Silversmith Capital Partners invests in Digital Map Products

Via PE Hub Network:

Irvine, California-based Digital Map Products, a provider of cloud-based spatial technology and data solutions, has secured $36.3 million in funding. The lead backer was Silversmith Capital Partners.

PRESS RELEASE

(Irvine, CA and Boston, MA – September 15, 2016) Digital Map Products (DMP), a leading, high-growth provider of cloud-based spatial technology and data solutions, has affected a management recapitalization including a $36.3 million investment from lead investor Silversmith Capital Partners, a Boston-based growth equity firm. DMP provides easy-to-use location technology and content solutions that empower businesses, government organizations and consumers to increase productivity and drive better decision-making.