Middle-market private equity investor Ridgemont Equity Partners has invested in Softdocs, an enterprise content management (ECM) software provider to the higher education and K12 markets.
Founded in 1998 by Mike Murphy, Softdocs provides ECM software that enables customers to digitalise and electronically manage content, deploy mobile-friendly electronic forms, and automate workflows.
Murphy said: “We are thrilled to partner with Ridgemont as our first institutional investor and excited about the next chapter for Softdocs.”
Robert Satcher, Softdocs’ executive vice-president, added: “Ridgemont has a long history of working alongside founders and management teams, and we plan to leverage their extensive experience helping similar companies scale and accelerate growth. We are proud of the business we have built over the past 22 years and are aligned with Ridgemont on how to expand our platform, enhance our value to customers, and achieve our vision for Softdocs.”
Anthony Cassano, partner at Ridgemont, said: “Today, educational institutions are interacting digitally at a level never before seen. These communities require the ability to seamlessly manage and share information with every stakeholder, whether on campus or online, prioritising accessibility, security, and compliance.”
Seth Peck, principal at Ridgemont, added: “The Softdocs team has earned extremely high customer satisfaction in a market where secure cloud-based software solutions and ease-of-use are highly valued by customers.”
Raymond James was financial advisor to Ridgemont and Alston & Bird was legal advisor, to Softdocs. Nelson Mullins Riley & Scarborough was legal advisors to Softdocs and Vista Point Advisors was financial advisor.
Softdocs is headquartered in Columbia, South Carolina, Ridgemont Equity Partners is based in Charlotte, North Carolina.
Date published: 22 January 2021