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.

 

EAM 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.…I’m thrilled we have them as a trusted partner as we enter this exciting new phase of our journey.

PCMI Logo Mark Nagelvoort
Founder & CEO, PCMI

As we continue to execute on our mission to transform behavioral healthcare, we are excited to bring on a partner who shares our vision...We are impressed by the deep investment experience, healthcare and technology expertise, and collaborative approach of Tom Roberts and the entire Equality team.

Steve Sidel
Founder and CEO, Mindoula

Our Companies

We help exceptional companies grow.

EAM provides tailored capital solutions and strategic support to growing companies. We provide $25M to $100M of capital per company for growth equity and buyout transactions, with leverage levels tailored to each situation.

Evention

Financial automation software for hospitality, restaurants and retail

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Mindoula

Tech-enabled behavioral health

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MIVA

Ecommerce infrastructure software for retailers, distributors and wholesalers

View Website

PCMI

Specialty lines insurance software platform

View Website

Our Team

We are known for creating value and forging lasting relationships with Founders and CEOs of market-leading companies.

Wendy Cebula>
Wendy Cebula

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 Ciongoli

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 Del Papa

Jeff is Co-Founder and Managing Partner of EAM. He currently sits on the boards of PCMI, Miva and Evention.

Jeff has been investing in private software companies for more than twenty years. His experience includes partnering with management teams to complete buyout, growth equity, carve out and take private transactions. Jeff started his private equity career at Summit Partners and also worked at Thoma Bravo and TA Associates, where he led and helped manage investments in software and services companies.

Jeff’s passion is working with product-led growth software companies and partnering with leadership teams and founders to provide growth support through EAM’s Investor-Operator strategy.

Jeff graduated from Babson College and has a MBA from Harvard Business School.

Gabriel Gomez>
Gabriel Gomez

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

Oscar Loynaz>
Oscar Loynaz

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 McGowan

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 Roberts

Tom is Co-Founder and Managing Partner at EAM. Prior to 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. During his tenure there, Tom served as Managing Partner, Executive Committee Member, and Investment Committee Member.  Tom also founded Summit’s Portfolio Performance Group and oversaw that group’s growth and success for nearly a decade.  During his career, Tom led dozens of investments for Summit, sitting on over 40 portfolio company boards during his tenure.

At EAM, Tom returns to his career roots of investing in founder-driven technology companies. EAM represents its founders’ shared vision of offering investors a concentrated portfolio of category leading high-growth technology companies while providing company founders and growth-oriented executives the exceptional level of support and partnership a small portfolio allows. EAM has assembled a world-class team, well-known to each other for decades, to pursue this vision.

Tom studied economics at Princeton University and earned his MBA from Harvard Business School.

Ben Tahmoush>
Ben Tahmoush

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 Thompson

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

 

Our Highlights

  • Jun 23, 2022 Read Article
    June 23, 2022

    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

    CHICAGOJune 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) – 312.953.4600

    Equality Asset Management
    Andrew Chironna (achironna@prosek.com) – 646.818.9047

     

     

     

     

  • Nov 18, 2021

    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

    Read Article
    November 18, 2021

    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

     

  • Aug 27, 2021

    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

    Read Article
    August 27, 2021

    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.

  • Mar 18, 2021

    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

    Read Article
    March 18, 2021

    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.

    Contact
    Mindoula
    Kristi R. Stovall
    312.498.4078
    www.mindoula.com
  • Jan 17, 2021

    LEADING INSURANCE SOFTWARE COMPANY PCMI ANNOUNCES INVESTMENT FROM EQUALITY

    Investment will Support Product Expansion and Client Acquisition

    Read Article
    January 17, 2021

    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 information

    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 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. 115

    Equality Asset Management
    Tara Ciongoli (tciongoli@equalityam.com) – 617.290.2510
    Beatrice Broderick (bbroderick@prosek.com) – 857.301.6949

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