San Diego-based private equity firm HCAP Partners has invested in Lucernex Inc., a Texas firm that sells cloud-based workplace management systems and lifecycle management systems to support its global expansion.
HCAP Partners, formerly Huntington Capital, puts from $2 million to $9 million into businesses making revenues from $10 million to $75 million. The amount HCAP invested in Lucernex was not disclosed.
Lucernex Inc.’s customers include retailers, restaurants, healthcare providers and financial services firms, according to HCAP Partners.
“We are very excited to work with HCAP Partners as we enter the next stage of our rapid growth,” said Joe Valeri, CEO of Lucernex. “The additional investment will allow us to meet the ever-increasing demand for our cloud-based analytics, market planning, site selection, contract management, project management and facility management solutions.”
Managing partner Tim Bubnack and senior associate Nicolas Lopez led the Lucernex transaction for HCAP Partners.
“We quickly recognized the unique value that Lucernex brings to its customers and the growing demand for its solutions across the globe,” Bubnack said. “The investment will help Lucernex continue to add new customers to its already impressive customer list and continue their award-winning support of existing customers.”
The company has invested in more than 50 companies since its inception in 2000.