Financial Information

• Financial information was not disclosed

Transaction Details

• Hoist Global Tech Solutions, a leading global systems integrator and services provider focused on IFS’s suite of enterprise software, announced that it received a growth investment from WestView Capital Partners, a Boston-based growth equity firm focused exclusively on partnering with middle market growth companies.

martinwolf Analysis

• Sole Focus on Servicing IFS: HOIST has established itself as one of the largest independent, IFS-focused services partners capable of supporting organizations with complex enterprise software needs across multiple regions and through a multilingual delivery model.
• Continued IFS Market Penetration: Mark Moffat, Chief Executive Officer of IFS, commented “With over EUR 1 billion in ARR delivered last year and 350 new customers onboard, we are seeing significant demand for IFS software from the world’s largest industrial companies. WestView’s endorsement represents not only an investment in HOIST’s expansion plan, but also validation of IFS’s technology innovation and vision of becoming the undisputed category leaders in Industrial AI software. We look forward to the continued success of our partnership.”
  – Reference Article
• Mutually Beneficial Partnership: WestView has a history of investing and growing founder owned and operated, software ecosystem-centric services organizations. The partnership with HOIST will allow the company to invest across their organization to support the rapidly growing IFS user base.

martinwolf was the exclusive financial advisor to HOIST in this transaction.