VIENNA, Va., and CHESAPEAKE, Va., April 23, 2019 /PRNewswire/ -- Aldrich Capital Partners (ACP), a Virginia-based growth equity firm, announced today it has invested $40M in Decisions LLC, a leading provider of no-code business rule and process automation software headquartered in Chesapeake, Va.
Decisions and ACP have a shared vision for the future of the company: to ensure continued growth and development of new products and services.
"ACP invested in Decisions because it is an innovative, founder-run company poised to scale rapidly as it provides disruptive, technology-enabled solutions to its customers. As it grows both here and abroad, Decisions can leverage our extensive relationships, scaling know-how and advisory network within the enterprise technology ecosystem," said Aldrich Capital Partners Founding Partner, Mirza Baig.
ACP is known as "the entrepreneurs behind the entrepreneur," and has a successful track record of investing and building organizations. Baig and Raz Zia, its founders, have helped private companies attain their growth objectives by tapping into a set of resources, its knowledge base, and a network of relationships designed to help companies scale.
"After bootstrapping Decisions for a number of years, we evaluated a large number of potential partners. We selected ACP because of the ability to work directly with a team that has demonstrated the ability to scale businesses - both ones the ACP partners founded and ones they have invested in. Businesses are turning to process automation, business rules and machine learning to increase productivity - Decisions, with ACP help, is poised to continue its leadership in these segments," said Carl Hewitt, Founder of Decisions.
About Aldrich Capital Partners
Aldrich Capital Partners supports disruptive innovation in healthcare IT, fintech, and application software by investing equity capital in privately held growing companies. Founded by experienced investors and operators, who were also successful entrepreneurs, the founders of Aldrich Capital have been responsible for over $1 billion in technology investments since 1999. Both an operations partner and board-level advisor, ACP brings its portfolio companies strategic insight and access to a broad network of relationships built over 50 combined years of entrepreneurship and investing. Aldrich Capital Partners was founded in 2014 and has offices in Silicon Valley and the Washington, DC metro area. www.aldrichcap.com.
About Decisions, LLC
Decisions is a leading provider of business automation and business rule software, headquartered in Chesapeake, Va. It was founded in 2010 by Carl Hewitt to provide technology for automating key business processes, workflows and rules while making the rules and the logic accessible to non-programming staff. Decisions technology is deployed as the basis of multiple commercial applications in healthcare, life sciences, finance, logistics, and operations software. It is used directly by companies on almost every continent, ranging from small/mid-size companies to many Fortune 500 corporations. www.decisions.com
Media contact: Nadia Singh, Verasolve, [email protected] (301) 502-0823
SOURCE Aldrich Capital Partners