Sageview Capital invests in automotive software company DMT
Canadian software company DMT Development Systems Group Inc (DMT) has raised a growth equity financing round led by Sageview Capital, a U.S. private equity firm. No financial terms were released. The deal, which gave Sageview a minority stake in the company, saw Partners Scott Stuart and Jeff Klemens take seats on the board. Founded in 1996, Winnipeg-based DMT is a developer of software that helps improve lead generation and management, information flow, and customer relations for auto manufacturers and dealers. It said the fund raised will be used to expand its product suite, hire new R&D personnel, and continue global growth.
21 February 2017•3 mins read
