Haveli Investments Acquires Certinia

Haveli Investments, L.P., a technology-focused private equity firm, has entered into a definitive agreement to acquire Certinia, formerly FinancialForce, from Advent International and Technology Crossover Ventures.

Certinia’s services as a business platform include professional services automation (PSA), customer success, services CPQ, ERP and FP&A solutions. Haveli will fund the transaction from Haveli Investments Software Fund I L.P., with participation from partners including General Atlantic, a global growth equity firm. Salesforce will continue as a shareholder in Certinia.

Certinia’s PSA software powers and connects all aspects of professional services operations, from services estimation and delivery to customer success management and financial planning and accounting. Its suite of offerings, including ERP and customer success solutions, offers a system of record for people-centric services engagements.

The company delivers a services-as-a-business platform and has transformed services delivery for 1,400 customers in more than 30 countries.

The transaction is subject to customary closing conditions and is expected to close in August.

Ropes & Gray LLP and Morgan Stanley served as legal and financial advisers to Haveli.