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Growth Equity

JMI Equity

JMI Equity takes minority stakes in growing companies, usually without full control, from United States. It states a focus on software & internet.

Disclosed holdings121
Earliest stated investment2020
HeadquartersUnited States
Largest single fundNot stated

Stated investment criteria

What JMI Equity says it buys

Read from JMI Equity’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Transaction typesGrowth1
Founded19921
People listed on its team page992

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by JMI Equity to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How JMI Equity is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$14bn
Employees81
Private funds advised20 · $14bn gross
SEC adviser numberCRD 158344

Portfolio

Disclosed holdings

Companies JMI Equity lists on its own website. 12 carry a stated investment year.

CompanyInvestedYears heldRecorded transaction
Bloomerang20206
Canto20215
ChurnZero20215
Greenlight Guru20215
Incident IQ20215
ServiceTrade20215
Performio20224
Vantaca20224
Coursedog20233
Visiting Media20233
DoorLoop20242
SimpliGov20251
ACI Worldwide
Activant
Adaptive Insights
Advyzon
Agiloft
Airclic
AlertMedia
Applied Systems
Appriss
Apptegy
Arena
Arrowhead
Attachmate
Autotask
Axonify
Benevity
Blackbaud
Businessolver
CampusLogic
CapsuleTech
Catapult Learning
CipherHealth
Clio
Code42
CompanyCam
Compusearch
Contentstack
CoreHR
Cosential
Courion
Descartes
DoubleVerify
EMS Software
EdSights
Ellucian
Employee Navigator
Eptura
Exiger
First Due
Fullbay
GEOVIA
Gartner
GoSwift
Granicus
Greenplaces
HackerRank
Halogen Software
Higher Logic
Huntress
IHS Markit
InMoment
Internet Brands
Intradiem
Jackson Hewitt
Jane
Level Access
Mitchell
NetIQ
Ontic
OpenSesame
OpenText
Oracle
PROS
Parachute Health
PointClickCare
PowerPlan
Progress
RainFocus
Safe
SafetyChain
Seismic
ServiceNow
SewerAI
SiriusDecisions
Symantec
TPT
TimelyCare
Trustwave
UKG
Unanet
Venasolutions
Vertafore
Vonage
WatchGuard
Whistic
Workfront
Yello
automotiveMastermind
avecto.com
ca.com
emc.com
gaiia.com
givecampus.com
harmonyis.com
ignitionapp.com
iii.com
intergraph.com
joinblvd.com
meetsoci.com
navicure.com
onboardmeetings.com
raptortech.com
schoology.com
studergroup.com
tc3health.com
thesearchagency.com
undertone.com
whitehatsec.com
xMatters

Compiled from JMI Equity’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which JMI Equity is named as buyer or seller in the transaction archive. 6 recorded exits, most recently in 2020. 1 recorded acquisition.

CompanySideCounterpartyYearConsideration
Arena SolutionsSoldPTC2020$715m
Intelex Technologies Inc.Sold2019$570m
WorkfrontSoldW Capital Partners2019$280m
SiriusDecisionsSoldForrester2019$245m
Avecto Ltd.Bought2015$49m
Intercept InteractiveSoldPerion2015$180m
The Studer GroupSoldHuron Consulting Group2015$325m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

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Comparable investors

Similar mandates

Other growth equity investors active in software & internet.