Capitala Group Reports Successful Exit Of 3 Investments: Xirgo Technologies, CIS Secure Computing, PEOPLEASE

Author: Benzinga Newsdesk | May 19, 2021 08:39am

Capitala Group (“Capitala”), a provider of capital to lower middle market companies, announced today that it has successfully exited three of its investments: Xirgo Technologies, CIS Secure Computing, and PEOPLEASE.

Xirgo Technologies: Headquartered in Camarillo, CA, Xirgo Technologies is a provider of customized IoT solutions for various industry verticals, including insurance telematics, fleet management, asset tracking, monitoring & control, transportation logistics & mobility. Capitala invested in Xirgo Technologies in December 2016 alongside Indianapolis-based private equity firm HKW.

CIS Secure Computing: Based out of Dulles, VA, CIS Secure Computing (CIS) is a provider of secure and customized communications technologies that help prevent data leaks/tracking, eavesdropping, and hacking. CIS provides both hardware and software solutions to the intelligence and law enforcement communities within its various government and commercial security-conscious customer base. Capitala invested in CIS in September 2017 and exited through the sale of the company.

PEOPLEASE: PEOPLEASE is a full-service professional employer organization headquartered in Mount Pleasant, SC. Small-to-medium-sized businesses, rapid-growth companies, and established enterprise operations alike benefit from PEOPLEASE ’s large employee base with customized yet cost-effective solutions for payroll, human resources, benefits, tax and finance administration, safety, and risk management. Capitala invested in PEOPLEASE in August 2020 alongside AVC Partners and completed the exit by virtue of the sale of the company.

Capitala actively seeks to make meaningful equity and credit investments in smaller yet growing businesses with strong management teams in the U.S.

Posted In: CPTA