Sigma Systems takes new investment from VC firm
Birch Hill Equity Partners has made a significant investment in Sigma Systems in support of the vendor’s continued growth plans. In connection with the transaction, Sigma president and CEO, Tim Spencer, and the existing Sigma management team will form a new partnership with Birch Hill.
Sigma has been pursuing an aggressive growth plan over the last several years. Having chosen Birch Hill, this strategic investment will help Sigma accelerate the delivery of advanced solutions enabling customers to enjoy the increased time to value and business agility associated with true omni-channel product creation, selling and fulfilment solutions for digital services.
Sigma Systems products manage hundreds of millions of subscriber services and US$150bn of products at over 75 communication service providers in 40 countries around the globe. The company’s product portfolio spans the order to delivery process of digital service providers, including product and service catalogue, product lifecycle management (PLM), configure price quote (CPQ), order management, service provisioning, service inventory, cloud brokerage and device management – all of which can be deployed in the cloud or on-premise.
“This investment by Birch Hill marks a significant corporate milestone for Sigma,” said Andy Jasuja, co-founder and chairman at Sigma Systems. “It is a recognition of the tremendous success Sigma has enjoyed in the industry.”
This year Sigma was recognized as one of Canada’s and the United Kingdom’s top employers and has received numerous awards for its innovations and corporate culture. The investment will allow Sigma to continue its aggressive growth plan, including acquisitions, development of new product lines, and expansion into new industries and customer segments.
“Sigma’s strength is in the deep industry knowledge of our people and its firm commitment to product innovation that our customers have come to expect from us,” said Spencer. “With Birch Hill we get a partner that shares that vision and has a strong track record of accelerating the growth of global technology companies.”
Michael Mazan, a partner at Birch Hill added: “Sigma Systems is one of the leading brands in the communications software market. They have a strong management team coupled with talented and experienced people. We look forward to working with Tim and his team to execute their ambitious growth plan in this dynamic industry vertical.”