Partnership Supports Continued Innovation as Softdocs Enters a New Phase of Growth
Charlotte, NC (January 21, 2021) – Ridgemont Equity Partners, a middle-market private equity investor, today announced a growth investment in Softdocs, an enterprise content management (ECM) software provider for the higher education and K-12 markets. The partnership with Ridgemont empowers Softdocs to expand its market reach and enhance its SaaS-based offering. Financial terms of the transaction were not disclosed.
“We are thrilled to partner with Ridgemont as our first institutional investor and excited about the next chapter for Softdocs,” said Softdocs’ founder Mike Murphy. Robert Satcher, Softdocs’ EVP, 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.”
“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, prioritizing accessibility, security, and compliance,” said Anthony Cassano, Partner at Ridgemont. 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. We are excited to partner with Mike and Robert to capture the tremendous market opportunity ahead.”
Raymond James served as financial advisor to Ridgemont, and Vista Point Advisors served as financial advisor to Softdocs. Alston & Bird LLP and Nelson Mullins Riley & Scarborough LLP served as legal advisors to Ridgemont and Softdocs, respectively.