GTCR Announces Agreement to Invest in IQNavigator.CHICAGO -- GTCR GTCR Glacier Travel and Crevasse Rescue Golder Rauner, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (GTCR), one of the nation's leading private equity firms, today announced it has signed a definitive agreement to invest in IQNavigator, the leading provider of services procurement software Procurement software is business software that helps to automate the purchasing function of organizations. Activities including raising and approving purchase orders, selecting and ordering the product or service, receiving and matching the invoice and order, and paying the bill is and managed service programs. Based in Denver, Colorado, IQNavigator's vendor-neutral Managed Service Programs (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ) and robust SaaS services procurement platform enable companies to better source, procure, manage and measure all categories of indirect services. IQNavigator is an industry pioneer and innovator, the first company to build a services procurement platform to support all categories of indirect services on a global basis. With extensive domain expertise and innovative technology solutions, IQNavigator helps its customers efficiently turn complex services spend into a new source of value, competitive advantage and continuous bottom-line improvement. "This is a watershed event for both IQNavigator and our industry, as this investment validates the high potential of the services procurement market segment as well as IQNavigator's leadership position," said John P. Raeder, Jr., President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IQNavigator. "Our market-leading team and software solution are together generating incredible customer benefits and also continually expanding the scope of services procurement." "We are excited to take part in this exceptional investment opportunity," said GTCR Principal Phil Canfield can·field n. Games A form of solitaire. [After Richard Albert Canfield (1855-1914), American gambler.] Noun 1. . "We look forward to working with John and his talented team to contribute to the continued growth of the services procurement leader. This agreement illustrates our investment philosophy of partnering with proven management teams to build companies in attractive industries through both organic growth and pursuit of selected acquisitions." Montgomery & Co. acted as exclusive financial advisor to IQNavigator in connection with the transaction. About GTCR Founded in 1980, GTCR Golder Rauner, LLC is a leading private equity investment firm and long-term strategic partner for outstanding management teams. The Chicago-based firm pioneered the investment strategy of identifying and partnering with exceptional executives to acquire and build companies through a combination of acquisitions and strong internal growth. GTCR currently manages more than $8 billion of equity capital invested in a wide range of companies and industries. More information about GTCR can be found at www.gtcr.com. About IQNavigator IQNavigator is a leading provider of on-demand services procurement software and managed service programs. The company's award-winning suite of integrated applications enable Global 2000 companies such as Charles Schwab Charles Schwab can refer to:
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