Contact:

Todd Ofenloch
Managing Director
tofenloch@higcapital.com

H.I.G. Capital
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Boston, MA 02116
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F 617.262.1505
www.higcapital.com

Eze Castle Integration, an H.I.G. Capital Portfolio Company, Completes Acquisition of NorthOut

BOSTON – November 12, 2020 – H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with over $41 billion of equity capital under management, is pleased to announce that its portfolio company, Eze Castle Integration (“Eze Castle”), has acquired NorthOut Inc. (“NorthOut”).

Headquartered in Boston, MA, NorthOut is a fast-growing digital transformation firm with 165 employees focused on delivering advanced solutions that allow leading organizations to accelerate business transformation and overcome business challenges. NorthOut brings a valuable combination of business-led digital strategy and modern engineering driven design to its core capabilities – Digital Experience Design, Application Modernization, DevOps and System Integration.

The acquisition is a significant step in accelerating Eze Castle’s digital transformation offering and reinforces Eze Castle as the leader in end-to-end technology solutions for the financial and professional services industries.

“Eze Castle’s vision is to be the leading, innovative technology partner transforming business around the globe. Digital transformation is a great challenge and opportunity facing clients, as success requires a balance of strategy, innovation, and flawless technology delivery. With the NorthOut acquisition and previously Alphaserve Technologies, we have built a digital services portfolio that provides unmatched value to clients and the market,” said John Cahaly, CEO of Eze Castle.

Monesh Jain, CEO of NorthOut, said, “We are thrilled to be joining a company that shares our passion for client success, technology innovation and outstanding results. We see significant opportunity to deliver combined value to our and Eze Castle’s clients while accelerating the market momentum around our digital transformation services.”

Nathan Dionne, Co-founder of NorthOut added, “A firm’s digital transformation journey is shaped by its existing environment, business processes and end-state objectives. Through the application of emerging technologies, from artificial intelligence and machine learning to hyperautomation, together NorthOut and Eze Castle will enable clients to reach new levels of efficiency, productivity and success.”

“We are excited to add NorthOut and its team to Eze Castle. NorthOut’s app dev and digital transformation capabilities materially extend the value Eze can provide to customers. We look forward to continuing to work with Eze Castle to identify and execute on strategic activities that grow the customer base and enhance the service offering,” said Todd Ofenloch, H.I.G. Managing Director.

About Eze Castle Integration
Founded in 1995, Eze Castle Integration is a global leader in end-to-end technology solutions to financial and professional services industries. We allow 800 forward-thinking organizations around the world to reach new performance levels through innovative technology and business transformations. For more information, visit www.eci.com.

About NorthOut
Founded in 2015, NorthOut is a digital transformation strategy and engineering firm using emerging technology experiences to deepen relationships, accelerate business growth, drive organizational efficiency and create better outcomes for its customers. NorthOut’s customers span the Fortune 1000 to venture backed start-up organizations seeking to gain competitive advantage through the creation, deployment and use of next generation technologies in an increasingly disruptive economy. For more information, please visit http://www.northout.com.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over $41 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.