• Sector: Technology, Media & Telecommunications, Technology, Media & Telecommunications
  • Geography: United States
  • Stage: Growth
  • Investment Year: 2012
  • Exit Year: 2019
  • Website Link


In 2012, Warburg Pincus invested in Liaison International, the leading provider of SaaS-based application software and related technology solutions for admissions offices in higher education. Liaison’s core offering is the Centralized Application Service (CAS), which allows groups of affiliated schools to offer a unified application experience through a centralized portal, streamlining the application process for both prospective students as well as admissions officers. Liaison’s accompanying product suite – including CRM, marketing technology and tools, admissions workflow software, and data & analytics – helps schools and professional associations efficiently manage the admissions process and gain valuable data insights. Warburg Pincus partnered with Liaison to help expand the Company’s presence into new disciplines within the graduate education and undergraduate markets, and also worked closely with the management team to broaden Liaison’s suite of software tools and services to complement the core CAS offering through new product investments and completing two strategic acquisitions. This investment was in Partnership with the CEO and Founder, and Warburg helped the founder add to the key management team over the course of a seven year partnership. Warburg Pincus exited Liaison in 2019.

Website Case Studies Disclaimer

The investments described in the case studies are provided for illustrative purposes only and are not, and do not purport to be, representative of all investments, or all types of investments, previously made by Warburg Pincus, or indicative of the performance of all prior Warburg Pincus investments. The case studies have been selected on the basis of objective criteria that Warburg Pincus believes are representative of the firm’s experience partnering with portfolio company management teams, and of the sectors, stages, strategies and/or geographies in which the firm invests. The information provided in the case studies are not necessarily an indication of future results, and may not be relied up for any purpose. Warburg Pincus’ current or future portfolio companies may differ materially in size, type, performance and other characteristics from the investments presented in the case studies. Further, references in this case study should not be construed as a recommendation or offer to buy or sell any particular security or to make any particular investment.