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KKR acquires majority stake in analytics software company Burning Glass

KKR & Co. closed its buyout of a majority stake in Boston-based analytics software company Burning Glass Technologies, formally known as Burning Glass International Inc., for an undisclosed sum.

The transaction is the fourth investment made by the private equity firm out of KKR Global Impact Fund. The fund previously invested in Barghest Building Performance Pte. Ltd., Ramky Enviro Engineers Ltd. and KnowBe4 Inc.

Providence Strategic Growth Capital Partners LLC, an affiliate of Providence Equity Partners LLC that invests in lower-middle market software and technology-enabled service businesses, sold the stake in Burning Glass.

The existing executive team, including CEO Matt Sigelman and COO Josh Ticktin, will continue to lead Burning Glass. The company provides real-time labor market data to employers, universities, public agencies, multinational organizations and other clients worldwide.