RIO DE JANEIRO–(BUSINESS WIRE)–H.I.G. Capital, a leading global private equity and alternative asset investment firm with over $20 billion of equity capital under management, is pleased to announce that its portfolio company, LG Lugar de Gente, a leading human resources software provider in Brazil, has acquired E-Guru Serviços em Tecnologia Educacional, a leading provider of Human Capital Management solutions to further strengthen its position as the only HR focused software company in Brazil offering a complete set of HCM solutions to its clients. Since H.I.G.’s investment, LG has completed two add-on acquisitions, including acquiring W3 last year.

Founded in 2001 and headquartered in São Paulo, E-Guru is a leading developer of cloud-based solution for employee recruiting and training such as learning games, e-learning, LMS platform, among others. The Company is the pioneer and leader in the development of assessment games in Brazil, which “collect” information about the player’s decision-making process enabling profile mapping and identification of areas to be further developed by the employee, allowing for better resource allocation in employee training and retention efforts as well as more effective employee recruiting.

Felipe Azevedo, founder of E-Guru, will serve as HCM director of LG and will lead the Company’s growth and integration efforts.

Fernando Marques Oliveira, Head of H.I.G. Brasil and H.I.G. Latin America, commented “With this acquisition, LG will further expand its software platform and be able to offer a complete solution not only for the core HR market (payroll, benefits, etc) but also for the strategic part of HR (recruiting, talent management, HR analytics, etc), becoming a one-stop-shop for tech-related HR solutions in Brazil. E-Guru has a very complementary offering to LG’s application suite, and has a high commitment to product quality and client service. We are confident the two companies will benefit greatly from working together”.

About E-Guru

Founded by Felipe Azevedo in 2001 and headquartered in São Paulo, E-Guru is a leading developer of cloud-based solution for employee recruiting and training. E-Guru is also the pioneer and leader in the development of assessment games in Brazil. For further information, please visit www.eguru.com.br.

About LG Lugar de Gente

Founded in 1985, LG provides products and services that support human resources departments of over 350 companies in different industries across Brazil. The Company’s payroll solution is primarily targeted at large corporations with over 5,000 employees. For more information, visit www.lg.com.br.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative asset investment firm with over $20 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogota and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach.