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H.I.G. Capital acquires Arlington-based Symplicity Corp.

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An affiliate of Miami-based H.I.G. Capital has acquired Arlington-based software developer Symplicity Corp.

Founded in 1997, Symplicity sells software to more than 1,200 colleges and graduate school programs.

In addition, more than 400,000 employers utilize the company’s on-campus recruiting software to recruit students and alumni for entry-level jobs.

H.I.G. Capital is a private equity investment firm with more than $20 billion of capital under management.

“H.I.G. is committed to investing in our business and helping us build on our world-class suite of student lifecycle solutions,” Bill Gerety, Symplicity’s president and CEO, said in a statement.

Raymond James & Associates served as the exclusive financial advisor to the company.

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