Private equity investment firm H.I.G. Capital announced the strategic investment of its affiliate in Brazil of LG Sistemas. The latter offers its corporate clients comprehensive software solutions for its human resources departments. It is headquartered in Goiania and has branches in various Brazilian states like Rio de Janeiro, Sao Paulo, and Minas Gerais.

LG Sistemas CEO and Founder Gustavo Teixeira said the investment will foster growth and improve its capacity in research. "H.I.G.'s investment will support our growth and strengthen our R&D investment capability by offering strategic and financial resources. LG Sistemas will continue to focus on providing and broadening its portfolio of software solutions and services always driven by quality and innovation," he said.

Managing Director and Head of H.I.G. Brazil Fernando Marques Oliveira lauded the software company's market positioning as well as its management team. "We are delighted to be partnering with LG Sistemas and we're committed to supporting the Company's mission of improving the performance of its clients' human resources capabilities," he added.