“We are excited to formally begin our partnership with the Bregal Sagemount team, whom we have had the pleasure of knowing for several years,” said Robert Goldstein, Co-Founder and Chief Executive Officer of Single Digits. “The new investment will allow Single Digits to invest in new product enhancements to stay ahead of our clients’ needs and continue to be the provider and acquirer of choice in the HSIA space.”
The investment in Single Digits builds on Sagemount’s track record of successful transactions in the software, data infrastructure, and managed services spaces. Single Digits’ solutions allow public venues, such as hotels, arenas, malls, and transportation hubs, to provide secure, high reliability, fast broadband access to their guests and customers. The company’s core software solution, the Broadband Authentication Platform (“BAP”), empowers each client to tailor their HSIA offering to their unique needs. The BAP is complemented by a full suite of offerings, including IP network design and deployment, real time proactive network monitoring, 24×7 live customer support, and network optimization/network access control technology.
“High quality, hassle-free data connectivity is critical to the customer experience for hotels and other public venues,” said Daniel Kim, Founding Partner of Bregal Sagemount. “Single Digits has built a reputation in the industry as the trusted holistic HSIA/WiFi solution provider. The Single Digits team is world class and is poised to build on its established market leadership position organically and through acquisitions.”
“It is an exciting time for the Single Digits family,” said Stephen A. Singlar, Co-Founder and President of Single Digits. “We are thrilled to partner with the Sagemount team, who like us, believes in investing in continued product innovation and in enhancing our strong client service capabilities. We look forward to partnering with Bregal and benefiting from their valuable operational insights and financial expertise.”
Bregal Sagemount’s involvement will be led by Daniel Kim, Pavan Tripathi, and Kirk Smith. Cook, Little, Rosenblatt & Manson p.l.l.c. provided legal counsel to Single Digits. Goodwin Procter LLP represented Bregal Sagemount.
About Single Digits
Single Digits, Inc. is a leading global provider of High Speed Internet Access (HSIA) management and support solutions, guest management software and technical support services. We offer a complete guest HSIA solution, led by the pioneering Business Access Portal software and also includes components of IP network design, engineering, professional services, ongoing maintenance, networking monitoring, multi-lingual support, revenue reporting and authentication tracking. Our sound business fundamentals — on which the company was created — have led to exceptional growth, profitability and recognition by Inc. Magazine as one of the 500 fastest-growing companies in the United States for multiple years. For more information, please visit www.singledigits.com.
About Bregal Sagemount
Bregal Sagemount is a growth-focused private capital firm with $1.7 billion in committed capital. Founded in 2012, the firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 million to $150 million per transaction into both control and non-control positions, and will make equity and/or junior debt investments. Targeted sectors include software, digital infrastructure, healthcare IT services, business and consumer services, and financial technology/specialty finance. For more information, please visit www.sagemount.com.