Private equity investment firm H.I.G. Capital announced that its affiliate, along with Split Rock Partners, has closed the acquisition of HelpSystems.

Eden Prairie, MN-based HelpSystems is a provider of system & network management, business intelligence, and security and compliance solutions.

Fraser Preston, managing director at H.I.G., commented, “We are excited to begin our journey with Chris Heim, Dan Mayleben, and the rest of the HelpSystems team. There is immense opportunity ahead for the company as it continues to solve important problems and capitalize on the immense growth opportunities in the IT automation, security, and business intelligence markets.”

Chris Heim, HelpSystems’ CEO, said, “HelpSystems and H.I.G. have common philosophies about customer focus, taking care of employees and product innovation. We look forward to partnering with H.I.G. and Split Rock in the next chapter for HelpSystems.”

Evercore acted as lead financial advisor to H.I.G. Credit Suisse was also a financial advisor to H.I.G.