PE company Understanding Allies spends $290M for a majority stake in CivicPlus, which supplies software application and various other innovation to greater than 4,000 municipal governments (AJ Dome/Manhattan Mercury).

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    PE firm Insight Partners invests $290M for a majority stake in CivicPlus, which provides software and other technology to more than 4,000 municipal governments (AJ Dome/Manhattan Mercury)

    AJ Dome / Manhattan Mercury:
    PE firm Insight Partners invests $290M for a majority stake in CivicPlus, which provides software and other technology to more than 4,000 municipal governments  —  A Manhattan software business owner says a multimillion-dollar investment into the company will not change the company’s makeup.

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