Toronto’s Intelex, a leading provider in Environmental, Health, Safety (EHS) and Quality management software solutions, today announced that it has secured $160 million in funding led by JMI Equity. HarbourVest, a leading private markets investment firm, also participated in the round.
This sizable financing round comes on the heels of 10+ years of continuous growth by the software firm who employs over 350 staff in its Toronto office and boasts a premier list of clients, many of whom are household names.
“This investment will help us accelerate some of our current initiatives and ensure we continue on our growth path,” said President and CEO Mark Jaine of Intelex.
“We are exceptionally proud to have partnered with JMI and HarbourVest in this effort and have the right team in place to further establish our market leading position.”
RELATED: Intelex is hiring in Toronto
Founded in 1992, Intelex’s solutions enable organizations to streamline processes that keep employees safe, reduce environmental impacts and improve the quality of their products and services. These increased efficiencies improve business performance, mitigate organization-wide risk and ensure sustained compliance with regulatory requirements for over 1,000 companies using Intelex’s software.
Intelex’s blue chip customer base of over 1,000 companies comes in all sizes and across a variety of industries, including food & beverage, healthcare, oil & gas and automotive, to name a few.