriseDB augmented its senior leadership team, built an independent Board of Directors with strong operating executive talent, refined its go-to-market strategy and expanded product offerings. EnterpriseDB has experienced 37 consecutive quarters of ARR growth. DB-Engines.com named Postgres “Database of the Year” in 2018 for the second consecutive year as it has increased in popularity more than any of the other 300-plus monitored systems.

Jefferies served as exclusive financial advisor to EnterpriseDB in connection with this transaction. Additionally, Canaccord Genuity Group provided strategic support.

“It’s an exciting time to be at Xeeva! We’ve come a long way,” said Dilip Dubey, CEO and Founder of Xeeva. “This investment is both a testament to our team members and all the hard work it’s taken to get the company to where it is today, as well as a confirmation of our bright future ahead. This is an amazing milestone for us! I truly look forward to everything the next chapter has to offer.”

Since its inception in 2014, Xeeva has remained focused on providing sustainable results and massive savings to its customers through its procurement and sourcing software. It does this with the help of the patented artificial intelligence that powers its full suite software. With solution offerings for visibility, sourcing, procurement, and supplier results, the software simplifies the source-to-settle process. It assists its users by cleansing and categorizing spend data, automating buying tasks, picking the best supplier, and identifying opportunities to save.

This funding comes at a key time to accelerate Xeeva’s growth and open new doors for the company. It amplifies their ability to disrupt how organizations manage spend. Xeeva is excited to partner with a firm that is equally as passionate about changing the future of procurement.

“Xeeva has developed a differentiated solution that delivers hard ROI to its customers through quick spend visibility and real savings to the bottom line,” said Paul Winn, Co-Founder and Partner of PeakEquity Partners. “This investment will enable the Company to accelerate their growth in the attractive e-procurement market.”

Justin Reger, Principal of PeakEquity Partners, added “Our key investment focus is to partner with management teams who have developed products with sustainable differentiation in growing markets and we believe the Xeeva team has established an attractive competitive position that our investment and operating network can accelerate. Xeeva is led by an experienced and visionary Founder and CEO whom we are excited to support in the company’s next stage of growth.”

Xeeva plans to utilize the significant funds raised to grow their company in multiple areas, including further enhancing their product suite, accelerating sales and marketing efforts, and elevating the Xeeva brand to new levels.

“Partnering with PeakEquity Partners will help us on the journey to achieve our goals,” stated Xeeva CEO, Dilip. “I am enthusiastic and motivated about working with them as I believe they offer experience that will be greatly valuable. Their market-tested combination of strategic, operational, and financial background in scaling software companies, along with their best practices programs and operating executive network, will be useful as we continue to build Xeeva.”

The Xeeva transaction represents PeakEquity Partner’s fourth subscription-based, recurring revenue software investment. Since inception, PeakEquity Partners has invested over $250 million on behalf of PeakEquity Partners I, L.P. and its co-investors.

Greg Case and Paul Winn formed PeakEquity Partners in 2014, and were joined by Ric Andersen in 2015. D.J. Andrzejewski joined PeakEquity Partners in 2014 and was promoted to Principal in 2016.

• Mr. Case (Co-Founder and Partner), previously a Senior Partner and Shareholder at Apax Partners as well as a Partner at LLR Partners, leverages over 25 years of private equity investing experience and has dedicated the last 15 years to investing in, and providing strategic guidance to, enterprise software and solutions businesses.

• Mr. Winn (Co-Founder and Partner), having served in executive leadership positions at large and middle market enterprise technology companies from product development, site management and general management at IBM to President / CEO roles at Genicom, PowerQuest and Princeton Softech, has been building sustainable growth enterprise software and solutions businesses for over 25 years.

• Mr. Andersen (Partner), previously a Managing Director at Silver Lake Partners and a Partner at Milestone Partners, as well as a senior partner at Price Waterhouse, PwC Consulting, and IBM, leverages over 30 years of business leadership, value creation, and investing in industry, management consulting and private equity.

• Mr. Andrzejewski (Principal), previously with Stripes Group, Milestone Partners and Venrock, brings over eight years of private equity experience sourcing and executing investments across a variety of software and technology sectors.

PeakEquity Partners invests in enterprise software and solutions companies that have large addressable markets, proven technology, products and offerings, and demonstrated traction with a meaningful base of referenceable customers. To date, PeakEquity I has led three enterprise software and solutions buyouts, deploying $50 million of fund equity, and over $200 million of fund and co-investor equity.

• G5 is a software as a service (“SaaS”) digital marketing platform for multiple real estate verticals. G5 simplifies the complexity of digital marketing with a cloud-based platform that creates, measures, and optimizes the entire customer experience – from awareness to advocacy – for a fraction of the cost of traditional marketing approaches.

• EnterpriseDB provides enterprise class database solutions based on PostgreSQL, an open source data platform for digital businesses. EnterpriseDB is the leading worldwide provider of Postgres software and services that enable enterprises to reduce their reliance on costly proprietary solutions and slash their database spend.

• Valiant Solutions is a leading provider of human capital management solutions. Valiant’s solutions are delivered in a SaaS platform which powers a suite of integrated payroll, time and labor management and human resources products.

Stanwich Advisors LLC and CV Brokerage Inc. served as placement agents for PeakEquity I and Weil, Gotshal & Manges LLP served as legal counsel.

G5, the leader in maximizing digital marketing effectiveness for the property management sector including the Multi-Family, Senior Living and Self-Storage verticals, is an innovator in digital marketing as evidenced by its industry leading Marketing Cloud platform. G5 has continued to innovate and was the first company focused on the property management sector with mobile platform functionality, responsive websites, social SEO, and lead-to-lease reporting. G5’s Marketing Cloud offering has simplified the complexity of digital marketing with best-in-class tools for sites, search, social, and advocacy, as well as analytics to measure and optimize results. Innovation has propelled the company’s growth attracting recognition on Deloitte’s Technology Fast 500™ list for five consecutive years.

“G5 has a proven track record of consistent growth and innovation, a strategic platform for clients to build on, and a strong effective culture”, said Paul Winn, Co-Founder and Partner of PeakEquity Partners. “Digital marketing is disrupting traditional marketing creating greater efficiency for property owners while increasing tenant’s insights real time through effective mobility engagements.”

Founded in Bend, Oregon, G5 was created with one goal in mind: improving return on investment on digital marketing spend while increasing net operating income for customers. Today, G5 has grown to over 175 employees who are trained to think like owners and operators in the Multi-Family Housing, Self-Storage, Senior Living, and Student Housing verticals. The result is a loyal customer base that includes more than 6,000 properties representing more than 1.5 million units. G5 has a strong partnership with Google, and has over 25 Google-certified members on the Company’s Digital Strategy team.

“The individual partners at PeakEquity have a broad set of experiences in building sustainable high growth software companies,” said Dan Hobin, Co-Founder and CEO of G5. “Their level of investment in G5 demonstrates their commitment to our core focus of improving the digital renter’s journey while increasing net operating income for our customers. I am excited to leverage their broad operating experience as we take G5 to the next level.”