Editor’s note: This article has been updated to reflect closure of the transaction.
Haveli Investments, a technology-focused investment firm, has acquired a majority stake in Sirion, a contract lifecycle management software provider. Terms of the deal, which formally closed on Feb. 23, were not disclosed.
The Austin-based private equity firm will provide capital and operational support to accelerate product innovation and expand global reach. Sirion provides CLM software to hundreds of enterprises across more than 70 countries and has expanded to 10 offices across the US, Canada, the UK, France, Germany, India, South Africa and Singapore.
“This partnership allows us to accelerate that vision and continue building the platform our customers rely on to run their businesses,” Sirion founder and CEO Ajay Agrawal said in a news release.
