It has just been announced this past April that HGGC, a big player in the private equity sector, has engaged in an investment of a strategic nature with the remote management and data storage firm American Megatrends International. The firm is a global leader in its field and provides companies with a unique range of solutions for the operating systems Android and Linux. The company was initially founded back in 1985 and has it’s home offices based out of the Georgia municipality of Norcross. American Megatrends currently has operations in eight of the world’s countries and has developed a stellar reputation as the preeminent provider of firmware solutions globally. The impressive capabilities that American Megatrends has developed over its history have allowed the company to build up a series of valuable relationships with other leading firms in the tech and computing sectors.
Adding HGGC as a strategic investor is a major win for the team at American Megatrends and a major win for the team at HGGC. American Megatrends President Subramonian Shankar has noted how happy his entire team is to have this important investment coming in from a firm as respected in the private equity sector as HGGC. Over the course of its history, HGGC has developed an impressive reputation for being able to help companies in the tech sector to grow. The shared vision between these two companies will also go a long way toward cultivating success in the endeavour.
The distinguished history of HGGC goes back to 2007 when the firm was initially established in the San Francisco Bay region. The company has established an impressive record for helping companies to grow their businesses and is notable for taking an active interest in assisting with the management of its portfolio firms. The last couple of years have seen an impressive amount of activity out of the firm and this has led to a further bolstering of an already impressive executive leadership team. This has been accomplished by in house promotions of deserving individuals as well as the bringing in of a number of new members to the team with impressive backgrounds in the world of private equity.