JMI Equity leads $160 mln funding of software provider Intelex

Intelex Technologies Inc, a Canadian provider of environmental, health, safety and quality management software, has secured $160 million in funding. The round was led by U.S. growth equity firm JMI Equity and was joined by HarbourVest Partners. With more than 1,000 clients, Intelex's solutions help businesses improve performance, mitigate risk, and ensure compliance with international standards. The round's proceeds will be used to support the Toronto-based company's continued growth. As part of the deal, JMI's David Greenberg, Harry Gruner and Bert Winemiller will join Intelex's board of directors, as will HarbourVest's Rob Wadsworth.

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