CHARLOTTE, N.C. -- (BUSINESS WIRE) -- Frontier Capital is pleased to announce that its portfolio company, Social Solutions, the leading provider of SaaS performance management software for human and social services, has entered into an agreement to be acquired by Vista Equity Partners. Frontier Capital made a meaningful minority equity investment in Social Solutions in February, 2009.
Founded in 2000 and headquartered in Baltimore, MD, Social Solutions provides performance and case management software to human services agencies, connecting efforts to outcomes, people to social services, and service providers to funders. As non-profit organizations and government agencies focus on delivering impactful and effective programs and initiatives, Social Solutions enables its customers to turn good intent into measurable change by relating efforts to outcomes.
“Our team is deeply committed to helping public and nonprofit agencies demonstrate results and improve outcomes,” said Scott Johnson, CEO of Social Solutions. “Frontier Capital’s investment and guidance were instrumental in helping us to refine our strategy, accelerate growth and ultimately deliver value to our customers and shareholders.”
“We are pleased to have partnered with the team at Social Solutions and to have played a role in helping guide the Company through a period of rapid growth and value creation. Social Solutions has emerged as the market leader in SaaS-based performance and case management solutions for the human and social services vertical and we look forward to watching them extend their market leadership with their new partner, Vista,” added Andrew Lindner, Partner of Frontier Capital.
About Frontier Capital
Frontier Capital is a Charlotte-based growth equity firm focused exclusively on software and technology enabled business services companies. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. We make minority and majority equity investments in high growth companies and have built an excellent track record of delivering returns to both our investors and management partners. www.FrontierCapital.com.
About Social Solutions
Social Solutions Global, Inc., creators of Efforts to Outcomes (ETO®) software, equips over 16,000 programs with web-based data-tracking and outcomes-oriented case management tools to improve results, simplify reporting requirements and improve efficiencies in delivering services across agencies and funding streams. Unlike traditional CRM and Case Management tools, ETO software was designed to help agencies improve outcomes by identifying and scaling effective programs. The ETO platform is flexible enough to be uniquely configured based on service population and evidence-based practices models, without the need for custom development to make changes to the software as your organization continues to evolve. For more information, please visit http://www.socialsolutions.com.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based private equity firm with offices in San Francisco, Chicago and Austin, currently invests approximately $11.5 billion in cumulative capital commitments in dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For further information, please visit www.vistaequitypartners.com.