Gallant Capital Partners has acquired a business-to-businesses sales software company for an undisclosed amount.
Gallant Capital, a Century City-based private equity firm focused on the tech sector and enterprise business services, acquired Altify from Texas-based Upland Software in mid-March. Altify, a sales tech platform that allows revenue teams that use Salesforce to plan out accounts, uses artificial intelligence to glean insights into potential buyers and find other opportunities to grow revenue.
“Altify’s account planning AI platform is clearly differentiated and essential to its blue-chip customer base,” Chris Suen, managing director at Gallant Capital, said in a statement. “We see significant opportunity to invest back into the business to further expand the platform’s capabilities to even better serve its customers.”
Multiple acquisitions this year
The deal marks Gallant Capital’s third acquisition in the past year. In February it acquired Navient Corp., a tech service geared towards federal and local governments that focuses on tolling and parking technology, call center support and payment processing. In May 2024, it acquired Fime and the UL Solutions’ payments testing enterprise.
In a statement, Gallant Capital Partner Anthony Guagliano said the acquisition “highlights Gallant’s steadfast commitment to being a trusted partner to corporate sellers and management teams. We are confident that Altify will thrive as a standalone business under our ownership.”
Patrick Morrissey, the former COO of HireVue, was appointed as the chief executive of Altify when the news was announced.
“Partnering with Gallant will fuel our growth and help us deliver impact to our customers,” Morrissey said. “Gallant’s collaborative approach, deep operational experience, and capital to fuel investment in our software platform will allow us to better serve our customers’ evolving needs.”
Gallant Capital has about a dozen companies in its portfolio. The company provides equity investments ranging from $15 million to $200 million. The private equity firm has two exits under its belt: Stockton-based Aero Turbine Inc. exited in 2024 when Gallant Capital sold it to StandardAero, and software-as-a-service platform Reveal Data Corporation exited in 2021.
