Perceptis Secures $6 Million in Expansion Funding
Cleveland, OH (September 9, 2010) — Perceptis, Inc., the leading provider of help desk and customer support service to Higher Education, today announced that it has received $6 million in expansion funding from Frontier Capital. Frontier is a private equity firm providing growth equity to technology enabled business services companies.
Leading universities, colleges and community colleges rely on Perceptis' exceptional 24/7 support of IT, Financial Aid, Human Resources, Recruitment, Admissions, Enrollment, Retention, Facilities and General Switchboard. Founded in 2004, Perceptis has grown rapidly to service more than 100 institutions and 1.5 million end users. Frontier's investment will support expansion of sales, marketing and customer support resources together with futher enhancement of the company's data–driven solutions.
"Perceptis has consistently experienced exceptional growth. This can be attributed to the value delivered by our solutions, making us a trusted partner to a growing number of institutions seeking to deliver expanded service to their communities at a lower cost," said William Bradfield, Founder and Chief Executive Officer of Perceptis. "With this funding from Frontier Capital, we will be able to accelerate the introduction of additional solutions and build out service delivery as we increase the number of our customers."
"We have been very impressed with the evolution of Perceptis as it has brought innovative service solutions to the Higher Education market," said Michael Ramich, partner of Frontier Capital. "Now more than ever, institutions charged to do more with less are benefiting from Perceptis' solutions. We are pleased to partner with Perceptis in accelerating the company's growth trajectory."
About Frontier Capital
Frontier Capital provides capital and resources to business services companies seeking to accelerate growth, fund acquisitions, or generate shareholder liquidity. We invest in profitable, high growth companies with exceptional management teams. Since our founding in 1999, Frontier Capital has built an excellent track record of delivering returns to both our investors and management partners. The firm is headquartered in Charlotte, NC. To learn more about Frontier, please visit http://www.frontiercapital.com/