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Warburg Pincus Invests In Procare Software

Warburg Pincus has made an investment in Procare Software, a child care management technology company. The growth investment will fund further growth initiatives at the firm. "Procare Software has built an attractive market leadership position by providing a broad, high-quality product suite that serves the unique and complex demands of more than 30,000 child care centers," said Ashutosh Somani, Managing Director, Warburg Pincus. "This acquisition of the Cirrus Group platform of solutions further bolsters the company's offering and capabilities." Existing investor TA Associates, which originally invested in Procare in 2015, will remain a significant investor in the business. Members of Procare's management team will also retain an...