Ridgemont Equity Partners Announces Growth Investment in Softdocs

CHARLOTTE, NC – (BUSINESS WIRE) – Ridgemont Equity Partners, a mid-market private equity investor, today announced a growth investment in Softdocs, a provider of enterprise content management (ECM) software for the higher education and K-12 markets. The partnership with Ridgemont enables Softdocs to expand its market reach and enhance its SaaS-based offering. The financial terms of the transaction were not disclosed.

Founded in 1998 by Mike Murphy, Softdocs offers ECM software solutions that enable customers to electronically scan and manage content, deploy electronic forms compatible with mobile devices and automate time-consuming workflows. As technology becomes increasingly critical to the operations of institutions and districts, the ability to manage content digitally on an ongoing basis using cloud-based technology across the enterprise becomes even more valuable.

“We are excited about partnering with Ridgemont as our first institutional investor and excited about the next chapter for Softdocs,” said Softdocs founder Mike Murphy. Robert Satcher, EVP at Softdocs, added: “Ridgemont has a long history of working alongside founders and management teams, and we plan to leverage his vast experience helping similar companies scale and accelerate growth. We are proud of the business we have built over the past 22 years and we are aligned with Ridgemont on how to expand our platform, increase our value to customers and achieve our vision for Softdocs. ”

“Today, educational institutions are interacting digitally at a level never seen before. These communities require the ability to manage and share information seamlessly with all stakeholders, whether on campus or online, prioritizing accessibility, security and compliance, ”said Anthony Cassano, Ridgemont partner. Seth Peck, Director of Ridgemont, added: “The Softdocs team has achieved 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 that lies ahead. ”

Raymond James served as financial advisor for Ridgemont and Vista Point Advisors served as financial advisor for Softdocs. Alston & Bird LLP and Nelson Mullins Riley & Scarborough LLP served as legal advisors to Ridgemont and Softdocs, respectively.

About Softdocs

Softdocs develops document management, electronic forms, workflow automation and print personalization solutions for the higher education and K-12 markets. The company’s Etrieve platform and complementary solutions allow institutions to work more efficiently, communicate more effectively and collaborate more freely. With a focus on education and in compliance with SOC 2 Type I and II, Softdocs is a trusted partner for almost 700 organizations. Softdocs is headquartered in Columbia, South Carolina.

About Ridgemont Equity Partners

Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, Ridgemont directors have invested more than $ 5 billion. The company focuses on capital investments of up to $ 250 million and uses a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont’s most recent fund, REP III, was formed in 2018 and has $ 1.65 billion in committed capital. www.ridgemontep.com