Advantage Capital and Enhanced Capital Invest $2 Million in ARC Solutions, Inc.
WASHINGTON, Aug. 15 /PRNewswire/ -- Advantage Capital Partners and Enhanced Capital Partners have invested $2 million in ARC Solutions, Inc., an association management software company in Washington, D.C. The funds will be used to support continued growth. "Advantage and Enhanced Capital believe in the value of our True On-Demand product for member-based organizations and have given us the financial ability to ramp up our efforts to reach more customers and accelerate our business expansion," said Andrew Ryan, founder and chief executive officer of ARC Solutions. ARC Solutions provides Software-as-a-Service (Saas) solutions to member-based organizations. The software aims to address the special needs of these organizations with a fully integrated and comprehensive solution. The ARC Polaris(TM) platform is a highly configurable software program with more than 2 dozen different application modules, including membership, events, career center, accounts payable/receivable, and online store, among others. The program is designed to increase operational efficiency and member satisfaction by providing a user-friendly software package accessed via the Web. "ARC's software has several key advantages that place it well above its competitors as far as service to the AMS market, cost, ease of use and customizable options," said Doug Beekman, Advantage's principal in Washington. "We first invested in ARC Solutions in 2006 and knew from the beginning that it is a stellar company with an enormous growth potential." "The ARC team continues to develop industry leading software for the association market," said Tom Davidson, director of Enhanced Capital Partners. "This growth capital, along with the launch of the new Polaris platform, will solidify them as the leader in the space." The two firms' investment in ARC Solutions was made possible through the Washington, D.C., CAPCO program, a local economic development initiative designed to stimulate the flow of financial capital to early stage businesses, creating high paying jobs and increasing tax revenues across the district. About Advantage Capital Partners Advantage Capital (http://www.advantagecap.com) is a venture capital and private equity firm focused on early-stage companies and other investments supporting state and local economic development. With offices in Washington D.C., New Orleans and other cities, Advantage has raised more than $750 million in institutional private equity since 1992 and invested in companies located in geographic areas underserved by traditional venture capital. About Enhanced Capital Partners Enhanced Capital Partners LLC (http://www.enhancedcap.com) is a national investment firm specializing in state-specific investments in small and emerging companies with its private investment funds. Enhanced Capital seeks to achieve capital appreciation while adhering to a mandate tailored for a local investment approach. The company has established investment funds in Alabama, Colorado, Louisiana, New York, Texas and Washington, D.C.
SOURCE Advantage Capital Partners
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