Revolutionizing Digital Investigations with Penlink’s Advanced Solutions
Washington, DC, Feb. 11, 2025 (GLOBE NEWSWIRE) — Penlink proudly announces the latest evolution of its flagship product, CoAnalyst, marking a transformative leap in digital intelligence. Now powered by Agentic AI, CoAnalyst automates complex investigative workflows, enhances operational efficiency, and delivers deeper, more precise intelligence—setting a new industry standard for digital intelligence solutions.
Transforming Investigations with AI Agents
The new evolution of CoAnalyst introduces new capabilities using AI agents, empowering organizations to achieve automated data analysis workflows. By reducing the burden of manual work and enhancing decision-making accuracy, it allows teams to focus on high-priority objectives and uncover critical insights faster than ever before.
“With this leap in technology, CoAnalyst is redefining what’s possible in digital intelligence,” said Udi Levy, Chief Product Officer at Penlink. “By harnessing the power of self-directed AI, we’re enabling organizations to address investigative challenges with unparalleled speed, efficiency, and reliability.”
CoAnalyst’s Agentic Features at a Glance
The latest enhancements to CoAnalyst bring a host of automated capabilities, including:
These capabilities are supported by CoAnalyst’s hallmark strengths in semantic search, insightful summaries, and advanced data visualizations, now augmented by AI-driven decision-making support.
Driving Efficiency and Empowering Investigators
With AI-driven intelligence, CoAnalyst improves precision by ensuring accurate, context-aware outcomes at every phase of analysis and investigations. Additionally, it streamlines workflows, accelerating the identification and mitigation of risks for faster case resolutions.
“CoAnalyst is not just a tool; it’s a transformational partner,” said Peter Weber, Penlink CEO. “With agentic AI at the helm, we’re empowering organizations to redefine their workflows and unlock new levels of efficiency and insight.”
As data analysis grows increasingly complex, Penlink remains committed to equipping organizations with the tools they need to stay ahead. The latest advancements reflect Penlink’s dedication to innovation, ensuring its customers can confidently navigate the evolving landscape of digital intelligence challenges.
About Penlink
Penlink, the leading authority in digital intelligence, provides seamless integration of open-source intelligence and digital evidence to law enforcement, national security, defense, and enterprises. Penlink leverages broad-spectrum AI capabilities to enable end-to-end digital investigations and threat monitoring. Comprehensive data intelligence ensures the rapid and efficient identification of leads and crucial connections in complex investigations. Penlink proudly represents innovation and ingenuity. Headquartered in the U.S. with global offices, Penlink is honored to support agencies and organizations around the world, empowering them with safety and security.
New York, NY (Nov. 11, 2024) – Spire Capital Partners (“Spire Capital” or “Spire”), a leading private equity firm with an investment focus in companies within the technology-enabled business services, media, communications and education sectors, announced that it has closed on the sale of PROtect (the “Company”), one of the nation’s fastest growing, tech-enabled testing, inspection, certification & compliance businesses of scale. Financial terms were not disclosed.
During Spire’s six-year investment, PROtect demonstrated strong and sustained organic growth by diversifying its end markets, expanding its geographic footprint, and adding new lines of service. The Company developed a recruitment and retention platform that built a best-in-class employee base of over 550, who were directly engaged with customers and contributed significantly to customer satisfaction.
Alongside its organic growth, PROtect also successfully completed and integrated five acquisitions, including the transformative acquisition of DBI, Inc. and strategic tuck-in acquisitions of BLOC Environmental, RCS Consulting, Houston Integrity Consultants, and Testmasters. These acquisitions accelerated PROtect’s service and geographic expansion while adding specialized software capabilities to its solution suite.
“Nathan VanderGriend has guided PROtect through remarkable expansion, establishing the Company as a preeminent provider in the industry,” stated Bruce Hernandez, founding partner at Spire Capital. “The collective efforts of the entire PROtect team have been crucial to the Company’s achievements and working with such a skilled and dedicated group has been truly rewarding.”
“We are incredibly proud of what we’ve achieved with Spire’s partnership,” said Nathan VanderGriend, CEO of PROtect. “The team at Spire was crucial in providing the financial and strategic support we needed to meet our objectives. We’re deeply thankful for all their efforts and their significant contributions to our success. It’s been an amazing journey together over these past six years.”
Brad Johnson, principal at Spire, remarked, “PROtect has distinguished itself as a standout in the industry through operational excellence. With Nathan at the helm, the team has seamlessly executed key strategic initiatives that have established the Company as industry leaders. We are eager to see their continued success in the years ahead.”
Houlihan Lokey acted as exclusive financial advisor to Spire Capital and PROtect. Dentons served as legal counsel to Spire Capital and PROtect.
About Spire Capital Partners
Spire Capital Partners (https://www.spirecapital.com/) is an active and experienced private equity firm with an investment focus on small market companies within the technology-enabled business services, media, communications, and education sectors. Spire Capital Partners was founded on the principle of partnering with management teams and founders to help effectuate the next stage of growth for their companies. Spire professionals have a broad range of operating, investing, and advisory experience that they leverage to help portfolio companies accelerate their growth, guide their strategic direction, and execute their business plan. Spire Capital Partners is a New York-based investment advisor registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
About PROtect
PROtect is a leading provider of safety, reliability and compliance serving companies in several essential industries including chemicals, food & beverage, midstream energy, pharmaceutical, power generation, refining, and renewables. PROtect provides a range of services all centered around helping our customers manage operational risks including advanced and conventional non-destructive testing (NDT), mechanical integrity, pipeline integrity, environmental, industrial hygiene, safety process safety engineering, rope access and leak detection and repair, and benzene waste operations. PROtect is a team of highly trained, certified, and experienced professionals who are strategically located to efficiently serve our customers with a noticeably different commitment to partnership and service delivery. For more information, please visit www.protect.llc.
For inquiries, please contact:
Brad Johnson, Principal
Spire Capital Partners
bjohnson@spirecapital.com
212-218-5470
Spire Capital Management, LLC (“Spire”) is a New York-based investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. The Funds managed by Spire are unregistered, privately offered funds. Spire does not solicit or make its services available to the public or other advisory clients. This press release is intended solely to provide information regarding Spire’s potential capabilities for prospective portfolio companies and is not an offer to sell to any person, or a solicitation from any person of an offer to buy, any securities. This is not considered an advertisement of the advisory services of Spire nor an offer to provide new advisory services.
Meehan to serve as innovation catalyst for the leading vendor access and credentialing software
Clearwater, FL – August 26, 2024 – Green Security LLC, a leading provider of SaaS healthcare compliance and access management solutions, is thrilled to announce the appointment of Mickey Meehan as Chief Executive Officer. Meehan brings a wealth of experience in healthcare, software, and innovation, making him the ideal leader to drive the company’s growth and expansion.
With a distinguished career in healthcare SaaS, Meehan possesses an in-depth understanding of complex regulatory landscapes and healthcare ecosystems. His expertise in software product development and a proven track record of innovation align seamlessly with Green Security’s mission to deliver unparalleled SaaS security solutions.
Green Security’s software provides credentialing for non-employee individuals who are seeking access to health systems and hospital facilities. Green Security’s cutting edge platform is trusted by healthcare facilities to safeguard patients and staff, secure facilities and meet regulatory and accreditation requirements for prominent health systems, including Mayo Clinic, Mass General Brigham, Baptist Health, Ochsner Health, Sentara Health, Tampa General Health, Barnes-Jewish Health, and Sutter Health.
“We are excited to welcome Mickey to the Green Security team,” said Sean White, Partner at Spire Capital, an investment partner of Green Security. “His leadership, software experience, and industry knowledge will be instrumental in propelling our company to new heights and solidifying our position as a leading provider of automated enterprise access software.”
Meehan has spearheaded transformative initiatives throughout his career, including a pivotal role as Group Vice President, Technology & Sourcing in scaling the indirect spend sourcing and technology business for Premier Inc. His strategic acumen and ability to drive operational excellence are instrumental in Green Security’s continued pursuit of market leadership.
“I am honored to join Green Security and contribute to its continued success,” said Meehan. “The company’s commitment to safeguarding healthcare facilities aligns perfectly with my passion for improving employee and patient safety and operational efficiency. Our development roadmap is promising, and I look forward to collaborating closely with the team to continue delivering exceptional customer service and drive innovation. Together, we will redefine and elevate the industry standard for automated access compliance solutions.”
About Green Security LLC
Green Security is a leading provider of enterprise access compliance and safety solutions for the healthcare providers, creating a safe and secure visitor environment, while efficiently managing visits from more than 120,000 approved vendors representatives across more than 130 healthcare systems representing more than 1,500 facilities across the United States. Their innovative platform automates vendor background checks and access management, ensuring that only authorized personnel can enter healthcare facilities. By elevating security standards and streamlining processes, Green Security empowers healthcare organizations to protect patients, staff, and facilities while maintaining operational efficiency.
About Spire Capital
Spire Capital Management, LLC (“Spire”) is a New York-based investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. The Funds managed by Spire are unregistered, privately offered funds. Spire does not solicit or make its services available to the public or other advisory clients. This press release is intended solely to provide information regarding Spire’s potential capabilities for prospective portfolio companies, and is not an offer to sell to any person, or a solicitation from any person of an offer to buy, any securities. This is not considered an advertisement of the advisory services of Spire nor an offer to provide new advisory services.
Media Contact
Kim Peterson, Public Relations, kim.peterson@kp-communications.com
Solution to combat modern challenges in digital investigations
WASHINGTON (April 18, 2024) – PenLink, the leading authority on AI-powered digital intelligence for the law enforcement, national security, and defense sectors, is introducing the market to an integrative and unified solution for digital evidence and open-source intelligence.
In today’s dynamic digital landscape, investigative teams are tasked with sifting through vast amounts of digital evidence and open-source data, gathering insights from a multitude of sources to effectively solve complex cases. The sheer complexity and volume of data requires a comprehensive and scalable approach to reveal valuable insights and hidden connections to streamline these complex investigations. To help simplify the analysis of evidentiary and intelligence information, PenLink is developing its innovative digital intelligence platform.
A Single Pane of Glass for Evidence and Intelligence
PenLink’s new integrative capabilities are designed to aid criminal investigations, security and intelligence operations by combining evidence and forensics data with open-source information. This new integration will automatically ingest data from multiple communication channels, mobile forensics, internet-based communications, financial records and web intelligence.
“This development signifies the beginning of a new era for the digital intelligence industry. A significant milestone, PenLink is proud of the development work to integrate digital evidence, forensics and open-source data under a single pane of glass,” said Peter Weber, CEO of PenLink.
“This innovation will provide organizations worldwide the opportunity to streamline case management workflows, automatically ingest hundreds of different formats and discover insights critical to solving complex investigations,” added Weber.
AI and Machine Learning at the Core
At the heart of PenLink’s technology is its advanced AI and machine learning capabilities. By enabling comprehensive AI-powered analytics, organizations can accelerate the responses needed to quickly solve complex cases.
PenLink has meticulously embedded the variety of advancements in AI technology – from descriptive to generative – made over recent years into its platform, providing users the ability to uncover hidden patterns and connections within massive data sets while facilitating rapid insight discovery and enhancing threat detection.
By developing a streamlined solution to combatting contemporary investigative challenges, PenLink remains dedicated to ensuring that organizations can operate with confidence in a reliable, scalable and comprehensive platform.
For more information about PenLink, visit https://www.penlink.com/.
About PenLink
PenLink, the leading authority in digital intelligence, provides seamless integration of digital evidence, open-source intelligence, and data analytics for law enforcement, national security and defense sectors. By leveraging broad-spectrum AI capabilities, PenLink accelerates end-to-end digital investigations and revolutionizes threat monitoring efforts.
Proudly representing innovation and ingenuity, PenLink’s comprehensive data intelligence ensures the rapid and efficient identification of leads and crucial connections in complex investigations. Headquartered in the U.S. with offices across the globe, PenLink is honored to support agencies and organizations and empower safety and security worldwide.
Source: Police1.com
Company unveils solution to simplify complex investigative challenges
WASHINGTON, DC, May 29, 2024 (GLOBE NEWSWIRE) — PenLink, the foremost authority in AI-powered digital intelligence and open-source intelligence for the law enforcement, national security and defense sectors, introduced today its latest advancement in generative AI technology – the groundbreaking CoAnalyst™ platform.
In an era where digital intelligence plays a critical role in investigative operations, the demand for advanced, intuitive technologies is significant. There is an unmet need for platforms that leverage generative AI to simplify complex investigations and operations, saving time and creating efficiencies. New, disruptive generative AI technologies can help analysts perform complex tasks in ways that save time and uncover deeper insights from the data.
Because of that need, PenLink is proud to introduce CoAnalyst, a cutting-edge generative AI solution tailored for the specialized needs of the public sector and private organizations’ security teams. It combines a sophisticated AI engine with robust data processing capabilities to understand and analyze complex queries. It uses intuitive natural language inputs to swiftly search and analyze data, streamlining investigations and operations.
“We have always harnessed the latest AI technologies in our software platform,” said Udi Levy, Chief Product and Strategy Officer at PenLink. “In recent years, we’ve witnessed a rapid AI evolution, shifting from descriptive AI to generative AI, from classification to creation. After significant investment in research and development with large language models, we’re introducing CoAnalyst.”
CoAnalyst is designed to partner with analysts and investigators, engaging with their data to develop analytical insights with quick precision. The solution can scale to meet growing data demands while maintaining high performance. Its advanced capabilities leverage PenLink’s digital intelligence platform, which already ingests data from structured and unstructured sources such as web content, digital information, documents and forensics data. Now, with CoAnalyst, digital analytics are revolutionized. The solution provides deep insights, recognizes hidden patterns, finds data anomalies and conducts risk assessments.
“As the world becomes more connected, and the volume of data continues to grow exponentially, public sector organizations need new digital tools to make better informed decisions. PenLink’s CoAnalyst is such a tool.” said Kirk Arthur, Worldwide Government Solutions Lead at Microsoft. “By leveraging the capabilities of Microsoft’s Azure Services, CoAnalyst allows for vast amounts of data to be reviewed and analyzed at the speed of thought.”
“This AI-powered analytics platform will transform digital intelligence and signifies a new era for investigative technology,” said Peter Weber, Chief Executive Officer at PenLink. “We are proud to release CoAnalyst into the market at a time when generative AI will transform the way investigators and analysts work. This extends our commitment to help them be more efficient, maximizing resources and investments in technology.” For more information about PenLink, visit https://www.penlink.com/.
About PenLink
PenLink, (https://www.penlink.com/) the leading authority in digital intelligence, provides seamless integration of open-source intelligence and digital evidence for law enforcement, national security and defense sectors. PenLink leverages broad-spectrum AI capabilities to enable end-to-end digital investigations and threat monitoring. Comprehensive data intelligence ensures the rapid and efficient identification of leads and crucial connections in complex investigations. PenLink proudly represents innovation and ingenuity. Headquartered in the U.S. with global offices, PenLink is honored to support agencies and organizations around the world, empowering safety and security.
WatchMeGrow is a SaaS technology company providing security, compliance, secure video and business intelligence to education, student enrichment, pet care and other enterprise sectors.
New York, NY and Lacey, WA – May 29, 2024 – Spire Capital Partners announced a partnership and strategic growth investment in WatchMeGrow (“WMG”). WMG is a leading SaaS technology company providing security, compliance, business intelligence, analytics and secure video software to education, student enrichment, pet care and other enterprise sectors.
Founded in 1998, WatchMeGrow’s software provides a secure SaaS platform including modules for safety, compliance, business intelligence/analytics, secure video and real-time monitoring. When WMG was founded, the software platform initially provided early childhood education operators with a software suite for secure video and business intelligence. WMG has expanded its offerings over time to include additional safety, compliance, and analytics tools utilizing AI to focus on school safety and transparency. Today, early childhood education operators utilize WMG’s platform to optimize learning environments. WMG’s core focus is on the education market and has also recently expanded its platform to provide similar services for the student enrichment operators, pet care and other enterprise sectors. WMG has partnered with and provides services to nearly 3,000 locations across the United States.
“We are excited to partner with Spire Capital in our next chapter of growth,” said John Lewison, CEO of WatchMeGrow. “We met the Spire team nearly 5 years ago and we believe their combination of extensive experience in the technology services and education verticals to be a perfect fit to be our strategic partner. We have ambitious new offerings we plan to launch as we continue to expand our platform to provide more security, compliance and safety tools to our clients in education, student enrichment and pet care sectors and believe Spire will provide invaluable insight to our team as we continue to innovate for our clients.”
“We are honored to partner with John and the WatchMeGrow team to continue on this exciting growth story,” said David Schaible, Partner at Spire Capital. “WatchMeGrow is an innovative software company providing tools for greater safety, security, compliance and analytics for the education vertical and additional markets. The team has built a leading platform that will continue to be enhanced with additional tools and analytics and we look forward to our partnership with WMG in its next chapter.”
VedderPrice served as legal counsel to Spire Capital.
About WatchMeGrow
WatchMeGrow, founded in 1998, is a leading SaaS technology company providing security, compliance and video software to education, student enrichment, pet care and other enterprise sectors. WatchMeGrow’s SaaS platform provides secure video, monitoring, business intelligence and analytics to operators that creates greater security, transparency, safety and compliance for client campuses and locations. To learn more, visit: https://watchmegrow.com.
About Spire Capital
Spire Capital Partners (https://spirecapital.com/) is an active and experienced private equity firm with an investment focus on small market companies within the technology-enabled business services, media, communications, and education sectors. Spire Capital Partners was founded on the principle of partnering with management teams and founders to help effectuate the next stage of growth for their companies. Spire professionals have a broad range of operating, investing, and advisory experience that they leverage to help portfolio companies accelerate their growth, guide their strategic direction, and execute their business plan. Spire Capital Partners is a New York-based investment advisor registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
Media Contact:
David Schaible
Spire Capital Partners
dschaible@spirecapital.com
A proprietary SaaS provider of credentialing and access management to the leading healthcare systems across the U.S.
Clearwater, FL – April 24, 2024 – Green Security, a leading provider of SaaS healthcare compliance and access management solutions, announced a majority growth investment, led by Spire Capital and Strattam Capital.
Founded by CEO Shawn Fitzgibbons, Green Security’s software provides credentialing for non-employee individuals who are seeking access to health systems and hospital facilities. Health care administration uses Green Security to create a safe and secure visitor environment, while efficiently managing visits from more than 60,000 approved vendors across more than 100 healthcare systems representing more than 800 facilities across the United States. Green Security delivers its SaaS platform to prominent health systems, including Mayo Clinic, Mass General Brigham, Baptist Health, Ochsner Health, Sentara Health, Tampa General Health, Barnes-Jewish Health, and Sutter Health. The Company’s SaaS platform delivers configurable security and access control across all non-employees, including facilities and construction contractors, sales representatives, and patient visitors. Green Security’s differentiated platform helps healthcare facilities safeguard patients and staff, secure facilities and meet regulatory and accreditation requirements.
“This new investment will allow Green Security to expand to meet the growing customer demand for its innovative platform,” said Sean White, Partner at Spire Capital. “We are excited to partner with Founder & CEO Shawn Fitzgibbons and his team as they drive further adoption of this important security and safety offering.”
“Securing this investment from our new private equity partners is not just a validation of our vision, but a catalyst for growth,” said Shawn Fitzgibbons, Founder and CEO, Green Security. “This partnership marks the beginning of an exciting new chapter where growth and progress take center stage.”
“In this post-COVID era, health care providers are partnering with technology partners to meet the new challenges they face,” said Bob Morse, Co-Founder and Managing Partner, Strattam Capital. “We could not be more excited to help bring the Green Security solution to a wider audience, to solve a growing range of challenges to facility security and access.”
Triple Tree, Inc. served as the exclusive financial advisor to Green Security. VedderPrice served as legal counsel to Spire Capital and TPG Twin Brook Capital Partners provided debt financing.
About Green Security
Green Security is a leading, SaaS-based healthcare compliance and access management platform addressing regulated credentialing and required workflows for all non-employee populations needing access to healthcare facilities, including vendors, contractors and visitors. To learn more, visit: https://www.greensecurityllc.com/.
About Spire Capital
Spire Capital Partners (https://www.spirecapital.com/) is an active and experienced private equity firm with an investment focus on small market companies within the technology-enabled business services, media, communications, and education sectors. Spire Capital Partners was founded on the principle of partnering with management teams and founders to help effectuate the next stage of growth for their companies. Spire professionals have a broad range of operating, investing, and advisory experience that they leverage to help portfolio companies accelerate their growth, guide their strategic direction, and execute their business plan. Spire Capital Partners is a New York-based investment advisor registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
About Strattam Capital
Strattam Capital invests in founder-led, independent B2B software technology companies across North America. They believe in aligning with founders and CEOs before signing, via our Five-Point Plan process to allow execution with purpose, excitement, and efficiency. With offices in Austin and San Francisco, Strattam connects companies with the people, process, and scale needed to reach their potential. For more information, please visit Strattam.com.
New York, NY – March 5, 2024 – PenLink (“PenLink” or the “Company”), one of the leading AI-powered digital evidence and intelligence platforms driving real-time, actionable data for law enforcement, national security, and defense sectors both domestically and internationally, today announced that Peter Weber, formerly CEO of Carpathia and Curvature, has been appointed Chief Executive Officer. Mr. Weber had been serving on the Company’s Board of Directors and as an operating partner at Spire Capital for the previous two years. Peter Weber succeeds Kevin Pope, PenLink’s former CEO, who will transition to a Board Advisor.
Peter Weber has over 30 years of experience growing businesses and driving financial performance across global, technology organizations. Prior to PenLink, Peter founded SevenSpace (acquired by Sun Microsystems in 2005), served as CEO of Carpathia (acquired by QTS in 2015), and CEO of Curvature. He has a deep understanding of PenLink’s business, operations, and culture from his experience on the Company’s Board of Directors since early 2022. Mr. Weber is a notable executive in the technology sector having previously served as a Board Member / Advisor for Spire Capital Partners, LightEdge Solutions, and Dynamic Quest. Mr. Weber has a BA from the University of Massachusetts Amherst and a Master of Business Administration from Harvard Business School.
“Peter is a proven leader and his experience aligns perfectly to lead PenLink in its next chapter of accelerated global growth and innovation,” said Sean White, Board Chair of PenLink. “This appointment ensures that PenLink is best positioned to deliver increased value to all stakeholders going forward as Peter will apply his leadership alongside this outstanding team. Mr. Pope successfully led PenLink for 17 years, expanded the Company’s software suite to provide services globally, and grew revenue significantly under his leadership. We are grateful to Kevin Pope for his contributions to the Company.”
“I am honored to serve as the CEO of PenLink and to partner with our talented team to lead PenLink in its next era of accelerated growth, adoption, and expansion to serve our partners. Over the last two years, I have had the enviable position to serve as a Board Member. I am excited to partner with each member of PenLink and seek to lead the organization to seize on the opportunity to lead our accelerated global growth, product suite innovation, and serve our partners with the best AI-powered digital evidence and intelligence platform,” said Peter Weber.
“Building PenLink over the past 17 years has been one of the most rewarding experiences of my life,” relayed Kevin Pope. “I joined PenLink in 2008 when we only had 20 employees and, today we have grown to have over 1,000 customers on six continents. I am proud of the talented team we have built, and the relationships we have made and look forward to continuing as an Advisor to the Company as it continues its rapid ascension as the top-tier digital intelligence and cyber solutions provider globally. Peter Weber is a fantastic CEO, joining a very talented team and I look forward to seeing them continue to grow this amazing company.”
About PenLink
PenLink (https://www.penlink.com/) the leading authority in digital intelligence, provides seamless integration of open-source intelligence and digital evidence for law enforcement, national security, and defense sectors. PenLink leverages broad-spectrum AI capabilities to enable end-to-end digital investigations and threat monitoring. Comprehensive data intelligence ensures the rapid and efficient identification of leads and crucial connections in complex investigations. Founded in 1986, PenLink proudly represents American innovation and ingenuity. Headquartered in Lincoln, Nebraska, U.S.A., PenLink is honored to support agencies around the world in their effort to keep safe the places we call home.
About Spire Capital
Founded in 2000, Spire Capital (https://spirecapital.com) is a private equity firm focused on lead and control investments in middle market companies within the technology-enabled business services, media, education, and communications sectors. Spire Capital leads buyout investments in its areas of expertise and believes its deep industry experience and network of relationships are invaluable in helping its portfolio companies grow and create value.
JANUARY 2024 – Brad has been an integral part of our team since joining in 2017, and his dedication, expertise, and hard work have played a significant role in the success of Spire Capital. In his new role as Principal, Brad will continue to leverage his investment experience to source transactions, execute new investments, and manage portfolio company investments. Brad is currently active with Spire Capital portfolio companies: PROtect, The Inception Company and Vector Media.
Since its founding in 2000, Spire Capital has been at the forefront of lead and control investments in middle-market companies within the technology-enabled business services, media, education, and communications sectors. As a private equity firm, Spire Capital specializes in buyout investments, drawing on its deep industry experience and a vast network of relationships to assist portfolio companies in growing and creating value.
Brad’s promotion reflects not only his individual accomplishments but also the strength and growth of our team as a whole. We are confident that with the help of Brad’s contributions, Spire Capital will continue to thrive and provide outstanding returns for our investors.
Enterprise software and business leader Blake Tablak will continue the growth of Global Transportation Spend Management Solutions Provider
DALLAS, Aug. 14, 2023 (GLOBE NEWSWIRE) — Trax Technologies (“Trax” or “the Company”), the global leader in Transportation Spend Management (TSM) solutions, today announced the appointment of Blake Tablak as CEO. Tablak succeeds Hampton Wall, who will transition to the role of special advisor.
Tablak brings a proven track record of navigating complex market dynamics in enterprise software and leading businesses as they scale. In his most recent role at ProcessMAP, Tablak redefined the strategy and focus and led the company through a successful acquisition by Ideagen. He previously held global leadership positions at Udacity, Workiva, and Topia, where he was responsible for driving innovative go-to-market strategies to accelerate sales.
“I look forward to leading and accelerating the growth of this incredible organization,” said Tablak. “Trax is a global leader in helping customers unlock valuable freight audit and payment data insights to optimize costs and ensure compliance. The talented team here at Trax is adept at driving innovation, capitalizing on emerging opportunities, and delivering outstanding value to our customers, strategic partners, and stakeholders.”
“Blake has the perfect background and skill set to lead Trax through its next stage of growth,” said Sean White, Trax Board Member. “Trax’s software is mission-critical to our customers as supply chains become increasingly complex, and we feel Blake is attuned to our customers’ needs.”
“Blake is a proven executive with a track record of growing cloud-based software companies at scale. His appointment will continue to elevate Trax’s position as a market leader in Transportation Spend Management solutions,” said Bob Morse, Trax Board Member. “Blake’s vision is to deliver an increasingly valuable suite of logistics products to Trax’s customers, arming them with the tools to identify trends, make strategic cost decisions, and better manage their entire supply chain ecosystem.”
“The Board of Directors and the entire Trax executive team extend their heartfelt appreciation to Hampton Wall for his invaluable contributions to the company’s success and his efforts establishing the strategic investment by Triumph Bank,” said Dave Dawson, Trax Board Member.
This news follows the announcement that Trax will leverage the TriumphPay payments network to deliver fraud protection, automated payments, and funds security for transportation payments. TriumphPay is the premier payments network for freight brokers, factors, shippers, and carriers in the North America trucking industry.
About Trax Technologies
Trax is the global leader in Transportation Spend Management solutions. Trax elevates traditional Freight Audit and Payment with a combination of industry leading cloud-based technology solutions and expert services to help enterprises with the world’s more complex supply chains better manage and control their global transportation costs and drive enterprise-wide efficiency and value. With a global footprint spanning North America, Latin America, Asia and Europe, Trax delivers data-based visibility and insights, higher savings and better control of transportation spend for shippers and 3PLs/4PLs of all sizes. For more information, visit www.traxtech.com.
About Strattam Capital
Strattam Capital invests in founder-led, independent, B2B software technology companies outside of Silicon Valley. Headquartered in Austin, Texas, we connect companies with the people, process, and scale needed to reach their potential. We believe in aligning with founders before signing, via our Five-Point Plan process, to allow execution with purpose, excitement, and efficiency. For more information, please visit Strattam.com.
About Spire Capital
Spire Capital is an active and experienced private equity firm with an investment focus in middle market companies within the technology-enabled business services, media, communications and education sectors. Spire Capital was founded on the principle of partnering with management teams and founders to help effectuate the next stage of growth for their companies. Spire professionals have a broad array of past operating, investing and advisory experiences they leverage to help portfolio companies accelerate growth, guide strategic direction and execute their business plan. Spire Capital is a New York-based investment advisor registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
Spire Capital Management, LLC is a New York-based investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. The Funds managed by Spire are unregistered, privately offered funds and are comprised only of private equity investments. Spire does not solicit or make its services available to the public or other advisory clients. This press release is intended solely to provide information regarding Spire’s potential capabilities for prospective portfolio companies and is not an offer to sell to any person, or a solicitation from any person of an offer to buy, any securities. This is not considered an advertisement, testimonial or endorsement of the advisory services of Spire Capital Management, LLC nor an offer to provide new advisory services.
MEDIA CONTACT
Leah R. H. Robinson, APR
LeadCoverage
leah@leadcoverage.com