For Immediate Release
Palmer Public Inc.
Tiugo Technologies Expands Portfolio of Developer Platforms with ButterCMS Acquisition
Investment advances Tiugo’s efforts to deliver a suite of content creation and collaboration tools that empower software developers to accelerate innovation
Boston, Mass. – [Dec 14, 2022] – (Tiugo), a PSG portfolio company offering a collection of market-leading API-first developer platforms in the content creation and digital collaboration markets, announced the acquisition of ButterCMS (Butter), a provider of headless CMS software tools and solutions for developers. Financial terms of the deal were not disclosed.
“We’re thrilled to welcome Butter to the Tiugo organization,” said Mark Hatton, PSG Senior Advisor and CEO of Tiugo. “We believe there is a substantial market for tools that help developers accelerate digital innovation. Our goal is for Tiugo to cultivate a suite of market-leading developer platforms focused on content creation and digital collaboration to help them scale successfully and effectively. Butter delivers enterprise-grade headless CMS capabilities to our launchpad, and we’re looking forward to expanding our offerings through future impactful acquisitions.”
Today’s announcement marks Tiugo’s second investment adding to their expanding family of brands. Tiugo believes the investment opportunity is underscored by significant market demand for tools to support content creation and collaboration.
Headquartered in Detroit, Mich., Butter is a provider of headless, API-first content management solutions for digitally native enterprises, mid-market companies and SMBs. Founded in 2017, Butter’s platform allows customers to easily draft, manage, review and publish dynamic marketing content to websites and online apps. Butter’s features include flexible content modeling, real-time content updates, media libraries, multi-site and environment management, collaboration functionality and a core suite of developer tools.
“As the digital revolution accelerates, ensuring companies have easy, efficient ways to publish and manage digital content across websites, apps and digital experiences is mission-critical,” said Jake Lumetta, CEO of ButterCMS. “With this in mind, we’ve developed our product ecosystem to help address these specific needs, and through our continued product innovation, we’re committed to providing our diverse, digital-forward customer base with the solutions they require. We’re eager to continue to serve our customers in even more powerful ways in collaboration with Tiugo and with the support of PSG.”
Tiugo Technologies is a PSG portfolio company that leverages PSG’s extensive investment and operating experience to build a company of leading developer platform brands. Additional acquisitions bolstering Tiugo’s roster of brands and commitment to the software developer market are expected in 2023.
“We’re excited to support Tiugo as it continues to broaden its capabilities through acquisitions of companies like Butter with an aim to deliver a comprehensive set of platforms for the software developer community,” added Marco Ferrari, Managing Director at PSG.
For more information on Tiugo, visit TiugoTech.com. To learn about Butter’s offerings, visit ButterCMS.com. For more information about PSG, visit PSGEquity.com.
About Tiugo Technologies
Tiugo Technologies is assembling a portfolio of API-first, market-leading developer platforms focused on content creation and digital collaboration to help them accelerate growth, increase operating efficiency and fund add-on acquisitions. Our family of companies work together with an aim to succeed in the competitive developer platform market. Tiugo companies collaborate to offer holistic, differentiated solutions that grow faster, operate more efficiently and create more value together than they can alone. Tiugo is headquartered in Boston. To learn more about Tiugo, visit www.tiugotech.com.
Founded in 2017, ButterCMS is a leading provider of headless CMS solutions for digitally native enterprises and SMBs. Its portfolio includes hundreds of world-recognized brands. ButterCMS makes it simple and easy to draft, manage, review and publish dynamic marketing content to websites, online apps and digital experiences. To learn more about ButterCMS, visit www.buttercms.com
PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 115 companies and facilitated over 420 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid and Tel-Aviv. To learn more about PSG, visit www.psgequity.com.