Press release

Harris Williams Advises Cority on its Pending New Growth Investment with Thoma Bravo as Majority Investor

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, a global investment bank specializing in M&A advisory
services, announces that it is advising Cority on its pending new growth
investment with Thoma Bravo, LLC (Thoma Bravo) as majority investor.
Previous majority investor Norwest Venture Partners (NVP) will continue
to retain a significant stake in the business and will re-invest over
half of its proceeds. Cority is an industry leading environmental,
health, safety and quality (EHSQ) software provider offering a unified,
true SaaS platform for global, enterprise clients. The transaction, led
by Mike
, Erik
, Brian
and Gunnar Shaw of Harris Williams’ Technology,
Media & Telecom (TMT) Group
, extends the firm’s track record in
the software sector.

“Cority’s multi-tenant, true SaaS platform and award winning solutions
spanning all aspects of EHSQ provide immense value to its enterprise
clients,” said Mike Wilkins, a managing director at Harris Williams.
“The new growth investment from Thoma Bravo will help Cority to greatly
deepen and broaden its solutions. We are excited about the opportunity
ahead for the business.”

“Under the leadership of CEO Mark Wallace and with the backing of NVP,
Cority has become a clear market leader within the EHSQ software
market,” added Erik Szyndlar, a director at Harris Williams. “We are
proud to have worked with an exceptional management team on this
transaction and are excited to see Cority continue to grow and innovate
to drive additional value to its customer base.”

Cority is a highly trusted EHSQ software for assuring client success.
Cority enables organizations to utilize EHSQ software to advance their
journey to sustainability and operational excellence by combining deep
domain expertise with a comprehensive and secure true SaaS platform.
With more than 30 years of innovation and experience, Cority’s team of
over 350 experts serve over 800 clients in 100 countries, supporting 2.5
million end users.

NVP is a premier multi-stage investment firm managing more than $7.5
billion in capital. Since its inception, the firm has invested in more
than 600 companies and partnered with over 140 active companies across
its venture and growth equity portfolio. The firm invests in early to
late stage companies across a wide range of sectors with a focus on
consumer, enterprise and healthcare. NVP offers a deep network of
connections, operating experience and a wide range of impactful services
to help CEOs and founders scale their businesses.

Thoma Bravo is a leading private equity firm focused on the software and
technology-enabled services sectors. With a series of funds representing
more than $30 billion in capital commitments, Thoma Bravo partners with
a company’s management team to implement operating best practices,
invest in growth initiatives and make accretive acquisitions intended to
accelerate revenue and earnings, with the goal of increasing the value
of the business. Representative past and present portfolio companies
include industry leaders such as ABC Financial, Blue Coat Systems,
Deltek, Digital Insight, Frontline Education, Global Healthcare
Exchange, Hyland Software, Imprivata, iPipeline, PowerPlan, Qlik,
Riskonnect, PEC, SailPoint, SolarWinds, Sparta Systems, TravelClick and
Veracode. The firm has offices in San Francisco and Chicago.

, an investment bank specializing in M&A advisory services,
advocates for sellers and buyers of companies worldwide through critical
milestones and provides thoughtful advice during the lives of their
businesses. By collaborating as one firm across Industry Groups and
geographies, the firm helps its clients achieve outcomes that support
their objectives and strategically create value. Harris Williams is
committed to execution excellence and to building enduring, valued
relationships that are based on mutual trust. Harris Williams is a
subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

Harris Williams’ TMT Group advises leading private and public companies,
entrepreneurs, private equity firms and venture capital firms on mergers
and acquisitions and capital-raising transactions worldwide. The TMT
Group has deep domain expertise in the Software/SaaS and Internet &
Digital Media segments, with particular emphasis on specific verticals
including education technology, data analytics, energy technology,
fintech, public sector, and supply chain/logistics—with a dedicated
healthcare technology (HCIT) practice. Across verticals, the firm also
advises technology services and networking solutions businesses. For
more information on the TMT Group and its recent transactions, visit the TMT
section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA
and SIPC. Harris Williams & Co. Ltd is a private limited company
incorporated under English law with its registered office at 5th Floor,
6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar
of Companies for England and Wales (registration number 07078852).
Harris Williams & Co. Ltd is authorized and regulated by the Financial
Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH
is registered in the commercial register of the local court of Frankfurt
am Main, Germany, under HRB 107540. The registered address is
Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email
Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No.
awaited). Harris Williams is a trade name under which Harris Williams
LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate
Finance Advisors GmbH conduct business.

For media inquiries, please contact Katie Langemeier, associate brand
manager, at +1 (804) 915-0179.