Waud Capital Partners Announces Next Chapter of Strategic Partnership with Software Veteran George Ahn

Waud Capital Partners and George Ahn extend nearly decade-long partnership, launching a new campaign to acquire and build a leading vertical software company

CHICAGO, Feb. 24, 2025 /PRNewswire/ -- Waud Capital Partners, a growth-oriented middle-market private equity firm, announced today the next chapter in its partnership with software executive and Operating Partner, George Ahn. The partnership will pursue its next platform investment in a vertical application software provider, building upon nearly 10 years of successful collaboration between Waud Capital and Mr. Ahn. Previously, Waud Capital and Mr. Ahn partnered to acquire and grow iOFFICE, a provider of workplace and asset management software, and Integrated Practice Solutions (IPS), a provider of retail health practice management and electronic health record software.

Mr. Ahn is an accomplished executive with over 30 years of software leadership experience, including division leadership at IBM, where he oversaw the Maximo and Tririga brands. Prior, Mr. Ahn led Tririga as CEO and held executive leadership positions at PeopleSoft, TIBCO and Siebel Systems. His experience spans a broad range of end markets, product categories, and stages of the corporate lifecycle, from growth-stage businesses to scaled private-equity-backed platforms to publicly traded multinational companies. Drawing from a deep, proven playbook, Mr. Ahn has consistently delivered shareholder value and built strong software businesses.

"Launching this new campaign with Waud Capital is tremendously exciting given all that we have accomplished to date," said Mr. Ahn. "The partnership that we have built and the results that we have achieved together over the last ten years are highlights of my career. I believe we have an exciting opportunity to leverage our combined experience to build a high-quality software business that will deliver lasting value for customers, team members and shareholders."

Prior accomplishments of Waud Capital's and Mr. Ahn's partnership include building IPS and its retail health practice management brands, ChiroTouch, RevolutionEHR, and ClinicSource, into a leading HCIT software platform. As CEO, Mr. Ahn executed a transformational organic & inorganic growth strategy enroute to a successful sale to PracticeTek, a portfolio company of Lightyear Capital. As Executive Chairman of iOFFICE, Mr. Ahn partnered with Waud Capital to oversee iOFFICE's transformation from a founder-led business to a high-growth, scaled platform for consolidation through investments in organic growth acceleration and three significant acquisitions. Waud Capital sold iOFFICE to Thoma Bravo, where it became a core piece of Eptura.

"Partnering with exceptional leaders like George is the foundation of our investment philosophy. We are dedicated to building lasting relationships with talented executives; our partnership with George is one of our firm's great success stories, and we are excited for this next chapter," said Matt Clary, Partner and Co-Head of the Software & Technology Group at Waud Capital.

Justin DuPere, Partner and Co-Head of the Software & Technology Group at Waud Capital, continued, "Over the past ten years, George has made such a positive impact on our firm and our portfolio. He has repeatedly built high-performing companies, and we've witnessed first-hand the results at both iOFFICE and IPS. We are excited to work together again to build on this success." 

"We are incredibly excited for this next campaign with George," added Scott Fischer, Principal at Waud Capital. "George has spent his career building and leading application software businesses that power their clients' most important assets and processes. He brings a demonstrated track record, a deep operational playbook, and an extensive network, which we believe positions us well to build a great business and achieve a fantastic result."

About Waud Capital Partners
Based in Chicago, Waud Capital Partners is a growth-oriented private equity firm with over 30 years of investing experience. Waud Capital seeks to partner with experienced management teams to build market-leading companies within two industries: healthcare and software & technology. Since its founding in 1993, Waud Capital has successfully completed more than 480 investments, including platform companies and follow-on opportunities. For additional information on Waud Capital, please visit www.waudcapital.com.

Investment Professional Contacts:
Matt Clary, Partner and Co-Head of Software & Technology Group
[email protected]

Justin DuPere, Partner and Co-Head of Software & Technology Group
[email protected] 

Scott Fischer, Principal
[email protected]

Business Development Contact:
Phil Olson, Partner
[email protected] 

Investor Relations Contact:
Jessica Schmitt, Head of Investor Relations
[email protected]

SOURCE Waud Capital Partners