Bloom Equity Partners: First Half 2026 Update

Building Durable Platforms in a Changing Market 

As we reach the midpoint of 2026, we are pleased to share the progress across Bloom Equity Partners and our portfolio during the first half of the year. The software market continues to undergo one of its most significant periods of repricing in more than a decade, creating both challenges and opportunities for investors and operators. Against this backdrop, our portfolio companies have continued to execute — winning enterprise customers, integrating acquisitions, launching new products, and strengthening the leadership teams. Through changing market conditions, we remain focused on the fundamentals that have always defined our approach: deep operational engagement, vertical specialization, disciplined pricing, and the long-term development of durable market-leading platforms.

Strengthening Our Team

We continued to build the Bloom platform with two key additions in the first half of 2026.

Chris Mindnich, Operating Director, Marketing joins Bloom's Centers of Excellence as a dedicated marketing operating resource supporting companies across the portfolio. Chris brings more than 15 years of experience scaling B2B software and SaaS organizations, with deep expertise across demand generation, brand strategy, and go-to-market execution. Prior to joining Bloom, Chris served as SVP of Marketing at SurePoint Technologies, where he led a comprehensive marketing transformation that contributed to revenue growth in excess of 40%.

Parker Woods joins the investment team to support new investment evaluation, business development, and portfolio M&A sourcing across the industrial software, technology, and healthcare sectors. Prior to Bloom, Parker was an Analyst at LLR Partners and gained additional experience at Goldman Sachs and Ares Management Corporation. Parker holds a Bachelor of Science in Finance from Drexel University's LeBow College of Business.

A New Home for the Bloom Team

Bloom Equity Partners has relocated its headquarters to a new office on Fifth Avenue in Midtown Manhattan. The space features modern collaborative work areas, dedicated meeting and conference facilities, and an environment designed to support the growing Bloom team and the management partners we serve. More than simply a new address, the new office reflects the continued growth and institutional development of Bloom and provides a long-term home for the firm and platform we are building.

Advancing the Bloom Operating Platform

CXO Symposium Series

Building on the inaugural series launched in 2025, Bloom hosted its second CEO Summit in the first half of 2026. The Summit started with a general roundtable where each of our portfolio company CEOs were able to openly share recent successes and challenges, the intent being to learn from each other, and to take advantage of each other’s collective experience.

The remainder of the day was then spent in three focused conversations on go-to-market performance, practical use of AI in functional use-cases, and performance management to improve overall talent density. These in-person forums have become an important part of how we bring the Bloom network together. By creating opportunities for executives to exchange practical experience and learn directly from one another, we can accelerate the adoption of proven approaches across the portfolio. These events have become a highlight of our annual Board calendars.

Bloom AI Guild

The Bloom AI Guild continued to expand its reach and impact across the portfolio in the first half of 2026. While much of the Guild’s early work focused on applying agentic technologies to improve developer productivity, its scope has expanded considerably over the past six months.

Portfolio companies are now deploying AI across a wider range of functions, including AI-assisted hyper-personalization for account-based marketing and rapidly built dashboards to support customer success teams. These efforts are now producing tangible commercial outcomes — most visibly at Black Tiger, where an AI-built product capability directly secured and expanded a major enterprise relationship.

To accelerate adoption, the AI Guild now facilitates regular “show and tell” sessions in which teams share successful applications, tools and implementation lessons with relevant executives across the portfolio. Our objective is straightforward: identify what is working, disseminate it quickly, and enable each portfolio company to benefit from the collective experience of the broader Bloom ecosystem.

Portfolio Progress

RightCrowd

RightCrowd continued to build momentum across sales, product development, and customer expansion in the first half of 2026.

The business added marquee enterprise logos, such as Meta, across the compliance-driven enterprise segment while advancing significant expansion deployments within its installed base, including some of the largest rollouts in the company's history. Cloud adoption continued its strong trajectory, with the substantial majority of new-logo deals selecting Managed Cloud. On the product front, RightCrowd shipped its latest platform release on schedule, introducing new AI-driven capabilities and expanded mobile credential functionality that anchor the company’s go-to-market motion for the second half.

The company also achieved certification of its ServiceNow integration, now live in the ServiceNow marketplace – a milestone that embeds RightCrowd directly within the workflow platform of many of the world’s largest enterprises and meaningfully expands its partner ecosystem alongside deepening alliances across the physical security and mobile credential landscape. RightCrowd enters the second half with strong pipeline coverage and a growing set of opportunities across both new-logo and expansion motions.

To support the company's next phase of growth, RightCrowd welcomed:

• Troy Johnston, VP, Mobile Credentials

• Simon McEnally, VP, Engineering

GRC Solutions

GRC Solutions completed the integration of Digital Trust Consulting during the first half of 2026, with the combined business now operating as a single organization.

Alongside the integration, the company continued to strengthen its commercial foundation – scaling its demand generation engine to record levels of inbound interest, delivering bookings and posting meaningful gains in customer satisfaction. With an expanded leadership team now in place across operations, sales, marketing, and people, the combined GRC Solutions platform is well positioned to pursue a larger role in the global cybersecurity and digital trust market.

To lead this next phase, GRC Solutions welcomed:

• Stephen Scott, Chief Operating Officer

• Colin Raymond, Chief Revenue Officer

• Rory Jackson, Chief Marketing Officer

• Sarah-Jayne Davies, Head of HR

Black Tiger

Black Tiger made significant progress in the first half of 2026 on both product and go-to-market execution. The company launched its Enterprise Data Operations Platform (EDOP) 1.0, a milestone that sharpens its positioning within a consolidating category and aligns the business with the industry shift toward unified enterprise data operations. The platform’s AI-native architecture is already proving itself commercially: an AI-built product capability, developed and deployed in a matter of weeks, secured and expanded the company’s relationship with a major global automotive customer - one of the clearest demonstrations of applied AI anywhere in the Bloom portfolio. Commercial momentum broadened as well: new-logo activity re-accelerated, the company’s first Fortune 500 land-and-expand motions went live, Black Tiger secured competitive win-backs in two European markets, and its services programs were ranked among the top performers globally by one of the world’s largest consumer products companies. Retention remained strong across the installed base, and the company transitioned to an expansion-led, account-based commercial motion that is already generating meaningful pipeline across key strategic accounts. Black Tiger enters the second half with a modernized product, an improved operating profile, and a disciplined inorganic strategy aimed at capitalizing on category dislocation.

Soutron Global

Soutron Global advanced across product, commercial execution, and M&A during the first half of 2026.

The company launched FONS, its new discovery offering, introducing it to the market at the BIALL industry conference to a strong reception, and continued to sharpen its product planning and release discipline.

A rebuilt marketing engine - stood up in under six months under new marketing leadership - is delivering roughly twice the qualified lead volume at half the cost per lead, giving the business a modern demand foundation heading into the second half. On the customer side, the team renewed and expanded several strategic partnerships, including multi-year commitments with flagship institutional customers, reflecting the operating rigor the company has built over the past year.

Soutron also completed its acquisition of Biblionix, adding the Apollo and Artemis cloud-native library systems and completing the company's coverage of the U.S. public library market — its third acquisition in two years. The combined platform now services more than 7,000 libraries across three continents.

More information on the acquisition can be found here.

Looking Ahead

We enter the second half of 2026 with continued conviction in our strategy and confidence in the progress being made across the portfolio.

Today’s market increasingly rewards the characteristics we have long prioritized — vertical specialization, mission-critical products and services, proprietary data and workflows, and disciplined operational execution. At the same time, the repricing of software companies is creating opportunities to invest behind high-quality businesses at more attractive valuations than were available for much of the prior cycle. We continue to evaluate new platform investments and add-on acquisitions with discipline, focusing on opportunities where Bloom’s sector expertise, operating resources, and M&A capabilities can create meaningful long-term value.

We are grateful for the continued trust and partnership of our investors, management teams, advisors, and broader network. We look forward to building on this momentum and sharing further progress in the months ahead.

Warm regards,

Bloom Equity Partners

Contact: IR@bloomequitypartners.com