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