|By Business Wire||
|July 8, 2014 03:50 PM EDT||
Social Solutions, the leading provider of SaaS performance management software for human and social services, announced today that it has entered into an agreement to be acquired by Vista Equity Partners (“Vista”), a leading private equity firm with approximately $11.5 billion in cumulative capital commitments in software, data and technology-enabled services companies.
Founded in 2000 and headquartered in Baltimore, MD, Social Solutions provides performance management software and case management software for human services, 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. Customers are able to create more effective programs and ensure that programs are implemented with fidelity.
“Our team is deeply committed to helping public and nonprofit agencies demonstrate results and improve outcomes,” said Scott Johnson, CEO of Social Solutions. “We believe our partnership with Vista demonstrates this commitment. Vista’s financial strength and extensive software industry experience make them an ideal partner to help us realize our plans for growth and innovation while maintaining high levels of satisfaction and support for our customers.”
“Social Solutions is a company we strongly believe in, with high customer satisfaction, a healthy market position, and talented, passionate employees. They are the type of technology-enabled market leader that we invest in for the long term,” said Alan Cline, Principal at Vista Equity Partners. “We look forward to helping position Social Solutions for exciting growth and expansion in the years to come.”
Houlihan Lokey acted as financial advisor to Social Solutions. The transaction is expected to close this summer and financial terms have not been disclosed.
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.
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