PSG

Congratulations are underway for our portfolio partner, MentorcliQ! MentorcliQ, a leading employee mentoring software platform, was recently awarded four 2024 Brandon Hall Group Excellence Awards in collaboration with clients AMD, Gannett | USA TODAY NETWORK and Wintrust Financial Corporation. These awards celebrate organizations that have successfully deployed top employee development programs. MentorcliQ combines innovative technology with mentoring best-practices to improve employee engagement and increase employee retention across a wide range of businesses. Learn more about MentorcliQ’s work: https://lnkd.in/eUkncpym

Our portfolio partner Sport Alliance GmbH, a provider of cloud-based software services to gyms and fitness suites, has teamed up with French fitness enterprise L'Orange bleue to help improve the fitness experience across its 400 clubs through the adoption of Sport Alliance’s Magicline technology. This partnership’s goal is to help enhance the overall member experience with digital features that allow members to conveniently manage their studio-related activities. Learn more about Sport Alliance’s innovative approach to streamlining data flow and digitizing the global fitness industry below: https://lnkd.in/ePDqqiEk

We wrapped up our 2024 LP Conferences with meetings in Boston and New York. It was great to bring our LPs together to share how transformative technologies, like AI, can help accelerate growth opportunities across our portfolio and the broader software and tech-enabled services space. A big thank you to our portfolio company CEOs from Tiugo Technologies, Benchmark Analytics and Xurrent (Formerly 4me) for joining us to discuss their AI-driven solutions and how they are leveraging the resources of our Portfolio Operations group to help scale. 

We’re pleased to announce that we led a $47M growth investment in Nym, a leader in autonomous medical coding. Nym’s mission is to help simplify the US healthcare system and reduce the country’s outsized administrative burden to ultimately allow healthcare providers to focus on patients and reduce the cost of care. Leveraging AI and clinical language understanding technology, Nym is able to decipher medical charts and aims to accurately assign medical codes quickly, securely, and in real time, help reduce the associated time and costs. The investment aims to accelerate the expansion of Nym’s multi-specialty solution to support new care areas. Rotem Shacham, Director at PSG said, “In our view, autonomous medical coding is the clear direction of travel for the healthcare industry due to the persistent shortage of medical coders and unmitigated costs, among other factors. We believe Nym is set to maintain its position as a leading autonomous medical coding provider due to its AI-powered engine’s ability to help improve financial performance, operational efficiency, and compliance, enabling providers to focus on patient care.” Read more about the investment below: https://lnkd.in/g879N9Dq #growthequity #healthtech #AI

We’re thrilled to announce that Adam Marcus and Bill Skarinka, Managing Directors at PSG, have been named to GrowthCap’s Top Software Investors of 2024 list. The annual award recognizes software investors who have demonstrated a commitment to disciplined capital allocation and supporting portfolio companies scale.   At PSG, both Adam and Bill play an important role in the development and growth of portfolio companies, and we’re so lucky to have them as part of our team. Congratulations! To learn more about the award and its recipients, click the link below: https://lnkd.in/eVepUQCf

Congratulations to portfolio company INE Security (FKA eLearnSecurity) for being named Best IT Security-Related Training Program in the 2024 SC Media Awards! The SC Awards recognize solutions, organizations and individuals that have demonstrated outstanding achievement in the advancement of information systems security. INE Security is committed to improving the field of cybersecurity education by developing innovative and practical solutions that help combat growing cyber threats. Learn more about INE Security and how they continue to help revolutionize the digital learning industry below:  https://lnkd.in/e3CphXep   

PSG’s Zoe L. Rubin, Max Raisleger, Kelsey Cuddy, and Peter Zonsius recently laced up their sneakers and took to the pavement in the 12th annual Glen Doherty Memorial Road Race. The Glen Doherty Memorial Foundation works to support Special Operators as they transition from military to civilian life. To date, over $1,000,000 in scholarships have been awarded to 135 recipients, helping fund their traditional education and vocational/professional training journeys. We are honored to sponsor such a meaningful cause and preserve the memory of those who’ve made the ultimate sacrifice defending our country. A big thank you to GDMF board member Sarah Blatt and scholars Andrew Dugan, Anthony Capuano, and Andrew Heiny for sending our runners off! #philanthropy #giveback

Congratulations to portfolio partner LegitScript on their recent partnership with Electronic Merchant Systems (EMS), a provider of merchant solutions and payment services. This collaboration provides a standard for compliance in healthcare, ensuring that online pharmacies, telemedicine providers and other healthcare businesses adhere to regulations while providing secure payment transactions for consumers. Together, LegitScript and EMS are advancing their shared mission of making the internet and payment ecosystems safer and more transparent. Learn more about LegitScript here: https://lnkd.in/eyJYqw67

Listen to the latest PEI Disruption Matters episode to hear more from Managing Director Antony Edwards about the role technology and AI can play in effective portfolio management and how PSG continues to leverage the two to help identify risk.

We recently hosted our 2024 London LP Conference in the heart of Soho at the stunning Ham Yard Hotel. This year’s theme focused on AI, and it was exciting to hear our panelists’ perspectives on AI’s impact on the market, as well as PSG’s growth and roadmap for the future. We loved seeing our portfolio partners from Mapal Group and Signaturit Group , along with our PSG team and London LPs, come together for this event. Thank you to everyone who attended and helped make the conference a great success. We are looking forward to our upcoming conferences in Boston and New York City later this month!