Surrey-based Safe Software Receives Strategic Growth Investment from JMI Equity, Co-CEO Dale Lutz Taking on New RoleFriday, January 12, 2024
Surrey, BC, January 12, 2024--(T-Net)--Safe Software, a leading enterprise integration company with support for spatial data, announced that JMI Equity has made a strategic growth investment in the high growth, enterprise solutions provider.
Safe Software provides solutions that allow people and enterprises to unlock the full potential of their information, including spatial data.
Safe is helping create a connected, informed, and innovative future, aligning with JMI's focused strategy to invest in leading software companies with proven business models and long-term growth potential.
The privately owned Canadian company has been profitable since its inception in 1993, and is well-positioned to continue to expand client growth in the enterprise sector.
Don Murray, Co-Founder & CEO, Safe Software
"Our new investment partners at JMI have been following our journey for well over a decade, and they love what we have created and want to help us build upon our solid 30-year foundation as we enter an exciting next chapter," comments Don Murray, Co-Founder & CEO, Safe Software. "Dale Lutz and I have built a phenomenal company in Safe Software, and I couldn't be prouder of our team's achievements over the last three decades."
"Safe Software brings a groundbreaking and unique solution for enterprise data needs and represents a true industry success story. We have known Don and Dale for many years, and we are thrilled to be a part of Safe's future," says Brian Hersman, General Partner, JMI Equity. "We look forward to working closely alongside Safe's leadership team as they continue to innovate and deliver industry leading solutions to their clients around the world."
Don Murray will continue to lead the business as CEO and the rest of the leadership team will remain in their current roles. The company anticipates no updates to its day-to-day operations and will remain focused on serving clients globally.
Dale Lutz, Co-Founder and past Co-CEO
Dale Lutz, has decided to embark on a new chapter in his career and will be taking on a new role at Safe, focusing on his passion for FME and stepping away from his leadership role as co-CEO.
The Globe and Mail has reported that Baltimore-based JMI Equity and Co-CEO Mr. Murray have purchased Mr. Lutz's 50-per-cent stake (for an amount they estimated at over $200 million), marking the first time an outsider has invested in Safe. See their full reporting here (may require subscription)
About Safe Software
Headquartered in Surrey, British Columbia, Safe Software is the creator of FME, the only enterprise integration platform with comprehensive support for spatial data. The company was founded in 1993 and has been focused on bringing life to data since its inception. Whether your challenges have to do with spatial data, big data, stream processing, cloud migration, or business intelligence, Safe Software is here to help you spend more time reaping the benefits of information, and less time fighting it.
About FME by Safe Software
The FME Platform has built-in support for thousands of systems as well as 800+ out-of-the-box transformers allowing users to build and automate custom integration workflows without having to code. Over 20,000 organizations worldwide trust FME technology for their enterprise integration solutions. Through Safe Software's international partner network, FME is used in 120+ countries around the world and has been localized into multiple languages.
About JMI Equity
JMI Equity is a growth equity firm focused on investing in leading software companies. For over three decades, JMI has partnered with exceptional founders, entrepreneurs, and management teams at high-growth software companies to provide flexible capital, industry expertise, and operational support to build businesses of enduring value. To date, JMI has invested in over 180 software businesses in North America and Europe and completed over 115 exits. Today, the Firm's portfolio of industry-leading cloud software companies represents $8 billion in combined revenue, $65 billion in aggregate enterprise value, and over 34,000 jobs.
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