Unanet, a portfolio company of JMI Equity, has received a strategic investment from Onex Corporation
Unanet
Unanet, based in Sterling, Virginia and backed by JMI Equity, is a best-in-class developer of enterprise resource planning and customer relationship management software for government contracting, construction, architecture and engineering industries. Unanet’s solutions drive bottom-line growth by allowing customers to connect their projects, people and financials with greater efficiency and improved decision-making.
The Deal
Unanet received a new round of strategic financing from Onex Corporation, joining existing investor JMI Equity. Through this investment, Unanet will accelerate its product innovation, go-to-market strategies and plans for continued growth while reaffirming its commitment to investing in technology to better serve its customers. Additionally, three new members will join the board and collaborate with the Unanet executive team to drive growth and position the company for continued long-term success.
Our Perspective
Griffin Bealle, Managing Director in Lincoln’s Technology, Media & Telecom (TMT) Group, commented, “This strategic investment demonstrates the interest in Software-as-a-Service vendors serving the government ecosystem given their resilience in the face of macroeconomic uncertainty.”
Chris Cavanaugh, Managing Director in Lincoln’s TMT Group, added, “I expect to see an increase in strategic investments in dynamic companies, like Unanet, with software that helps facilitate the ongoing digital transformation in some of our most important, yet slow-to-change, economic sectors like construction and government.”
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