Embrace Software (“Embrace”) is happy to announce the acquisition of Valogix (“Valogix”) an Inventory planning and optimization software solution for Small to Midsize Businesses.

Valogix solutions support American and International businesses solve some of their toughest supply chain replenishment/demand planning challenges. Valogix Inventory Planner optimizes its customers’ capital supply chain investment constraints to maximize overall business performance. Their solutions bring both powerful and efficient solutions for all logistics demand planners.

“Supply chains and their disruption are in the news every day around the world. The advanced technology we bring to market dramatically helps the company better manage their supply and demand”, said Richard Vaccaro, Chief Executive Officer. “Being a part of Embrace will further advance our technology and market reach.”

“With several hundred customers worldwide and on behalf of our dedicated and skilled employees and partners, we are excited to join the Embrace team and grow the company’s offerings even more. We believe there is great synergy,” according to Patricia Ludwig, Chief Operating Officer.

“Valogix team has shown unmatched dedication in delivering value to their customers. We look forward to building on their strengths and achieving great things together”; said Mohan Plakkot, CEO at Embrace. “Valogix adds to our Industrial software portfolio after Radiant.”

Richard and Patricia will continue to lead Valogix with Embrace providing operational tools, and bringing in-house and external experts to help grow Valogix to its full potential.

About Valogix

Valogix is a leader in enterprise inventory planning and optimization. They were one of the first Advanced Inventory Planning software solutions offering highly effective optimization algorithms for a more cost-effectively replenishment plan. Their solutions offer automated methods for handling complex replenishment challenges. With over 21 years of experience, the Valogix team understands the business problems and challenges faced by small and mid-size companies in deploying Inventory Planning strategies to in turn meet their customer demand and optimize their business and have used this knowledge to develop and deploy easy and best in breed solutions.

About Embrace Software Inc.

Embrace acquires and invests in niche software that provides industry-specific solutions. We believe best practices followed by enterprise software are equally relevant for small software businesses. Access to capital and know-how enables our acquired companies to serve their customers better and grow their businesses faster.

Climb Advisors served as exclusive sell-side advisors to Valogix.

Embrace Software (“Embrace”) is delighted to announce the acquisition of Better Branches Technology (“Better Branches”) a leader in branch visitor and appointment management solutions designed and built for American Credit Unions. We welcome the Better Branches team members to Team Embrace.

Better Branches has built cutting-edge technology solutions for America’s Credit Union for over 19 years, iterating through technology cycles to ensure their customers have the best technology solution. Today the company has 6 products; all of which are aimed at improving credit union engagement with customers, day-to-day operations, customer satisfaction, and as a result facilitating growth and retention of their member base.

“From a simple visitor check-in application in 2003, Better Lobby has grown to include extensive Reporting, Appointments (with links to digital banking apps), Remote “Join the Waitlist” functionality, Kiosk check-in, and Video meeting capabilities. Every enhancement has been built to support credit unions. Better Branches’ clients and dedicated staff have made our success possible. I think that the next phase will be even more exciting!” said Rick Poulton, President, and Founder of Better Branches.

“From being exceptionally organized in operations, to their rigor in product development and consultative approach to customer engagement; I have been extremely impressed with Better Branches. We aim to invest aggressively and build on this strong foundation that will further grow the trust our Credit Union customers have placed in our company” said Mohan Plakkot, CEO of Embrace.

Rick will continue to guide the company through 2022; transitioning his leadership responsibility to Justin Orr who currently heads AQ2 Embrace (an Embrace portfolio company). Justin brings 20 years of Credit Union experience. He started at technical sales and then moved to technology, finally wearing the CIO hat of a large Credit Union before moving to AQ2 Embrace in 2016 as company President.

About Better Branches

Better Branches Technology is the leader in digitally managing both video and in-branch customer visits to American credit unions to ensure a fulfilling interaction between them and their members.

About Embrace Software Inc.

Embrace acquires and invests in niche software that provides industry-specific solutions. We believe best practices followed by enterprise software are equally relevant for small software businesses. Access to capital and know-how enables our acquired companies to serve their customers better and grow their businesses faster.

AMPA, Fla., Dec. 7, 2021 /PRNewswire/ — Embrace Software Inc. (Embrace), which acquires and invests in niche vertical-SaaS and on-premise software, today announced a $100 million credit commitment from CoVenture, an asset management firm investing across the capital stack of tech-enabled companies.

The funding from CoVenture will allow Embrace to continue to acquire software companies. The company previously completed a $20 million equity fundraising, bringing the total capital raised to date to $120 million. The company has already completed four acquisitions; AQ2 Technologies in March of 2021, EpowerDoc Inc, a HealthTech business in August, and Radiant RFID, an Industrial IOT business in October. Mohan Plakkot, founder and CEO of Embrace, brings his deep industry experience into play with each acquisition, having acquired over 20 software companies throughout his career.

“We see each acquisition as a partnership with the management teams that operate the business. Embrace builds on this trust by providing tools and in-house expertise to accelerate growth and profitability,” said Mohan Plakkot, CEO and Founder of Embrace Software Inc. “In Coventure we have a partner who truly understands our vision of blitz scaling software businesses through acquisitions and looks forward to building on this support.”

The Tampa-based company seeks out successful companies in the United States and Canada that provide industry-specific solutions within niche vertical market software. Embrace accelerates the existing growth of these companies and invests in their businesses to push them to their true potential. The company, which is led by entrepreneurs and enterprise technologists, looks for 100% buyouts or majority-owned investments in software companies with revenue in the range of $3 million to $30 million.

“Mohan’s ability to identify and execute acquisitions of software companies is only matched by his ability to drive ongoing profitability post-acquisition. CoVenture is extremely excited to partner with Embrace and to help drive continued growth,” said Michael Breitstein, Principal at CoVenture.

About Embrace Software

Embrace Software Inc. (Embrace) acquires and invests in niche vertical-SaaS software. The company operates under the belief that best practices followed by enterprise software are equally relevant for small software businesses. Led by entrepreneurs and enterprise technologists, the Embrace team has completed over 20 acquisitions in the vertical-Saas space. For more information visit embracesoftwareinc.

About Coventure

CoVenture is an asset management firm investing across the capital stack of tech-enabled companies, often providing the first institutional equity and/or debt financing to business operations across financial services, new forms of media, platform economies, or industries we are yet to imagine. For more information visit coventure.

Embrace Software (“Embrace”) is delighted to announce the acquisition of Radiant RFID, LLC (“Radiant”) a leader in Industrial IOT solutions; and welcome the 35+ Radiant team members to Team Embrace. Radiant will continue to operate as an independent company.

Radiant has been developing cutting-edge technology solutions for some of the largest companies, universities, and public organizations for over 17 years. Radiant’s suite of products spans 2 core areas; Asset Tracking and Life Safety both of which are in secular growth. The last 18 months of market changes have brought to the forefront the need for Radiant’s solutions, in providing supply chain visibility and employee safety in factories and warehouses.

“As a company that works to empower our customers in making better-informed decisions so that they may operate profitably, sustainably, and safely, this acquisition provides Radiant with the opportunity to lead by example. Our team is thrilled for what Embrace’s support will allow us to do for our customers, both current and future, and our continued success alongside them.”

“Where is it? is such a fundamental question for a business to ask about their assets and totes, but very hard for them to answer”, said Kenny Ratton, CEO, Co-Founder of Radiant. “We help our customers answer that question, and we apply the same platform to help customers understand if employees are safe in case of an emergency.”

“Over the past 17 years, our IoT platform has proven its ability to continuously incorporate new tracking technology. This includes RFID, GPS, BLE beacons.” said Stephan Schwarze CTO, Co-Founder of Radiant. “Our approach to minimize hardware infrastructure needs, combined with our scalability and reliability, ensure to our customers that our cloud-based IoT platform will support them into the future.”

“Our supply chain customers tell us we are the right solution at the right time”, said Adam Cotner Chief Product Officer. “We appreciate the collaboration to innovate and solve problems that couldn’t be solved before.”

Kenny, Stephan, and Adam will continue to lead Radiant with Embrace by providing operational tools, bringing in-house and external experts, and providing investment capital to help realize Radiant’s full potential. Recognizing this opportunity Embrace has already invested $1M in growth capital into the business.

“Radiant’s opportunity goes beyond just growing a business to shaping asset-heavy industry’s use of technology; starting from asset tracking, but evolving to supply chain visibility and optimization, intertwined with safety (in the factory floors and field) all through the lens of delivering rapid ROI to our customers. It truly feels like we are in the very early innings”. said Mohan Plakkot, CEO at Embrace.

About Radiant

Radiant has 17 years of experience developing and deploying IoT solutions to help Enterprises be efficient with capital expenses and visibility… We are experts in designing solutions that integrate software, devices, and data analytics to drive efficiencies and improve operations for our customers. At a basic level, almost anyone can collect data. What Radiant does is understand the intricacy of that data and make it useful to an organization. The basis of Radiant’s social distancing and contact tracing solution is our existing Radiant IoT platform trusted by numerous companies to help keep track of their most valuable assets.

About Embrace Software Inc.

Embrace acquires and invests in niche software that provides industry-specific solutions. We believe best practices followed by enterprise software are equally relevant for small software businesses. Access to capital and know-how enables our acquired companies to serve their customers better and grow their businesses faster.

Embrace Software (“Embrace”) is delighted to announce the acquisition of EPOWERdoc, Inc (“EPD”) a leader in Emergency Department, unscheduled care, and Telehealth software solutions. Embrace welcomes the 40+ EPD team members to Team Embrace.

Founded in 1999, EPD has become the leader in specialized computerized Emergency Department Information Systems (EDIS), using a design team comprised of emergency physicians and nurses. Over the last 20 years, EPD has helped over 8,000 healthcare providers manage their entire Emergency Department end to end, replacing legacy systems not built for the dynamic and often chaotic nature of the Emergency Department, creating efficiencies, transforming operations, and converting paper-based payment processes into streamlined digital workflows. Over this time, EPD has expanded its superior software design to service Freestanding Emergency Centers, Urgent Care Centers, Micro Hospital inpatient care, and Telehealth.

“EPD was founded on the principles of integrity, excellence, and service. We believed in our product and in our people. We bent over backward to treat our clients right, and we treated each other as family—perhaps that is what I am most proud of. I believe its best days are ahead with the Embrace partnership, and I’ll be rooting every step of the way,” said Wesley (“Wes”) Grigsby, Founder of EPOWERdoc, Inc.

“EPOWERdoc has explored many potential acquisition partners over the last 10 years, and Embrace was the first one that we felt would preserve the company culture and values we have worked so hard to establish, while at the same time provide the next level infrastructure and business resources a growing company our size needs. We could not be more pleased with the transition and look forward to a very positive future,” said David (“Dave”) Ernst, President of EPOWERdoc, Inc.

“The funny thing is that the goal was never to create a company. Wes simply wanted to provide a superior way of capturing the patient visit for himself and his team—so he created a batch of paper templates. Not long after, someone suggested he should market them…and thus it began. We bent over backward to treat our clients right, and we treated each other as family—perhaps that is what I am most proud of. I believe its best days are ahead with the Embrace partnership, and I’ll be rooting every step of the way,” said Connie Grigsby, Shareholder, VP of Finance for EPOWERdoc, Inc.

Embrace fosters entrepreneurship in its businesses by giving them continued autonomy. True to that principle, Dave, Whitney, and Edsel will continue to lead the company while Embrace provides targeted investments across business functions, including EPD’s latest Telemedicine software platform, launched in Fall, 2021.

“We pay a lot of attention to how well a business treats their customers, and EPD scores are among the highest we have seen. This is a testament to the high-caliber management, clinical, technology, and operations teams. We look forward to investing in EPOWERdoc and anticipate a 2x to 3x growth in the next 3 years. I would also like to thank Wes and Connie for placing their trust in me and Embrace to take EPOWERdoc through its next phase of growth.” said Mohan Plakkot, CEO at Embrace.

About EPOWERdoc, Inc.

EPOWERdoc has been a leading provider of Emergency Department Information Systems, Paper Template Documentation Systems, Micro Hospital Inpatient Software, and Telemedicine Platforms for over 20 years throughout the US and Internationally. EPD software currently services over 3.5 million patient encounters annually.

About Embrace Software Inc.

Embrace acquires and invests in niche software companies that provide industry-specific solutions. We believe best practices followed by enterprise software are equally relevant for small software businesses. Access to capital and know-how enables our acquired companies to serve their customers better and grow their businesses faster.

AQ2 Technologies, LLC (“AQ2”) has been acquired by Embrace Software (“Embrace”) through a “purchase of assets” transaction in which substantially all assets have been acquired.

AQ2 is a leading provider of advanced industry-specific transaction automation solutions used by organizations in the financial sector, government entities, universities, and non-profit organizations. Over the last 20+ years, AQ2 has helped over 400 organizations optimize their operations, by transforming paper-based payment processes into streamlined digital workflows by seamlessly integrating imaging, data recognition, and data management technologies.

“Our goal from the beginning was to find a partner/acquirer that had similar values and goals towards their employees and customers. Embrace was a perfect fit to allow our employees to thrive and to provide continued customer excellence,” said Clete Walker, CEO & Shareholder of AQ2 Technologies.

“The AQ2 team and I are excited about this acquisition, as it represents a positive step in the right direction for our company and more importantly will prove beneficial to our clients. Early on, it was clear that Mohan’s philosophy regarding the purchase of AQ2 is in line with our goals. Being a part of Embrace will provide us with resources and expertise that will help to improve our products and services, as well as our internal processes. We understand that creating efficiency is important, as that is what our software does for our clients. That is also what Embrace will do for AQ2 and we welcome it.” said Justin Orr, COO at AQ2 Technologies.

Clete will work closely in an advisory role with Embrace to enable a smooth transition that is important with a change in ownership. Justin will continue to lead operations and take on the role of President at AQ2 Embrace; with a goal to grow the business and develop relevant technology solutions catering to the needs of AQ2’s customers

“The team at AQ2 has built a solution that is loved by everyone who uses it. In my interaction with AQ2’s customers, I was delighted to learn that customers see AQ2 as an extension of their organization; like a family that they can count on. Embrace will build on that foundation by bringing best practices and expert resources that will enable Justin and his team to accelerate their plans.” said Mohan Plakkot, CEO at Embrace.

About AQ2 Technologies.

At AQ2, we provide our clients with software solutions that streamline paper-based payment processes by integrating advanced imaging, recognition, and scanning technologies to increase efficiency. Any organization that accepts checks as a form of payment can benefit from our software solutions that eliminate the manual processing and data entry of payments/donations, automating bank deposits, and the application of custom business rules specific to an organization’s needs.

About Embrace Software Inc.

Embrace acquires and invests in niche software that provides industry-specific solutions. We believe best practices followed by enterprise software are equally relevant for small software businesses. Access to capital and know-how enables our acquired companies to serve their customers better and grow their businesses faster.

Technology and the pace of change in technology is transforming every business, in every industry, across the globe. Yet, many SMB software companies struggle to accelerate product development either by virtue of their legacy technology or the ability to attract talent as the cost of R&D resources continues to rise.

Today Embrace launches its India development center which will be leveraged by its Edtech investment – Infospeed Ltd; which is expected to accelerate its product development. The India development center will also be available to future Embrace investments and acquisitions.

Bringing Global R&D Talent to Our Investments

While SMB software companies find it hard to scale their teams globally to support their core team, large companies continue to benefit from it. The small software companies lack knowledge of hiring and retaining high-quality talent from offshore locations in addition to concerns over protecting their IP.

In our experience, there are numerous innovative product development centers in India and having the right team on the ground makes all the difference. In fact, our senior management were once developers in Bengaluru, India; for Ellucian’s flagship product which was and continues to be used by the largest universities in the United States.

“We promise to bring enterprise best practices to our investments. However, this goes well beyond process improvements that traditional software investors bring to the table. A great software company is defined by the products that serve its customers. Embrace India will enable accelerated product development and go-to-market for all our companies.” said Mohan Plakkot, CEO of Embrace.

Accelerating the go-to-market for our products is a priority in 2020 and beyond. “The team at Infospeed is looking forward to the new pace of development that will delight our school customers,” said Gary Bulgin, Director of Infospeed. “We expect to grow the team throughout the year.”

The technology team in India will directly collaborate with R&D teams in UK and Canada as part of Embrace’s globally distributed product development team.

About Embrace Software Inc.

Embrace acquires and invests in niche software that provides industry-specific solutions. We believe best practices followed by enterprise software are equally relevant for small software businesses. Access to capital and know-how enables our acquired companies to serve their customers better and grow their businesses faster.

Embrace Software (“Embrace”), a Montreal-based company focused on the acquisition and operation of niche software, has acquired Infospeed Limited (“Infospeed”), a provider of enterprise software solutions specialized in the language school industry.

Class (Infospeed’s flagship product), is a cloud-based, comprehensive administration and booking system that manages all the business needs of schools. Since 1989, Class language school software has been the most popular system worldwide, with many of their customers having been with them for decades.

“After a wonderful journey of 30 years, my business partner Graham Hacker and I had reached a point where we began thinking about passing our company on to the right partner. In Embrace we found a partner who not only valued our customers and staff but also brought a vision to enhance our products and grow our company into the future.” said Carol Davies, Co-founder of Infospeed.

“Infospeed has a strong team that takes pride in serving our customers. With Embrace bringing deep knowledge in software operations, the team is now looking forward to enhancing internal operations and accelerating into the next phase of growth.” said Gary Bulgin, Director at Infospeed.

Carol will work closely in an advisory role with Embrace to enable a smooth transition that is important with a change in ownership.

Gary will continue to lead operations at Infospeed, with a goal to rapidly grow the business and develop relevant technology solutions catering to the needs of Infospeed’s customers.

“The team at Infospeed has built a software that is loved by their customers and has stood the test of time. Embrace hopes to build on that legacy by bringing enterprise software best practices that will enable Gary and his team to accelerate their plans. We are very happy to have acquired a leader who has built an excellent reputation over the last 30 years.” said Mohan Plakkot, CEO of Embrace.

About Infospeed Limited.

Infospeed provides an administration software system for language schools, training centers, academies, colleges, and companies that support the international education industry. Class, created by Infospeed, is a cloud-based, comprehensive administration and booking system that manages all of your business needs. Class is the most popular software system used by language schools worldwide.

About Embrace Software Inc.

Embrace acquires and invests in niche software that provides industry-specific solutions. We believe best practices followed by enterprise software are equally relevant for small software businesses. Access to capital and know-how enables our acquired companies to serve their customers better and grow their businesses faster.