Houlihan Lokey Advises Igloo Software

Houlihan Lokey is pleased to announce that Igloo Software (Igloo), has received a growth equity investment of US$47 million (C$60 million) from Frontier Capital. The transaction closed on December 21, 2017.

Igloo is a leading provider of digital workplace solutions, helping companies build inspiring digital destinations for a more productive and engaged workforce. Offering a suite of modern features and solutions for today’s evolving workplace, Igloo partners with customers to address challenges related to communication, collaboration, knowledge management, employee engagement, and culture.

The investment will aid in building Igloo’s sales and marketing operations, expanding distribution channels, strengthening its global partnership with Microsoft, and further accelerating the company’s footprint in the North American market.

"Igloo's growth over the last several years, in combination with our partnership with Frontier Capital, is a testament to our innovative approach to solving real-world digital workplace challenges," said Dan Latendre, Founder and CEO of Igloo. "Frontier's deep expertise in driving growth and creating enterprise value for software-as-a-service companies in the human capital management sector make it a natural fit for Igloo. We look forward to working with Frontier as we continue to disrupt the market and help businesses improve productivity and competitive advantage throughout their digital transformation journeys."

"As the next generation of employees redefines both the physical and digital workplace, we see a rapidly expanding market for innovative solutions that enable an organization to better engage its workforce by fostering collaboration and connecting employees with the right information at the right time," said Andrew Lindner, Co-Founder and Managing Partner at Frontier Capital, who will join Igloo's board.