LONDON & BOSTON – ( BUSINESS WIRE ) – Artlogic, a leader in software solutions for art galleries, collectors and artists, announces that it has received a strategic investment from Cove Hill Partners, to support the company during its next phase of growth.
Cove Hill’s investment supports Artlogic in its solid growth trajectory and leadership in the professional arts software segment. Cove Hill’s financial commitment will support innovation and product development, helping Artlogic build a modern database, consolidate customer relationships, and deploy website products for art companies around the world.
In addition, Artlogic will represent the first company in Cove Hill’s software holding company, Hive Global, recently formed by Cove Hill to scale, support and invest in modern software leaders.
“The Artlogic platform has become an indispensable part of galleries, artists and collectors for the day-to-day management of their operations, thus stimulating marketing efforts and accelerating sales. We are a driving force enabling actors in the arts to prosper in a world of increasingly digital, with a differentiated product line providing customers with a competitive advantage, ”said Joe Elliott, Sales Manager and Tom Brickman, Creative Manager. “We have enabled art companies around the world to bring all aspects of their business together through our commitment to integration, allowing our clients to focus on what matters most: promotion and promotion. sale of art. “
“We are delighted to have found in Cove Hill an investment partner who shares our vision and supports our culture and values. His capital, knowledge and experience in scaling up technology companies will help us be much more ambitious and to respond better than ever to the expectations of our customers “, state Peter Chater and David Hooper, founders of Artlogic.
“Cove Hill should collaborate with Artlogic’s management team for the next phase of growth. Artlogic’s pioneering software provides all the key features that galleries, collectors and artists need to run their businesses with a solution These capabilities increase efficiency, improve sales and marketing, and simplify database management, ”said David Jackson, co-founder and CEO of Cove Hill. “We believe that our investment will allow Artlogic to remain at the forefront of innovation for its customers, while generating sustainable and sustained growth.”
KPMG and Mishcon de Reya advised Artlogic. Choate, Hall & Stewart, Gowling WLG, and PricewaterhouseCoopers represented Cove Hill Partners and Hive Global.
About Artlogic
Created in 1999, Artlogic offers business management software for art galleries, collectors and artists in more than 80 countries. Its comprehensive cloud platform gives art professionals a panoramic view of their activities to save time and focus on their work.
About Hive Global
Hive Global is a software holding company formed by Cove Hill Partners in 2021 to invest in software leaders globally.
About Cove Hill Partners
Cove Hill Partners is a long-term oriented investment firm specializing in partnering with exceptional management teams to create leading consumer technologies and businesses. The company manages long-term funds with more than $ 2.5 billion in commitments from its investors and founders. The company was created in 2017 by private equity investors to invest their personal capital, alongside a small group of like-minded investors. Boston-based Cove Hill has an innovative structure that provides the flexibility for a patient, focused and value-creating approach within a small portfolio of long-term investments.
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