Empyrean Solutions Secures Investment from Hg
Empyrean Solutions, a Woburn, MA-based provider of risk and performance management software for financial institutions, has secured a strategic investment.
The investment comes from Hg, a prominent investor in European and North American software businesses. With $70 billion in funds under management and a portfolio of 50 businesses valued at over $160 billion, Hg drives growth through deep market expertise and operational resources.
Existing shareholders, including TechVenture Investors and Spectrum Equity, will remain invested, with Spectrum also participating in the new transaction.
The funding will enable Empyrean to enhance its product offerings for financial institutions’ CFOs and expand sales and marketing efforts to meet growing demand.
Founded in 2008, Empyrean Solutions provides risk and performance management software tailored to financial institutions, such as banks and credit unions. Its software empowers institutions of all sizes to manage balance sheet risk, scenario planning, and performance analysis through a single integrated platform. Empyrean supports banks and credit unions ranging from $50 million to over $200 billion in assets with deployed software and outsourced services.
Funding Details
Company: Empyrean Solutions, LLC
Raised: Undisclosed
Round: Unknown
Funding Date: November 2024
Lead Investor: Hg
Additional Investors: TechVenture Investors, Spectrum Equity
Company Website: https://empyreansolutions.com/
Software Category: Risk and Performance Management