Type | Private Ownership |
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Industry | Private equity |
Founded | 1992 |
Headquarters | Baltimore, Maryland |
Key people | Harry Gruner Charlie Noell Paul Barber Brad Woloson Peter Arrowsmith Bob Smith Chuck Dieveney |
Website | www.jmiequity.com |
JMI Equity is a growth equity firm focused on investing in leading software, internet, business services and healthcare IT companies. JMI provides capital for growth, recapitalizations, acquisitions and buyouts. Founded in 1992, JMI has invested in more than 100 companies throughout North America and Canada and has approximately $2.1 billion of committed capital under management. JMI VII closed in November 2010 with $875 million of committed capital. JMI VI closed in July 2007 with $600 million of committed capital.[1] Representative investments include Intergraph,[2] DoubleClick,[3] Kronos[4] and Undertone Networks.[5]
JMI is based in Baltimore, Maryland, with additional offices in San Diego, California, and has 30 investment professionals. JMI is a member of the NVCA,[6] MAVA[7] and CVCA.[8]
In 1992, JMI was founded by Charles Noell and Harry Gruner with initial limited partner funding provided by John Moores, the founder and former Chairman and CEO of BMC Software. Prior to 1992, Charlie and Harry managed some of the largest and highest-profile information technology mergers, acquisitions and IPOs of the 1980s and early 1990s including Microsoft and Oracle while at Alex. Brown & Sons, Inc. While John Moores and JMI’s General Partners continue to be significant investors, JMI has expanded its investor base to include leading pension funds, financial institutions, endowments, family offices and other investors.
The companies listed below represent both current and past investments.
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