Enlightenment Capital, a Washington, D.C. area-based aerospace,defense & government (ADG) sector private investment firm, announced it invested earlier this month in MicroPact, Inc., a dynamic case and business process management (BPM) firm located in Herndon, Va.
Neither company disclosed financial terms for the deal but Enlightenment said in a press statement it will serve from now on as a strategic partner for MicroPact.
Devin Talbott, a managing partner at Enlightenment Capital, cited as reasons for the investment MicroPact’s track record providing companies with the tools necessary to increase their organizational efficiency in business processes including: tracking legal cases, labor and employee relations and facilitating collaborative decision making in the area of compliance with civil rights and workers’ compensation laws:
“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,” Talbott said. “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.”
Ninety-seven percent of federal agencies use MicroPact software and the company has witnessed a 33 percent compound annual growth rate during the past five years, according to the press statement.
“Enlightenment is an ideal partner for our company as we continue to execute on our growth strategy,” MicroPact CEO Kris Collo, the company’s founder, said of the transaction. “They bring sector expertise and multiple levers of strategic support to the business at a critical time for our team and our industry.”
The Herndon, Va.-headquartered BPM company doubled the size of its headquarters earlier this month. Access that coverage here.
