Decision Lens gets new private equity investor

Decision Lens, a maker of software for government agencies to manage and allocate funds from programs, has received an investment from a private equity firm focused on lower middle-market tech companies.

Founded in 2005, Decision Lens touts a user base of agencies at all levels of government that use the core product to set priorities and lay out plans. Terms of the transaction announced July 22 were not disclosed.

The investor at the center of this is Diversis, which opened for business in 2013 and touts having raised at least $1 billion in institutional capital for its various fund vehicles.

A substantial portion of Decision Lens' government activity takes place via its network of partners that include technology integrators and resellers. Decision Lens also works with consulting firms that take on implementation efforts across government.

“We believe the public sector is at an inflection point in its modernization efforts and this investment allows Decision Lens to accelerate product development and expansion for growth to meet this need," Decision Lens' co-founder and chief executive John Saaty said in a release.

The company's user base among defense agencies includes the Air Force, Army, Navy and Space Force. Civilian and intelligence agencies also lean on the Decision Lens software to manage their resources and make decisions from data.

KippsDeSanto & Co. worked as the financial adviser for Decision Lens, whose legal counsel was Cooley LLP.