JMI Equity operates as a private equity firm that focuses on growing and leading software companies. Founded in 1992, JMI Equity has placed investments in over 140 businesses in the software industry, with 90 successful exits and raising more than $4 billion in “committed capital.”
The software-based private equity firm has once again made the news after making $25 million investment into AlertMedia, an emergency communication software. The company’s software helps major organizations monitor and prepare for major disasters, such as wildfire, hurricane, tornado, terrorist attacks, network issues, active shooter situations and other significant events that could impact an organization. Outside of JMI Equity’s investment in AlertMedia, other major investors from firms including Next Coast Ventures and Silverton Partners, have invested $42 million in the company.
“As the global demand for AlertMedia software and services continues to skyrocket, this funding will be used to help us grow our team to satisfy that demand, as well as explore new ways to enable organizations to protect their workers and expand our offering,” said Brian Cruver, CEO of AlertMedia. “We are thrilled to partner with the JMI team, as they bring to the table a level of expertise in B2B software that is simply unmatched.”
JMI Equity Press Release:
AUSTIN – January 3, 2019 –AlertMedia, the world’s leading emergency communication software provider, announced today that it closed a $25 million investment from JMI Equity, a growth equity firm focused on
Every company, regardless of size, faces critical events that impact their employees. AlertMedia helps organizations monitor for these events, which include hurricanes, wildfires, terrorist attacks, winter weather, network outages, and active shooter scenarios. After identifying an event, companies then use AlertMedia’s powerful two-way communication software to connect with their people over multiple channels (text, email, mobile app, voice, social media, etc.) to improve coordination and outcomes.
The new funding will be used to accelerate AlertMedia’s strategic growth initiatives, including new product development, international expansion, and hiring. AlertMedia has raised $42 million to date from investors including Next Coast Ventures and Silverton Partners.
“As the global demand for AlertMedia software and services continues to skyrocket, this funding will be used to help us grow our team to satisfy that demand, as well as explore new ways to enable organizations to protect their workers and expand our offering,” said Brian Cruver, CEO of AlertMedia. “We are thrilled to partner with the JMI team, as they bring to the table a level of expertise in B2B software that is simply unmatched.”
With powerful and easy-to-use technology, AlertMedia has quickly emerged as the market leading emergency communication system. Customers such as DHL, British Petroleum, Texas Roadhouse, and Walmart are using AlertMedia to send and receive critical communications via multiple channels using one simple interface.
Bob Nye, General Partner at JMI Equity, has joined AlertMedia’s board of directors. “We couldn’t be more impressed with the AlertMedia team and their ability to execute. The company’s tremendous growth is a result of its innovative technology, intuitive user experience, and best-in-class customer support. We look forward to partnering with the AlertMedia team to further accelerate their growth and market dominance.”
About AlertMedia
As the world’s leading emergency mass communications and monitoring company in the world, AlertMedia helps hundreds of global organizations securely and effectively monitor threats, streamline notifications, and improve employee safety. The company’s cloud-based platform delivers communications that protect organizations, improve operations, and mitigate loss from any location, at any time, using any device. For more information, please call (800) 826-0777 or visit alertmedia.com.
About JMI Equity
JMI Equity is a growth equity firm focused on
