St. Cloud, Minn.-based Netgain received a $25 million strategic investment from Bluff Point Associates, a private equity firm focused on the healthcare IT and the financial services space.
Netgain is a healthcare-focused cloud management services and technology provider. It currently employs 120 people in its offices in Minnesota, Illinois and California. The two-stage investment will allow Netgain to invest in support, sales and marketing to accelerate growth as well as better serve existing clients.
"Bluff Point Associates looks to invest in companies that have strong senior management and technology services with high growth potential," said Kevin Fahey, managing director at Bluff Point Associates. "Netgain meets all of these criteria."