NiSoft Management Acquires Company

CEO Doug Deardorf
NiSoft CEO Doug Deardorf

BELFAST, NORTHERN IRELAND, June 2022 – A management buy-out led by Doug Deardorf, CEO of NiSoft, has been completed through the purchase of all shares held by Crescent Capital

The December 2021 transaction consolidates ownership under Deardorf. It represents the culmination of a successful 13-year partnership during which NiSoft grew its topline revenue, increased local and international employment, released new software products and added blue chip customers worldwide.

‘Our investment in NiSoft has proven beneficial for all parties,’ stated Colin Walsh, Crescent’s Managing Director. ‘In addition to fulfilling our Funds’ objectives, the company has advanced in all measures and we are proud to have played a role.’

Deardorf added, ‘I’m grateful for the confidence Crescent Capital placed in NiSoft and the support provided to further our mission of developing and implementing sophisticated, market leading software for energy and other process intensive industries. The company is well-positioned to further expand its presence in the markets it serves.’

US growth and M&A advisors D.A. Green & Associates and corporate finance advisors Beltrae Partners in Belfast provided expert guidance to the parties.

Mills Selig, based in Belfast, provided legal counsel to Deardorf. Legal support for Crescent Capital was provided by Davidson McDonnell of Belfast. 

Corporate banking services were conducted through HSBC Belfast.

About NiSoft

NiSoft is approaching its 30th year providing tailored software solutions to support operations excellence initiatives within power generation facilities, oil refineries, gas terminals, chemical plants, mills and other process intensive industries.

Designed to further plant digitalization, improve plant safety, productivity and compliance through creating and managing Work Permits, Lockout Tagout processes, Risk Assessments, Logbooks and other operations-centric functions electronically, NiSoft’s eclipseSUITE is considered among the most comprehensive, yet flexible systems of its type available. 

NiSoft software is installed in more than 400 sites in over 25 countries.

NiSoft is headquartered in Belfast and has offices in Singapore, Denver and Brisbane.

About Crescent Capital

Since 1995 Crescent Capital has been supporting and building high-grade venture backed companies in Northern Ireland. We back the creative teams, the determined, the passionate and the indefatigable, the independent thinkers. Crescent immerse ourselves in these companies, their product, their customers and their management team. We primarily offer companies funding but crucially we also provide guidance, expertise, experience and exposure to a network of relevant business contacts.

Since 1995, Crescent has invested £47m in 38 different Northern Ireland based companies.

Crescent II first invested in NiSoft in 2008 and Crescent III invested in 2015.