P&H Solutions was a pioneer in the development of Web-based cash management solutions. Boston Millennia Partners initially invested $5.1 million as the lead investor in the company’s first round of venture capital investment in February, 2000. In total, Millennia invested $8.9 million in P&H for a 38% ownership interest in the company. The company emerged as the leading private company in this sector, selling its software as a service (SAS) solution to large financial institutions. At the time of exit, the company was sold at a multiple of 4.4X revenues. The company was sold to ACI Worldwide (Nasdaq GS: ACWI) in 2006 for $156 million. At the time of exit, the company’s customer list had grown to over 100 companies, including 12 of the world’s top 25 banks. We realized a 6.1X return on Millennia’s $8.0 million investment.
Location: Vietnam
Investors 1
| Date | Name | Website |
| - | Boston Mil... | bostonmill... |
Mentions in press and media 2
| Date | Title | Description |
| 29.03.2023 | PH salary-on-demand startup Advance raises $16m, acquires Vietnam's BravoHR | Advance, a Philippines-based fintech startup that operates a salary-on-demand platform, has announced raising a total of $16 million in its pre-Series A funding round co-anchored by Vietnam’s Do Ventures and emerging market credit provider ... |
| 02.03.2023 | PH startup Enstack scores $3m funding to digitalise SMEs | Enstack, a Philippines-based startup that provides end-to-end app to SMEs, has announced raising $3 million in its Series A funding round anchored by Skype investor Mangrove Capital Partners, per an announcement. The investment marks Mangro... |