- Onclusive’s acquisition of Digimind follows its purchase of Critical Mention, a US-based media monitoring platform, in May
- It was formed in 2022 after merging Kanatar’s Reputation Intelligence business with Onclusive and PRgloo and rebranding as Onlcusive
- The company is an STG portfolio company
Symphony Technology Group (STG) portfolio company Onclusive bought Digimind on 19 July. Digimind is a Paris-based social media monitoring and competitive intelligence company that operates globally.
London-based Onclusive was formed earlier this year after Kanatar’s Reputation Intelligence business merged with Onclusive Inc and PRgloo and rebranding as Onclusive. It is a global PR and communications partner that offers several services including media monitoring, media analytics and analysis alongside a suite of PR and communications tools.
STG is a US private equity firm that was founded in 2003. It is focused on software, data and analytics mid-market companies.
“Digimind is a strong strategic fit for the Onclusive platform, giving us critical social media insights that provide a complete suite of global media monitoring, measurement, and management solutions to public relations and communications teams,” said JT Treadwell, managing director at STG. “We appreciate Stellus’ continued support of Onclusive’s growth.”
Stellus Capital Management supported the acquisition of Digimind with incremental debt financing and an equity co-investment. Stellus Capital Management was founded in 2012 and was formed in conjunction with the spin-out of the Direct Capital Unit of the DE Shaw group. It has approximately $2.6 billion in assets under management. To date it has deployed approximately $8 billion into more than 300 middle market companies.
“We are excited to continue supporting STG and Onclusive’s investment thesis to build a global leader in media intelligence,” said Adam Pollock, managing director at Stellus. “Integrating Digimind’s technology will provide best-in-class social media listening capabilities to Onclusive’s growing customer base.”