Nashville, Tenn. May 12, 2015 – Ncontracts, the nation’s leading provider of vendor compliance and contract management software and services, announced it has secured a significant growth equity investment from Mainsail Partners. Mainsail Partners is a San Francisco-based growth equity firm focused on investing in rapidly growing and profitable companies.
“We are very pleased to announce this important milestone in our company’s growth plan,” said Michael Berman, CEO and founder of Ncontracts. “Vendor management and compliance are hot button issues, especially for financial institutions. Organizations need to manage new and changing risks arising from constantly evolving regulations and emerging technologies and services. The combination of Mainsail’s company-building experience and the infusion of growth capital will allow us to accelerate innovation, continue to deliver best-in-class products and services for our customers, and power the next phase of growth for Ncontracts.”
Ncontracts offers its customers a combination of SaaS software and compliance services, which allows them to streamline a very labor intensive process and mitigate operational risk. The company plans to use the growth capital to grow its product development, compliance services and sales and marketing teams, as well as to pursue potential acquisitions. Ncontracts marks Mainsail’s second investment in the greater Nashville metropolitan area in the last year.
“Ncontracts’ software and compliance services are guided by an exceptional executive leadership team. The company has proven it is a trusted partner of bank and credit union executives throughout the country,” said Stephen Wolfe, a partner at Mainsail Partners.
To learn more about Ncontracts’ solution, visit www.ncontracts.com or call (888) 370-5552.
About Ncontracts
Ncontracts® is a leading provider of vendor and contract management services for the financial institution industry. Ncontracts combines turnkey vendor management services with a comprehensive and fully-customizable vendor and contract management SaaS platform. Insightful summaries of vendor contracts and alert notifications assist clients in proactively managing vendor relationships. Together, these services and features give clients the ability to reduce expenses, enhance profitability, and improve internal efficiencies.
About Mainsail Partners
Mainsail Partners is a leading growth equity firm that invests exclusively in bootstrapped, growing and profitable companies. The San Francisco-based firm has a team of experienced operating professionals to help outstanding entrepreneurs scale their businesses and accelerate growth. Mainsail’s recent investments include nCourt, Netchemia, Paylease, Playmaker CRM, Steelwedge and Zen Planner. The firm has raised nearly $400 million in committed capital. For further information, please visit www.mainsailpartners.com.