Helping empower research administration technology

Macquarie Capital advised Cayuse on a majority growth investment by Primus Capital, accelerating its growth and innovation in industry-leading research administration software.

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Sector Technology
Sub-sector Services
Location United States


Empowering modern and transparent research.

Cayuse is the market leader in research administrative software. It offers scalable solutions that empower organisations to conduct globally connected research and sponsored projects. Its industry-leading software modernises processes, improves collaboration, reduces compliance risks, saves time and increases transparency across all points of the research lifecycle.


Finding the right investor.

Macquarie Capital acted as the exclusive sell-side advisor to Cayuse LLC on its majority investment by Primus Capital. It ran a competitive process, marketing the business on forward revenue and navigating uncertain market conditions to garner significant interest from both financial sponsors and strategics within the research, education and healthcare sectors. Leveraging a large network, it engaged Primus Capital a private equity firm focused on investing in leading technology-oriented growth companies.

The investment comes at a time of continued growth by Cayuse, driven by the company's focus on product innovation and the resilience of institutional research.

"We couldn’t be more excited with this additional investment which will help us to build upon our leadership position with a focus on empowering globally connected research."

Matt McLellan, CEO, Cayuse


Innovating leading research administration technology.

The growth capital provided by Primus will allow Cayuse to further accelerate organic and inorganic growth, expedite its vision to enable globally connected research and continue to be the leading provider of connected research to a range of academic institutions, healthcare providers and government agencies across the US.

The investment also ensures continuity of service for Cayuse’s 350 customers and the continued innovation that will reduce administrative burden and advance their organizations impact on science, discovery and society.


research institutions, universities, and hospitals served


employees focused on serving research organisations

Strategic growth investment

to increase innovation and service provisions

"Higher education is undergoing a transformation in the COVID-19 era. Platforms like Cayuse that help expedite and improve processes to drive efficiencies and innovation, are increasingly gaining momentum. We are pleased to have worked with Cayuse to find its next growth equity partner and help accelerate this trend."

Sam Shah, Global Head of Services, Macquarie Capital

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