M-Files Corporation, a Plano, TX-based company which specializes in knowledge work automation, announced it has entered into a definitive agreement for a majority recapitalization investment led by Haveli Investments, an Austin, TX based technology-focused private equity firm, and Bregal Milestone, a European software private equity firm.
The amount of the deal was not disclosed.
This transaction is expected to close in Q4 2024.
Led by Founder and CEO Antti Nivala, M-Files provides a knowledge work automation platform that leverages generative artificial intelligence (GenAI) and automation to boost the performance of knowledge workers. It automates the entire process, from document creation and management to workflow automation, external collaboration, enterprise search, security, compliance, and audit trails.
Founder & CEO Antti Nivala continues as a significant minority shareholder together with the company’s leadership team and employees.
FinSMEs
13/08/2024
