About Us
EAM is a growth-oriented private equity firm.
We are building the pre-eminent lower mid-market technology-focused growth buyout firm. We aim to be the investor of choice for founders and growth-oriented executives seeking a partner who will support their vision for long-term profitable growth and the pursuit of operational excellence. We do so in a spirit of data-driven candor, hard work and partnership.
Our Focus
We focus entirely on Technology and Tech-enabled service companies.
EAM provides tailored capital solutions and strategic and operating support to companies with long term growth potential. We typically invest $25M to $100M of capital per company for growth equity or to support shareholder transitions.
Our Experience
We have earned our reputation for being a steadfast partner to Founders and growth-oriented executives over many years.
Collectively, our investment team has more than ninety years of investment and operating experience in growth companies. In addition to working side by side with Founders and CEOs, our team has served on the Board of Directors of over fifty private companies and ten public companies in the technology sector.
We invest in a select number of high potential companies. This strategy allows us to provide demonstrable value-add to every company in our portfolio while offering our investors a differentiated investment opportunity.
Our Companies
We help exceptional companies grow.
Our Team
We are known for creating value and forging lasting relationships with Founders and CEOs of market-leading companies.
Wendy Cebula
Read BioTara Ciongoli
Read BioJeff Del Papa
Read BioGabriel Gomez
Read BioMatt Giegerich
Read BioOscar Loynaz
Read BioShawn McGowan
Read BioTom Roberts
Read BioBen Tahmoush
Read BioMichaela Thompson
Read Bio
Wendy Cebula
Wendy is an Operating Partner.
Why Equality
I have a passion for helping to develop people, process and technology to create amazing value for customers and to drive growth for companies, employees and investors. Equality has a focused investment strategy, strong and diverse team and a true partnership approach. At Equality, operating partners begin engaging during the diligence process and work side-by-side with deal team members to create an investment thesis and share ownership for it. This allows us to develop a deep understanding of the businesses we support and to develop trusted relationships with management early in the process.
Prior Experience
Wendy has more than twenty years of operating experience in high growth technology enabled businesses, both public and private. She has also served on Boards for Private Equity backed companies.
Prior Firms
• edX
• Vistaprint (Cimpress)
• MotherNature.com
• Partners First
Education
• Rochester Institute of Technology
Tara Ciongoli
Tara is a Senior Advisor.
Why Equality
Equality’s mission, to build a world class private equity firm that partners with CEOs to build a small number of exceptional companies for the long-term spoke compellingly to me, and brought me back to what I loved most about my past professional experiences, specifically helping companies grow and thrive. Helping to build a team of exceptionally talented and diverse individuals similarly inspired by that mission has been the best part.
Prior Experience
Prior to co-founding Equality, Tara spent a decade in management consulting, business development, and professional development. Tara began her career at McKinsey & Company, where she worked for eight years, focusing on strategy and organization work for primarily financial services clients. Previously, Tara worked at Time Inc. Interactive, and with two investment firms as a Summer Associate, Lone Pine Capital and Venturehouse Group.
Prior Firms
• McKinsey & Company
• Venturehouse Group
• Lone Pine Capital
• Time Warner/ Time Inc.
Education
• Harvard Business School
• Princeton University
Jeff Del Papa
Jeff is Co-Founder and Managing Partner.
Jeff has twenty years of private equity experience and has partnered with management teams to complete buyout, growth equity, carve out and take private transactions.
Prior Firms
• TA Associates
• Thoma Bravo
• Summit Partners
Education
• Harvard Business School
• Babson College
Gabriel Gomez
Gabriel is a Senior Advisor.
Prior Experience
Prior to Equality, Gabriel spent over twelve years in private equity at Advent International and Summit Partners in a variety of roles and industries. He also co-founded O2X, an education and training company focused on maximizing human performance. Gabriel also ran for the U.S. Senate in MA where he won the Republican primary in a special election before losing the general election. Additionally, Gabriel worked in mergers and acquisitions at Bowles Hollowell Conner & Co. Before business school, Gabriel spent almost nine years in the U.S. Navy as an aircraft carrier pilot and Navy SEAL platoon commander.
Prior Firms
• O2X
• Advent International
• Summit Partners
• Bowles Hollowell Conner & Co.
• U.S Navy (aircraft carrier pilot and Navy SEAL)
Education
• Harvard Business School
• U.S. Naval Academy
Matt Giegerich
Matt is an Associate.
Why Equality
I joined Equality because I was excited by the prospect of investing in a select group of leading companies. The opportunity to establish meaningful, long-term relationships with the companies with which we partner is rewarding and motivating.
Prior Experience
Matt began his career at Aeris Partners, as an analyst.
Prior Firms
Aeris Partners
Education
Dartmouth College
Oscar Loynaz
Oscar is a Principal.
Why Equality
I joined Equality because it afforded me the opportunity to pursue a differentiated approach to private equity investing with a team that I am humbled to be a part of. Equality’s focus on a small number of longer-term investments provides a platform for the Equality team to establish deep relationships with management teams. Building these relationships with a group of investors and operating professionals that I can learn from and grow with over time is extremely exciting to me.
Prior Experience
Prior to joining Equality, Oscar had three years of private equity investing experience focusing on companies in the growth and buyout stages. Prior to private equity, Oscar had two years of investment banking experience.
Prior Firms
• TA Associates
• J.P. Morgan
Education
• Harvard Business School
• Princeton University
Shawn McGowan
Shawn is an Operating Partner.
Why Equality
As a passionate operator and technologist at heart, I was inspired by the idea of working with a collection of diverse and talented companies. I believe companies excel when they balance their focus on platform and product, operations, commercials, and culture. I look forward to helping shape and promote this balance across the Equality portfolio, creating value for team members, customers and investors.
Prior Experience
Shawn has more than twenty years of operating experience and has extensive experience in software and tech enabled service companies. Shawn has had roles as CTO, COO and CEO. Shawn was most recently CEO of Scribe Software.
Prior Companies
• TIBCO
• Scribe Software
• Amadeus Hospitality
• Newmarket International
• ManagedOps.com
• Elderhostel
Education
• Northeastern University Business School (MBA)
• Northeastern University (State of the Art, Computer Science)
• Plymouth State College
Tom Roberts
Tom is Co-Founder and Managing Partner at EAM. Prior to founding EAM, Tom worked at Summit Partners for nearly 30 years, playing a central role in building Summit’s organization and its exceptional investment track record.
In founding EAM, Tom sought to return to his roots of investing in founder-driven technology product and service companies.
Equality represents his vision of offering investors a concentrated portfolio of high-growth “best ideas” in technology while providing founders and growth-oriented executives the exceptional level of support and partnership a small portfolio allows. Tom has assembled a team, handpicked from over three decades in private equity, to pursue this vision.
Prior to Equality and Summit, Tom received an AB in Economics from Princeton University, magna cum laude, and an MBA from Harvard Business School, where he was a Baker Scholar.
Ben Tahmoush
Ben is an Analyst.
Why Equality
I joined Equality for the opportunity to be surrounded by and learn from talented investors and operators while investing in a select number of high-quality businesses. Equality’s strategy provides the unique ability to build meaningful relationships with management teams of the companies we partner with, which is both exciting and rewarding.
Prior Experience
Ben began his career as an Investment Banking Analyst at Citigroup.
Prior Firms
Citigroup
Education
University of Michigan
Michaela Thompson
Michaela is an Analyst.
Why Equality
I have always loved the process of diving into an industry – gaining an insight around the tech defining the field, understanding tailwinds driving growth, and developing a conviction around the full potential of a space – as a means of identifying compelling investments. Equality’s approach of investing in a select group of market leading companies allows for our team to gain keen conviction around the industries our investments reside in, while leveraging our team’s domain experience to bolster growth. The opportunity to work alongside management teams and develop long-lasting relationships is incredibly rewarding!
Prior Experience
Michaela began her career specializing in industry research in a variety of software sectors with direct responsibility for origination and execution of buyout investments.
Education
Boston College – Carroll School of Management
Recent News
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Evention Announces Strategic Growth Investment from Equality Asset Management
Evention Announces Strategic Growth Investment from Equality Asset Management
Investment Will Support Evention’s Domestic and International Growth
CHICAGO, June 23, 2022 /PRNewswire/ — Evention LLC (“Evention”), a leading provider of software to hotels, restaurants, and retailers, announced today that it has secured an investment from Equality Asset Management (“Equality”), a Boston-based growth equity firm. Evention will continue to be led by its founders and Co-Managing Partners, Mike Baldinger, Erik Nejman, and Brian Roth. Financial terms were not disclosed.
“Evention has been providing financial automation software that improves accuracy, reduces operating costs, and enables compliance for more than 15 years,” said Mike Baldinger, Evention Co-Founder and Managing Partner. “We’re experiencing rapid growth fueled by new products, market expansion, and the macro shift to improve and automate financial processes.”
“This partnership allows Evention to continue its mission of empowering our customers with financial and back-office automation,” added Erik Nejman, Co-Founder and Managing Partner. “Equality has tremendous experience supporting growth software companies like Evention and we’re excited to welcome them as a partner to our company and to our amazing customers across the globe.”
“Mike, Erik and I are thrilled about Evention’s next chapter of growth and continuing to build upon our long track record of success,” noted Brian Roth, Co-Founder and Managing Partner.
Evention was founded in 2004 to solve the data and payroll complexities associated with tips and gratuity calculations. Initial customers were single-location hotels, but management companies and global hospitality and retail brands followed. Today, the Company has thousands of customers across verticals utilizing its cloud-based automation solutions for accounting, payroll, and other financial transactions, reducing administrative time, and increasing profitability. Evention’s growing product portfolio, as well as international presence, positions it as a trusted partner to some of the biggest names in hospitality, restaurants, and retail.
“Finance and accounting offices are undergoing a modernization that is driving demand for software products that provide clear ROI,” said Oscar Loynaz, Principal at Equality. “Evention streamlines mid and back-office processes while improving transparency and employee engagement. We’re excited to partner with Mike, Erik, Brian and the team at Evention to support their continued success and accelerating growth.”
“Evention’s focus on building highly valuable automation software that meets the needs of complex operating environments has enabled the Company to serve global brands with very high customer satisfaction” said Jeff Del Papa, Co-Founder and Managing Director at Equality. “With a broadening product portfolio, deep domain expertise, and global footprint, Evention is very well positioned to support customers as they seek the benefits of automation. ”
McDonald Hopkins acted as legal advisor to Evention. Goodwin Procter LLP acted as legal advisor to Equality.
About Evention LLC
Based in Chicago, IL, Evention leverages automation to reinvent legacy accounting processes. Evention’s Software as a Service (SaaS) solutions simplify back-office processes for various verticals – from retail to restaurant to grocery, hospitality, casino, and others. By streamlining the management of cash, credit card reconciliation, tips and gratuities, and group billing processes, Evention’s automated solution suite decreases costs and increases efficiency. With robust controls and comprehensive reporting capabilities, Evention’s solutions guarantee financial transparency and security. Evention serves thousands of customers across the globe.
About Equality Asset Management
Equality Asset Management is a growth-focused private equity firm. Equality provides equity capital and strategic and operating support to growth companies in the technology and tech-enabled services sectors. With decades of investment experience and operating experience, the firm has earned a reputation for value-creation, serving as steadfast partners to Founders and CEOs. Equality is based in Boston. For more information, please visit https://www.equalityassetmanagement.com.
Evention
Brian Gosizk (brian.gosizk@eventionllc.com) – 312.953.4600Equality Asset Management
Andrew Chironna (achironna@prosek.com) – 646.818.9047 -
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SaaS Ecommerce Provider Miva Announces Strategic Growth Investment from Equality Asset Management
SaaS Ecommerce Provider Miva Announces Strategic Growth Investment from Equality Asset Management
Investment will Support the Growth and Expansion of Miva’s Customer Base and Products
November 18, 2021 – San Diego, CA – Miva, Inc., a leading mid-market and enterprise ecommerce platform announced it has secured a significant equity investment from Boston-based growth equity firm, Equality Asset Management. The company will continue to be led by CEO, Rick Wilson. Financial terms of the deal were not disclosed.
“Emerging from the pandemic, the ecommerce industry is well positioned for growth as more merchants diversify their revenue sources and reevaluate customer engagement online,” said Rick Wilson, CEO of Miva. “As we double down on the things that continue to differentiate us in the market and focus on our growth, we are thrilled to partner with Equality Asset Management to enter the next phase in our evolution.”
For more than twenty years, Miva has provided a flexible and modern ecommerce platform to retailers, wholesalers and distributors, equipping them with the tools and capabilities needed to scale their ecommerce operations.
The company creates more agility for its B2B and D2C customers at every step of the sales journey. Whether integrating with existing systems, delivering curated shopping experiences, or creating a customizable online store for direct sales, the platform’s rich functionality, ease of use and customizable nature have positioned it as a technology of choice for thousands of companies globally. Miva’s low total cost of ownership and high customer satisfaction ratings also continue to receive industry recognition, as customers unlock new sources of revenue on the platform.
“For both mid-market and enterprise businesses alike, the requirements to manage back-end systems and supply chains have become increasingly complex due to the intricacy of product catalogs, price books and multiple customer touch points,” said Jeff Del Papa, Co-Founder and Managing Director at Equality. “Miva was early in recognizing the need to introduce affordable and configurable solutions that drive automation and reduce operating costs. We are pleased to partner with Rick and the team at Miva to support their future growth and success.”
“Miva has made significant investments in its software and is poised to grow organically and through strategic acquisitions. We are excited to support this strategy for expansion, in partnership with Miva’s management team,” added Oscar Loynaz, Vice President at Equality.
First Analysis acted as the exclusive financial advisor to Miva for the transaction. Sheppard Mullin LLP acted as legal advisor to Miva. Goodwin Procter LLP acted as legal advisor to Equality.
About Miva, Inc.
Miva offers a flexible, adaptable and scalable ecommerce platform that allows businesses to drive sales, maximize average order value, cut overhead costs, and increase revenue. Miva has been helping businesses realize their potential for over 20 years by empowering retail, wholesale, and direct-to-consumer sellers across all industries to transform their business through ecommerce. Learn more at www.miva.com.
About Equality Asset Management
Equality Asset Management is a growth-focused private equity firm. Equality provides equity capital and strategic and operating support to companies with long-term growth potential in the technology and tech-enabled services sectors. With decades of investment experience and operating experience, the firm has earned a reputation for value-creation, serving as steadfast partners to Founders and CEOs. Equality is based in Boston. For more information, please visit www.equalityassetmanagement.com.Media Contacts:
Miva
Marissa Pasillas (miva@walkersands.com) – 815.721.3086
Equality Asset Management
Beatrice Broderick (bbroderick@prosek.com) – 857.301.6949
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The Art and Science of Scaling with Wendy Cebula
The Art and Science of Scaling with Wendy Cebula
Wendy is an Operating Partner at Equality Asset Management. She has more than twenty years of operating experience in high growth technology enabled businesses, both public and private. Her prior firms include edX, Vistaprint, MotherNature.com and Partners First.
Equality Asset Management is a growth-focused private equity firm. Equality provides equity capital and strategic and operating support to companies in the technology and tech-enabled service sectors. For more information, please visit www.equalityassetmanagement.com.
Chris Keller of Archean Capital: Your experience was heavily influenced by your time at VistaPrint which you joined when it had $1 million of revenue and helped scale to over $1 billion; what were some of the key decisions in that growth?
Wendy: Vistaprint’s founder and CEO had audacious ambitions for the company and for the customer value proposition. As an operator that meant constantly reassessing what we were doing well and what we needed to do better. The most impactful decisions came from challenging the status quo. For example, at certain periods in our growth, we needed smart, well-rounded employees who could quickly get up to speed on any domain. At other times, we’d recruit individuals with deep domain expertise. The profile of the person who figured out how to land our first channel partnership was different than that of the person who scaled sales and marketing globally. Constantly growing talent from within while recognizing when we needed outside perspective matched our talent with our business requirements.
We also were deliberate about building scalable capabilities. An example was our approach to customer support. We piloted our approach from our corporate office. They identified customer needs and tested processes and tools. To scale, we ran a global site selection project and chose Jamaica which had an education system centered around hospitality and an enthusiastic labor pool. We identified the right balance between local leadership and ex-pats who knew the Vistaprint way. Our Montego Bay location grew to hundreds of team members and became an employer of choice while giving Vistaprint a cost and service advantage. We had many interesting 8:00am flights, working on our laptops among a plane full of vacation bound passengers enjoying free champagne.
Chris: Can you discuss a decision that, looking back, was a pivotal one to Vistaprint’s success?
Wendy: Early in Vistaprint’s lifecycle, one of our funding rounds fell through. We had just launched 2 new products which we were very excited about but that weren’t yet profitable. We knew we needed to cut our burn rate and we had heated discussions about whether to make big changes or to take a more measured approach. We made the difficult decision to cut resources to the bone, including turning off the new products to focus our resources on profitably growing our core. Later, we re-launched the products and began rebuilding our team with a clearer view. The decision didn’t just save the company. It helped us to appreciate the benefits of being bold and decisive, and identifying, prioritizing, and focusing on what is most important, and deprioritizing what isn’t.
Chris: What, if any, mistakes were made along the way and how do you help management teams learn from your mistakes as opposed to learning by making their own?
Wendy: I’ve certainly made too many mistakes to count. Shawn McGowan, also an Equality operating partner, and I have each held roles at several growth-stage companies and have been board members or advisors to others. While a given team might encounter a situation once or twice, Shawn and I may have collectively observed a similar situation many times. Our approach is to add these additional real-world data points and perspective to the pool of information available as management makes the decision.
For example, we often talk to founders with a great product. Their growth plans now require them to successfully build out a sales and marketing team to accelerate growth, but they have little or no experience doing so successfully. Shawn and I have collectively vetted many sales and marketing leaders. We are available as thinking partners on the profile and interview approaches and as members of the interview team. In fact, we just leaned into a process to recruit a new CRO to one of our portfolio companies. While our participation doesn’t guarantee every hire will be a fit, it increases the probability of success.
Chris: I’m glad you mentioned recruiting. One of your skills is human capital assessment. How does your expertise help Equality pre or post investment?
Wendy: Shawn and I have experience building high performing teams. The fact that we are included in the deal process from day one affords us a real opportunity to get to know and evaluate teams pre-close.
First, we ask the CEO to walk us through their organization design and team. We then ask each functional leader to do the same. In all diligence meetings we observe interpersonal dynamics, how challenging questions are handled, and each individual’s command of their metrics and domain. We form hypothesis to test throughout the diligence process. Are roles, responsibilities, and goals clearly defined and aligned with incentives? Is decision making appropriately distributed? Does the team have the mix of experience and skills to execute on their strategy? Is the team diverse and inclusive? What is the company culture?
We do a lot of work with founders. The brilliance of a founder is often their vision, passion and commitment to their teams and ideas. This can produce very high-quality products and financial results, but it very often results in leadership teams and organizations that are non-traditional when compared to larger businesses. Fully assessing the capabilities of a team, identifying gaps, and helping leaders to focus on areas where they have a superpower is very important for achieving a long-term scalable organization and ultimately for driving growth and margins. Our approach gives us clear visibility into team strengths and weaknesses and provides a data driven approach to making team and organizational decisions.
Chris: What’s been the greatest lesson you’ve learned as it relates to people & talent?
Wendy: My greatest learning is the power in identifying someone’s superpower and finding a way to get them into a role that takes full advantage of those strengths.
Chris: What do you like most about being an operating partner at Equality?
Wendy: I get a lot of satisfaction from supporting individuals and teams. Moments where my advice or partnership have a positive impact on someone else’s success are very rewarding.
At Equality, we are entrepreneurs at heart, and we apply that passion to supporting the entrepreneurs in which we invest. We use an operator-to-operator approach which means the operating partners participate in all aspects of the investment process. By the time a deal closes we have relationships with management, an understanding of the company’s strategy, areas of operating strength and opportunity, and are aligned both internally and with management on the post-close plan. We can do all of this with empathy, humility, and perspective, having spent many years in the shoes of the management team. Several founder/CEOs have shared feedback that they selected Equality as their partner in part because of the differentiated value our operating partners could bring. It is fun to be part of a team that values and benefits from our experience.
Chris: What do you like to do outside of work?
Wendy: At home I have a husband and two teenage girls. They would each be quick to tell you I run our household much like I’d run a business. We maintain a backlog of chores and graph our expenses to visualize year on year trends and variance to budget. We maintain a strong culture of transparency, accountability and 360 feedback. In my downtime I enjoy watching sports, working out at Orange Theory, taking our dogs for walks and reading.
Chris: Classic! I can imagine family dinners with PowerPoint. Thanks for your time. I enjoyed it.
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Mindoula Acquires 180 Health Partners and Its Strongwell™ Substance-exposed Living Platform
Acquisition expands Mindoula’s suite of tech-enabled, outcome-driven population health management programs to include StrongWell™ Prenatal & Postpartum Care and Substance-exposed Living programs.
Silver Spring, MD, March 18, 2021 –(PR.com)– Mindoula, a digital health innovator and market leader in the tech-enabled delivery of collaborative care and population health management programs for complex populations, today announced the acquisition of 180 Health Partners, a Nashville, TN based company, with a mission to positively impact the trajectory of substance-exposed lives.
By combining personalized, interdisciplinary treatment with a relationship-based support ecosystem, the Strongwell™ programs developed by 180 Health Partners operate at the intersection of behavioral, medical, and social care. This proven collaborative model of care delivers better outcomes and achieves higher levels of engagement than traditional, non-hybrid models of support and care. The Strongwell(TM) behavioral health care teams, comprised of 24/7 tech-enabled counselors, peer advocates, nurses, and resource navigators, partner with Medicaid MCO’s, Commercial and Medicare Advantage Health Plans, and states through value-based partnerships both as a vendor and as a fully licensed and credentialed behavioral health provider.
The StrongWell™ programs have reduced Prenatal & Postpartum Care (PPC) costs by more than 50% driven primarily by improved health outcomes for infants and improved PPC for mothers, resulting in an average savings of over $20,500 per baby. They have successfully reduced total cost of care by over 30% for all substance-exposed living populations driven primarily by reduced hospital admissions, readmissions, avoidable Emergency Department utilization, and increased adherence to MAT programs through 180 Health Partners’ established relationships with in-network MAT Clinics and MAT-waivered prescribers.
By helping babies be born healthier, by helping mothers be better supported before and after giving birth, and by helping men and women with substance exposed lives address their challenges, the StrongWell™ programs positively impact current and future generations.
“The 180 Health Partners team is excited to join forces with Mindoula in a way that will allow us to rapidly extend the reach of our StrongWell™ programs and accelerate our mission to provide solutions and services to populations with substance use and other behavioral health challenges,” said Justin Lanning, Founder & CEO of 180 Health Partners. “We founded 180 Health Partners with a vision of delivering the most comprehensive, integrated, and successful tech-enabled hybrid support and care programs in the world for SUD populations with complex challenges and Mindoula is the perfect home for our proven programs to grow and thrive.”
“From our founding back in 2013, we have dedicated our company to serving populations with behavioral, medical, and social challenges across the continuum of care, including those who might otherwise be underserved, labeled, or left behind as a result of substance use challenges,” said Steve Sidel, Founder & CEO of Mindoula. “With 180 Health Partners’ focus on prenatal & postpartum care populations as well as substance exposed non-pregnant adolescent and adult populations, we realized we’d found in their suite of StrongWell™ programs a perfect complement to our collaborative care, interpersonal violence reduction, suicide prevention, and serious mental illness & comorbid medical programmatic interventions. We therefore couldn’t pass up the opportunity to merge with Justin’s terrific company and his amazing team.”
As a result of the acquisition 180 Health Partners will operate as an entity under the Mindoula umbrella of companies that includes predictive analytics subsidiary Care at Hand, and psychiatry innovator, Axis Healthcare Group. 180 Health Partners will continue to offer its StrongWell™ programs on a standalone basis to health plans, governments, health systems, and providers. In addition, the StrongWell™ programs will now be available in a bundle with Mindoula’s other next-generation population health management programs. Justin Lanning will continue to lead 180 Health Partners as its President, and will join Mindoula’s senior leadership team as Chief Customer Officer to help the company advance its mission to transform behavioral healthcare worldwide.
About Mindoula
Mindoula (www.mindoula.com) is a next generation population health management company that scales the human connection through technology in addressing mind, body, and life challenges. It identifies, engages, and serves populations who might otherwise be left behind, and delivers tech-enabled, team-based, 24/7 support and care across the continuum of care. Mindoula’s adaptive data science approach, multi-platform technology stack, and virtual + in-person care extension teams enable its enterprise partners to achieve improved outcomes and significantly reduced costs by integrating behavioral, medical, and social determinants of health. Headquartered in Silver Spring, Maryland, Mindoula is currently operating in Maryland, Virginia, the District of Columbia, Nevada, Louisiana, West Virginia, California, Texas, Missouri, New Jersey, Michigan, Pennsylvania, and Florida, with continued national expansion plans to meet the growing need for integrated whole person care.
About 180 Health Partners
180 Health Partners’ (www.180healthpartners.com) mission is to research, define and provide solutions and services related to substance use and behavioral health challenges that help its clients deliver the most comprehensive, integrated and successful Care + Community programs in the world. Its flagship StrongWell™ programs can be found at www.iamstrongwell.com. Headquartered in Nashville, Tennessee, 180 Health Partners is currently operating in Tennessee, Kentucky, Texas, and Florida, partnering primarily with Medicaid MCO’s and States & Governments in serving substance exposed lives across the continuum of care.
ContactMindoula
Kristi R. Stovall
312.498.4078
www.mindoula.com -
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LEADING INSURANCE SOFTWARE COMPANY PCMI ANNOUNCES INVESTMENT FROM EQUALITY
Investment will Support Product Expansion and Client Acquisition
January 19, 2021 – Park Ridge, IL– PCMI (Policy Claims Management International), a leading provider of administration software for the automotive, consumer and industrial warranty and service management markets announced its first equity investment from Boston-based growth equity firm, Equality Asset Management, and Chicago-based, First Analysis. Financial terms were not disclosed.
PCMI offers a modern suite of software solutions for policy administration, claims management, risk management and the financial management of insurance products. PCMI’s customers include leading original equipment manufacturers, third party administrators, self-administrators and insurers who offer and manage warranties, service contracts and other finance and insurance products. Since inception, PCMI’s software has been used to administer more than 50 million policies and process more than 23 million claims.
“In 2012, I saw the opportunity to introduce a modern, purpose-built software to a market that was underserved. Since then, we have worked tirelessly on our mission to build the most comprehensive administration platform in the market. Our passion for technology and commitment to continuous improvement has led us to become a leader in our industry” said Mark Nagelvoort, President & CEO of PCMI. “Equality Asset Management has a track record of investing in SaaS based companies within high growth markets and can provide operational expertise that will allow us to accelerate our growth initiatives. Their support will be invaluable as we continue to make innovations on our platform and expand product capabilities to meet the evolving business needs of our customers. I’m thrilled we have them as a trusted partner as we enter this exciting new phase of our journey.”
“Mark and the leadership team and employees of PCMI have built a remarkable company. Their focus on product, deep understanding of their customers and markets and culture of innovation have been core to their success.” said Jeff Del Papa, Co-Founder and Managing Director at Equality Asset Management. “The market for warranty administration software is in an attractive upgrade cycle and PCMI is very well positioned with a complete, modern platform. We’re excited to work alongside this experienced team and to support PCMI’s expansion.”
“PCMI is the demonstrated category leader, consistently delivering essential, high value solutions to customers. As consumer demands evolve, the need for flexible software will continue to increase across the F&I value chain” added Oscar Loynaz, Vice President at Equality.With this investment, PCMI will continue its focus on product expansion and client acquisition in North America and globally.
First Analysis acted as the exclusive financial advisor to PCMI for the transaction. Winston & Strawn LLP acted as legal advisor to PCMI. Goodwin Procter LLP acted as legal advisor to Equality Asset Management.About PCMI Corporation
PCMI offers a modular package of software solutions for the administration of F&I Products, Service Contracts, and Extended Warranties. PCMI’s SaaS platform, Policy Claim and Reporting Solutions™ (PCRS), supports and automates the full lifecycle of all aftermarket products and provides the most flexible environment for administrators, insurers, OEM’s, agents, and dealers to launch new products. Our global team enables continuous around-the-clock innovation and customer-focused support. Please visit www.pcmicorp.com for more informationAbout Equality Asset Management
Equality Asset Management is a growth-focused private equity firm. Equality provides equity capital and strategic and operating support to companies with long-term growth potential in the technology and tech-enabled healthcare sectors. With decades of investment experience and operating experience, the firm has earned a reputation for value-creation, serving as steadfast partners to Founders and CEOs. Equality is based in Boston. For more information, please visit www.equalityassetmanagement.com.Media Contacts:
PCMI
Mark Nagelvoort (mark.nagelvoort@pcmicorp.com) – 847.653.6916 ext. 100
Laura Scahill (laura.scahill@pcmicorp.com) – 847.653.6916 ext. 115Equality Asset Management
Tara Ciongoli (tciongoli@equalityam.com) – 617.290.2510
Beatrice Broderick (bbroderick@prosek.com) – 857.301.6949
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(June 8, 2018)
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By accepting these Terms of Use, you represent and warrant to Equality Asset Management that you are authorized to enter into this Agreement. If you do not accept these conditions, do not use this website. Equality Asset Management may change, add or remove portions of the Terms of Use from time to time and any modifications will be effective immediately upon posting unless we indicate otherwise. Your use of the website indicates your full acceptance of these Terms of Use in its then current form each time you access the website. We suggest that you review these Terms of Use periodically for changes.
OWNERSHIP
All content included on this website, such as documents, charts, graphics, logos, articles and other materials, is the property of Equality Asset Management or others and is protected by copyright and other laws. All trademarks and logos displayed on this website are the property of their respective owners, who may or may not be affiliated with Equality Asset Management.
INFORMATIONAL PURPOSES ONLY
Nothing on this website is an offer or solicitation to buy or sell any security. Although the website may include investment-related information, nothing on this website is a recommendation that you purchase, sell or hold any security or other investment, or that you pursue any investment style or strategy. Nothing on this website is intended to be, and you should not consider anything on the website to be, investment, accounting, tax or legal advice.
The information contained in the website may include certain historical investment performance information and forward-looking statements relating to the Equality Asset Management Funds as well as to their underlying portfolio companies. Forward-looking statements are not guarantees of the underlying expected actions or future performance and future results may differ significantly from those anticipated by the forward-looking statements. Past performance is not indicative of future results and there can be no assurance that future performance will be comparable to past performance.
RESTRICTIONS ON USE
You may not access the website or use the information contained in the website for any illegal purpose or in any manner inconsistent with these Terms of Use. You agree to access the website and use the information contained therein solely for your own noncommercial use and benefit, and not for resale, redistribution or other transfer or disposition to, or use by or for the benefit of, any other person or entity. You agree not to use, transfer, distribute or dispose of any information contained in the website in any manner that could compete with the business of Equality Asset Management or its portfolio companies.
You may not decompose, decompile, reverse engineer, disassemble or otherwise deconstruct all or any portion of this website. You may not publish, broadcast, retransmit, reproduce, repackage, commercially exploit, create any derivative of or otherwise redistribute all or any portion of the website except as explicitly permitted in these Terms of Use.
RISKS YOU ASSUME BY USING THE WEBSITE
Information on the website speaks only as of the date indicated. While we make reasonable efforts to provide accurate information, at times we may not promptly update or correct the website even if we are aware that it is inaccurate, outdated or otherwise inappropriate. You agree that we are not responsible for any action that you take or decision you make in reliance on any information contained in the website.
COMMUNICATIONS
While we make commercially reasonable efforts to ensure that the website is secure, we do not guarantee the security of the website or your communications with us through the website. Electronic communications can be intercepted by third parties and, accordingly, transmissions to and from this website may not be secure. Communications to Equality Asset Management, particularly those containing confidential information, may be sent by mail to: Equality Asset Management, L.P., 120 St. James Avenue, 6th Floor, Boston, MA 02116. Equality Asset Management shall be free to use, for any purpose, any ideas, concepts, know-how, or techniques provided by you to Equality Asset Management through this website.
THIRD PARTY WEBSITES
Please note that these Terms of Use apply only to this website and not to other websites that may be accessible from this website via hyperlink. We are responsible only for the content of our own website and we have no control over other websites that may be accessible from this website, the contents therein or the products/services offered thereby. Equality Asset Management offers these hyperlinks as an accommodation to you and other users, but does not make any representations with respect to the accuracy, quality or suitability of the content provided on websites located through such hyperlinks, nor are we responsible for the practices of such other websites and sponsoring companies. In addition, third-party sites may be linked to this website, with or without our consent. If you access any third party website through our website or otherwise, you do so at your own risk. Hyperlinks to or from this website do not constitute third party endorsement of, sponsorship by or affiliation with us. We encourage you to review the privacy policies and user agreements of all other websites that you visit as such policies and agreements will govern your use of those websites.
INTERNATIONAL USE
Due to the global nature of the Internet, this website may be accessed by users in countries other than the United States. We make no warranties that materials on this website are appropriate or available for use in such locations. If it is illegal or prohibited in your country of origin to access or use this website, then you should not do so. Those who choose to access this site outside the United States do so on their own initiative and are responsible for compliance with all local laws and regulations. In addition, information collected from users outside the United States may be transferred to the United States and other countries.
DISCLAIMER OF WARRANTIES
You acknowledge that we provide the contents of this website on an “as is” basis with no warranties of any kind. We disclaim all representations and warranties, express or implied of any kind with respect to the website, including warranties of merchantability, fitness for a particular purpose and non-infringement of intellectual property and proprietary rights. Without limiting the foregoing, we do not warrant the availability, accuracy, completeness, timeliness, functionality, reliability, speed or delivery of the website or any part of the information contained in this website. Your use of this website and use or reliance upon any of the materials on it is solely at your own risk.
LIABILITY
Neither we nor any of our agents, members, directors or employees are responsible for any damages, liabilities or injury, including but not limited to direct, indirect, incidental, special, exemplary, punitive or consequential damages, or for any lost profits or losses, however caused, arising out of your use of (or inability to use) this website, whether arising under this Agreement or otherwise. Our liability is limited to the maximum extent permitted by law and is limited even if we have been advised of the possibility of the damages, liability or injury that you suffer or if any remedy you have fails of its essential purpose, including any damages, liabilities or injury caused by any failure of performance, error, omission, interruption, defect, delay in operation, computer virus, line failure, or other computer malfunction.
In exchange for using this website, you agree to indemnify and hold Equality Asset Management, our agents, members, directors and employees harmless against any and all claims, losses, liabilities, costs and expenses (including, but not limited to, attorneys’ fees) arising from your use of this website or your violation of this Agreement. In addition, you understand and agree that your use of this website is predicated upon your waiver of any right to sue Equality Asset Management, our agents, members, directors and employees directly or to participate in a suit for any losses or damages resulting from your use of this website.
Notwithstanding the foregoing, nothing contained in preceding paragraphs or elsewhere in this Agreement shall constitute a waiver by you of any of your legal rights under applicable U.S. federal securities laws or any other laws whose applicability is not permitted to be contractually waived.
TERMINATION
Equality Asset Management may terminate your access to this website for any reason, without prior notice. The Agreement shall survive any termination or expiration of your access to the website.
GOVERNING LAW
You agree that your use of this website and any disputes relating to the website or the Agreement shall be governed in all respects by the laws of the Commonwealth of Massachusetts. Any dispute relating to the above shall be brought solely in the state or federal courts located in Boston, Massachusetts and you expressly consent to the exercise of personal jurisdiction by and to venue in such courts for purposes of resolving such disputes. You agree to bring any claim solely in your individual capacity and you expressly waive any right to bring any claim as part of a group or as a class action.
SEVERABILITY
If any provision of the Agreement is deemed unlawful, void, or for any reason unenforceable, than that provision will be deemed severable from the Agreement and will not affect the validity and enforceability of the remaining provisions. The Agreement constitutes the entire agreement and understanding between you and Equality Asset Management, and supersedes any prior agreement and understandings with respect to your access to or use of the website.
Privacy Policy & Disclaimer
Thank you for visiting the Equality Asset Management, L.P. (together with its affiliated fund and management entities “Equality Asset Management” or “we”) website. This policy describes how we gather and use information from our website visitors.
Your privacy is important to us. The only personally identifiable information we record is information that you knowingly provide to us. This information is used solely by Equality Asset Management for internal business purposes, such as identifying and contacting appropriate investment candidates, and is shared with third parties only as necessary to provide this website and our associated services.
Equality Asset Management is committed to continuously improving the web site experience for our visitors. Therefore, we collect aggregate data about our visitors such as page views, visitor frequency, Internet browser usage, and length of time spent on the web site. This information is analyzed internally to understand the effectiveness of our site. This information does not identify individual users.
Information regarding how a user accesses Equality Asset Management’s website may be automatically collected through the use of cookies. This information is used to improve website performance and is not shared with other organizations. If you continue without changing your cookie settings, you consent to the use of cookies on this website. You may change your cookie settings at any time by adjusting the cookie settings in your individual browser. If you do so, you may not be able to access certain parts of this website.
Disclaimer
The investments referenced on this site were led by Tom Roberts, Gabriel Gomez, and Ned Schwartz while at Summit Partners, Advent, Drive, General Atlantic, and Norwest, and are not portfolio companies of any fund managed by Equality Asset Management. A full list of all investments in our investment team members’ track record, including information regarding their roles with respect to such investments, is available upon request.