H.I.G. Capital, through its middle market investment affiliate, has reached an agreement to acquire HelpSystems from Summit Partners. Previous reports indicated the company could be valued at over $700 million in a sale, including assumed debt. With over 9,000 customers across a range of industries, HelpSystems is a provider of system & network management, business intelligence and security & compliance solutions. Summit Partners initially invested in the company in 2005, sold it to Audax Group in 2007 and then bought it back in 2012.