RESTON, Va. -- (BUSINESS WIRE) -- WWC Capital, the growth capital fund affiliate of Outcome 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. WWC Capital led Social Solutions' Series A round in September, 2006 and was the company’s first institutional investor.
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 non-profit agencies demonstrate results and improve outcomes,” said Scott Johnson, CEO of Social Solutions. “WWC 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 watching them cement their market position with their new partner, Vista,” added Mike Cromwell, Partner of WWC Capital.
About Outcome Capital and WWC Capital
WWC Capital is a Reston-based growth equity fund group focused on software and technology-enabled services. Founded in 1998, WWC partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. WWC’s affiliated investment bank, Outcome Capital, is a registered broker dealer that provides investment banking services to software and technology-enabled services firms. www.outcomecapital.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.