April 9, 2014 | by Iris Dorbian
MicroPact has received funding from Enlightenment Capital. No financial terms were disclosed. Based in Herndon, Virginia, MicroPact is a provider of case management and business process management solutions.
Chevy Chase, MD – April 7, 2014: Enlightenment Capital, an aerospace, defense, and government-focused investment firm based in the Washington, DC area, announced that it has made a strategic investment in MicroPact, Inc., a leading developer of dynamic case management and business process management ("BPM") software solutions for federal and commercial customers. In addition to the investment, Enlightenment will serve as a strategic partner for the business going forward. Financial terms of the transaction were not disclosed.
Based in Herndon, VA, MicroPact specializes in the development of case management and BPM software solutions that increase organizational efficiency and improve outcomes by accelerating access to critical data and facilitating collaborative decision making in a wide range of business processes, including those related to compliance with civil rights and workers' compensation laws, tracking of legal cases and law enforcement investigations, labor and employee relations, personnel security, and a variety of other areas.
MicroPact's software is currently used by 97% of federal agencies that have more than 500 employees and a growing list of Fortune 500 and international companies. The company has recorded a compound annual growth rate of 33% over the last five years as it continues to expand its reach into federal, state and local government as well as commercial and international markets.
"We are thrilled to partner with CEO Kris Collo and his team, as they have done an incredible job building an enterprise software business with deep customer relationships and a consistent track record of growth and innovation," said Devin Talbott, Managing Partner of Enlightenment Capital. "MicroPact's case management platform provides an excellent foundation for long-term growth given the increasing demand for technological tools that enhance government efficiency and reduce costs."
"We are enthusiastic about the growth opportunities that lie ahead for MicroPact. We look forward to supporting the team as it continues to build on its leading position in the federal sector and capitalizes on opportunities in adjacent markets by delivering best-in-class case management and BPM software," added Pierre Chao, Managing Partner of Enlightenment Capital.
"Enlightenment is an ideal partner for our company as we continue to execute on our growth strategy. They bring sector expertise and multiple levers of strategic support to the business at a critical time for our team and our industry," said Kris Collo, CEO and Founder of MicroPact.
MicroPact's entellitrak® takes a Data-First™ approach to dynamic case management and business process management and is available with fully integrated document management, natural language analytics, and mobile modules. Whether based on-premises or in the cloud, entellitrak can be implemented immediately and configured continuously, enabling customers to get to work quickly while keeping costs low. More than 200 federal agencies and organizations, as well as Fortune 500 companies, entrust their critical operations to entellitrak. For more information, visit www.entellitrak.com.
Enlightenment Capital, a Washington, DC-area based private investment firm, provides senior debt, mezzanine debt, and minority equity to small and mid-sized companies in the Aerospace, Defense & Government (ADG) sector. The firm partners with management teams, equity sponsors, and those businesses that provide vital services, protect critical infrastructure, innovate aerospace solutions, safeguard national security, and endeavor to meet the challenges of today and tomorrow. For more information, visit www.enlightencap.com.