Vantaca Receives Strategic Progress Funding from JMI Fairness to Gas Innovation
Firm Positioned for Additional Progress as Group Administration Business’s Rising and Revolutionary Main Software program Supplier
WILMINGTON, N.C., Sept. 27, 2022 /PRNewswire/ — Vantaca, a number one group administration software program, in the present day introduced it has obtained a strategic progress funding from JMI Fairness (“JMI”), a progress fairness agency centered on investing in main software program firms. With this funding, Vantaca will considerably speed up its progress, spend money on high expertise, and develop product improvements that keep Vantaca’s excessive buyer satisfaction.
“We now have taken a little bit of a non-traditional method to capitalization as a high-growth expertise firm,” stated Ben Currin, Vantaca CEO. “We patiently waited for the suitable time, with the suitable associate, to tackle an funding with a really particular set of parameters. In JMI, we’ve got discovered long-term companions who consider in investing in the neighborhood administration {industry} for the lengthy haul. We’re aligned on a shared outlook and assist of Vantaca’s imaginative and prescient to positively affect the group administration {industry} by way of innovation, partnership, and collaboration,” stated Currin. “We’re thrilled to harness the assets and insights they carry to the desk to drive larger worth for our purchasers and companions.”
Vantaca delivers important worth to its clients, enabling group administration firms to automate workflow throughout their operations, serving to them to drive progress, whereas concurrently growing working effectivity. JMI’s funding is a testomony to the power of Vantaca’s product platform, management, execution, and the super market alternative forward. JMI can be a minority shareholder, in partnership with the founders and administration group of Vantaca who keep majority possession.
“We’re excited to associate with Ben and the Vantaca group,” stated David Greenberg, Normal Associate at JMI. “Vantaca has rapidly change into the chief throughout the group administration {industry}, because of their deep {industry} area and dedication to product funding and buyer success. We’re thrilled to assist this group as they carry their imaginative and prescient for group to life.”
“Over the previous decade-plus, we’ve got noticed too usually the strategic missteps that a few of our legacy rivals have taken when bringing on extra funding,” stated Dave Sweyer, Founder. “These observations helped us construct a decent listing of parameters for an funding, and it has been clear in working with JMI this previous 12 months that they’re completely aligned with our imaginative and prescient.”
A two-time Inc. 5000 Quickest Rising Firms in America award recipient, Vantaca cites two key phrases internally related to this imaginative and prescient: innovation and progress. Vantaca’s dedication to this imaginative and prescient is underscored by its addition of quite a few key personnel. Particularly, Vantaca has added 59 full-time workers up to now in 2022, with almost half of these people working within the Product and Engineering group.
About Vantaca
Vantaca is the main group administration system, made for Affiliation Administration Firms and utilized by group managers, accountants, boards, and owners. The mobile-friendly, industry-leading software program reduces prices, streamlines administration workflows, will increase back-office productiveness, and offers full banking integration. With a nationwide presence, Vantaca was based in and stays headquartered in Wilmington, NC.
For extra data, please go to www.vantaca.com. For up-to-date information take a look at Vantaca’s weblog and comply with Vantaca on Linkedin.
About JMI Fairness
JMI Fairness is a progress fairness agency centered on investing in main software program firms. Based in 1992, JMI has invested in over 175 companies in its goal markets, efficiently accomplished over 110 exits, and raised greater than $7.5 billion of dedicated capital. JMI companions with distinctive administration groups to assist construct their firms into {industry} leaders. For extra data, go to www.jmi.com.
For extra data, press solely:
Vantaca:
Ben Currin, CEO
855-582-6822
[email protected]
JMI Fairness:
Will Braun / Owain Thorogood
Abernathy MacGregor
[email protected] / [email protected]
212-371-5999
SOURCE Vantaca LLC
