Orlando tech firm raises $70M to expand biz


An Orlando-based software firm is planning to boost sales and product innovation with a big investment by a Boston-based private equity firm.

PlanSource Holdings Inc., a tech firm located inside downtown Orlando’s Church Street Exchange building, announced on Aug. 24 that it received a commitment of $70 million from Boston’s Great Hill Partners. The company plans to use the funds to drive growth in sales and marketing, invest in product innovation, and expand its operating and technology infrastructure.

The investment from Great Hill Partners will also bring on two of the firm’s partners as members of PlanSource’s board of directors.