Our News

April 29, 2024

Embrace Welcomes New Leaders from Microsoft and FIS to Enhance Operations and Drive Technological Innovation

Embrace is thrilled to announce the strategic addition of two seasoned industry leaders to its executive team, set to amplify operational efficiencies and spearhead innovation across its portfolio companies. Parashar, hailing from Microsoft, and Ragul Kumar, previously with FIS, bring their formidable expertise to lead Embrace’s ambitious growth initiatives.

Parashar Appointed as Embrace’s Operating Partner
With a strong foundation in sales and growth leadership from his tenure at Microsoft, coupled with extensive P&L management experience at Fujitsu North America, Parashar joins Embrace as the company’s inaugural Operating Partner. He will work side-by-side with portfolio company management to unlock avenues for sustainable growth and bolster profitability. Parashar will also refine Embrace’s go-to-market strategies, implementing them across the company through Embrace Shared Services.

Ragul Kumar Joins as Vice President of Technology at EPowerDoc
Coming from a solid background in product and engineering leadership at FIS, a Fortune 300 fintech company, Ragul Kumar is appointed as Vice President of Technology at EPowerDoc. His leadership at FIS involved spearheading the R&D of impactful, large-scale SaaS and PaaS products from inception to production. Ragul’s role at Embrace is poised to expand, encompassing greater tech-leadership responsibilities, to drive technological advancements and innovation; across current companies and future acquisitions.

A Commitment to Enhancing Product Excellence and Operational Efficiency
Unlike typical serial acquirers that prioritize cost-cutting, Embrace focuses on enhancing the value of its portfolio by leveraging cutting-edge technology to improve existing products and implementing growth playbooks. This strategy ensures that operational efficiencies are coupled with sustainable growth, providing a robust foundation for the future. Embrace’s approach involves a meticulous focus on innovation and quality, setting new standards in the industry.

About Embrace
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.

April 24, 2024

Embrace acquires XAP Corporation, Pioneering New Heights in Education Technology

Culver City, CA — Embrace Software Inc., renowned for its acquisition of, and investment in, specialized software solutions, proudly announces the acquisition of XAP Corporation, a trailblazer in career and college planning software. This strategic acquisition further expands Embrace’s rapidly growing portfolio of companies and advances its progress in developing its education technology division.

Specializing in strengthening niche software entities, Embrace Software Inc. fervently believes the best practices upheld by enterprise software are equally pertinent to smaller-scale businesses. By providing access to capital and invaluable expertise, Embrace empowers its acquired companies to better serve their customers and expedite business growth.

“I am thrilled to welcome XAP Corporation into the Embrace family of companies,” said Mohan Plakkot, CEO of Embrace Software Inc. “Embrace’s robust resources and unique expertise will undoubtedly bolster XAP’s capabilities, enabling them to serve their customers more effectively and support their business growth across all products and services.”

Since its founding in 1988, XAP Corporation has been an educational technology innovator. It pioneered the first online college application, offering tailored solutions for colleges and university systems. XAP’s college-to-college transcript exchange streamlines academic processes with its unique request and response processing capabilities. XAP’s flagship product Choices360 is a comprehensive career and college exploration and planning platform used by state agencies and school districts to support students from K6 onward as they discover, plan, and achieve their postsecondary goals.

With Embrace’s support, XAP is poised to further expand its reach and solidify its position as a leader in the educational technology landscape. Eddie Monnier, retiring CEO of XAP Corporation, expressed excitement in the acquisition, affirming, “Students face an increasingly complex set of choices as they think about their futures. Under Embrace Software’s stewardship, the XAP team is well-positioned to accelerate its delivery of solutions that inspire students to discover the future they want and build a plan to achieve it. This acquisition will unlock new avenues of growth and opportunities for innovation for XAP, benefiting our student users, the education professionals who support them, and the institutions who make up our valued customer base.”

Carla Fermelia, General Manager of XAP Corporation, will continue to spearhead day-to-day operations, ensuring a seamless transition and maintaining consistently excellent service delivery for XAP customers. “We are eager to tap into Embrace’s proven track record to operate with utmost efficiency and effectiveness, allowing us to swiftly adapt to evolving client needs and elevate client satisfaction even more.”

Embrace Software Inc. looks forward to the collaborative efforts ahead, driven by a shared passion for harnessing innovation and technology to deliver exceptional software solutions.

About XAP Corporation

XAP provides state-level sponsors, school districts, and individual schools with online solutions for students and adults to explore careers and discover, plan for, and apply to college. XAP’s core products include Choices360, XAPplications, eTranscriptCA, and Paws in Jobland. This comprehensive suite of solutions empowers students along their postsecondary planning journey and is embraced by states and schools nationwide.

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.

December 13, 2023

Embrace acquires Northwest Analytics a pioneer in Industrial digital transformation

Embrace Software Inc (“Embrace”), a leading acquirer of business software solutions, is delighted to announce the successful acquisition of Northwest Analytics (“NWA”). NWA offers an enterprise suite of solutions aimed at delivering digital transformation and Industry 4.0 analytics in the Chemical, Pharmaceutical, and Food Industries. This milestone represents the sixth acquisition by Embrace Industrial Group, further enhancing our position in providing a comprehensive industrial solution stack to some of the world’s largest manufacturers.

NWA was conceived from the pain points experienced by operators and plant engineers on the factory floor, offering a unique perspective on their challenges that distinguishes them from other stakeholders who are more distant from the operational frontlines. Embrace is eagerly anticipating the launch of the improved NWA Quality Analyst®, which is the result of an extensive multi-year development cycle, to benefit both existing and new NWA customers.

“NWA has successfully solved a distinctive challenge for its customers, and their satisfaction couldn’t have been better reflected than through the glowing reviews we received during our conversations. Some of the world’s largest chemical and pharmaceutical companies are saving millions of dollars annually by utilizing NWA’s product, underscoring its strategic importance within their operations. I am thrilled to continue building upon the solid foundation laid by NWA as we delve into accelerating research and development in areas of utmost importance to our customers, including the potential of machine learning and generative AI applications into the NWA Analytics Knowledge Suite™,” said Mohan Plakkot, CEO of Embrace Software Inc.

“Northwest Analytics has always been recognized for its ability to deliver software that uniquely enables manufacturers to compete in their markets more effectively by addressing potential process issues before product quality is impacted. We are pleased to become a part of Embrace as it allows us to accelerate the delivery of additional product innovations for our current and future customers,” said Peter Guilfoyle, CEO of Northwest Analytics.

“The combination of our analytics-based manufacturing knowledge solutions and Embrace’s expanding industrial software solutions and operational expertise leaves us positioned to better address some of the industry’s most daunting challenges related to operational excellence, retaining institutional process knowledge, and exceeding customer needs and requirements.”

The acquisition brings significant resources, knowledge and expertise encompassing best of breed practices. As a result, NWA’s customers can expect even more robust and innovative manufacturing solutions from NWA and the extended Embrace Industrial group of companies.

About Northwest Analytics.

Northwest Analytics is the leading provider of digital transformation and Industry 4.0 manufacturing analytics solutions for manufacturers, delivering process decision guidance for 35% of the Forbes 1000 manufacturers and thousands more worldwide. Northwest Analytics is focused exclusively on enabling better operational visibility and analytics-based decision making for manufacturers through a powerful, easy-to-use suite of solutions that emphasize enterprise-wide integration, scalability, and sustainability. Northwest Analytics is the partner-of-choice when it comes to helping its customers increase operating efficiencies and throughput, while delivering a fast and effective ROI.

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.

November 10, 2023

Embrace Software Inc. Invests $1 Million to Fuel Guardian’s Accelerated Growth

Embrace Software Inc. (“Embrace”), a leading provider of business software solutions, is pleased to announce a strategic investment of $1 million in its subsidiary, Guardian Software Systems LLC. (“Guardian”). This substantial financial commitment aims to propel Guardian into a new phase of growth and innovation with its industry-leading solution.

The investment reflects Embrace’s unwavering confidence in the potential of Guardian and its dedication to fostering innovation and excellence for its customers. The funds will be allocated towards key areas such as research and development, marketing initiatives, talent acquisition, and technology infrastructure, all geared towards accelerating Guardian’s expansion in the market.

Mohan Plakkot, CEO of Embrace, expressed enthusiasm about the investment, stating, “This investment signifies our commitment to supporting our foundry customers that Guardian serves and leading them into a  Digital Industrial era for the future. We are in the early phase of announcing multiple industry leading partnerships for Guardian which aligns with our greater goal of launching Embrace Industrial Group in 2024.”

The infusion of $1 million will provide Guardian with the necessary resources to build on its product excellence and growth momentum and capitalize on emerging opportunities in the market; while adding to Guardian’s native ERP and MES capabilities.

Guardian’s leadership team is equally excited about the potential impact of this investment. Tim Borchardt, President at Guardian, stated, “We appreciate Embrace’s continued support and confidence in our abilities. This investment will enable us to enhance our product offerings, expand our market reach, and drive innovation within the industry, all the while maintaining our commitment to our clients of the highest standard of service and support.

 

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.

 

About Guardian Software Systems, Inc. 

Guardian Software Systems, LCC. is a renowned developer of ERP and MES software solutions designed specifically for the metal casting and foundry industry. Guardian’s comprehensive suite of software tools enables foundries and metal casting companies to optimize production processes, enhance quality control, and improve overall profitability. With a strong commitment to innovation and customer satisfaction, Guardian Software Systems has become a trusted partner for businesses in North America.

September 11, 2023

Embrace Software Receives $10 Million in Over-Subscribed Funding Round

Embrace Software Inc. (Embrace), which acquires and invests in niche vertical-SaaS and on-premise software, today announced a $10 million equity investment from notable investors Singh Capital Partners (“SCP”), R3 Funds and continued support from their largest investor, Jed McCaleb. This is in addition of over $80M in capital available through Embrace’s acquisition facility.

Mohan Plakkot, CEO of Embrace Software, remarked, “The acquisition opportunities we’re seeing far outweigh our capital. This funding round places us on a trajectory to double by the end of 2024, paving the way for our global expansion.”

Plakkot further added, “We are proud of our outstanding teams, partners, and investors. This new cohort of investors raises the bar even higher.”

“We are eager to see how Embrace will capitalize on the company’s current momentum with this injection of fresh capital. Unlike other software aggregators who follow typical private equity playbooks, Embrace’s ability to revitalize organic growth in their acquisitions through efficient investments in the underlying software products has produced outstanding results. SCP is proud to have supported the business since its inception and is pleased to have the opportunity to continue to show our commitment to Embrace through our participation in this fundraise.” Manpreet Singh, SCP.

“Embrace’s execution since inception has been outstanding.  Their discipline and drive to build leading software businesses, while preserving the legacy of founders, bodes well for the future. We’re excited to be value added partners for the long-haul.”  Robert Brown, R3CS Fund.

In an era where massive capital raises often denote success, Embrace distinguishes itself by prioritizing efficient capital allocation both in fundraising and acquisitions. This approach comes without a compromise in growth; as the company continues to experience hypergrowth while generating meaningful free cash flow.

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.

September 6, 2023

Embrace acquires Core e-Business Solutions to their Industrial group

Embrace Software Inc (“Embrace”), a leading acquirer of business software solutions, is pleased to announce the successful acquisition of Core e-Business Solutions (“Core”), a warehouse software business serving industries such as 3rd party logistics, food, high-tech, cold storage and pharmaceuticals. This marks a significant milestone for Embrace Industrial group which now has 5 complementary pieces of the industrial solution stack.

Core has a strong foundation in technology and customer success built by veterans in the space. Over the last 3 years they have invested aggressively in upgrading their software products on the latest technologies; and implemented a Cloud strategy; setting the stage for accelerated customer acquisition.

“I am excited to have Core join the Embrace Industrial team. As we build a deeper and broader set of industrial solutions under a single trusted entity, our growing Industrial customers will be the largest beneficiary with each acquisition.” said Mohan Plakkot, CEO of Embrace Software Inc.

Core’s warehouse solutions will be integrated with our asset tracking solution (Radiant IoT) and follow-on integrations with Embrace’s suite of Manufacturing ERP, MES and Demand Planning solutions.

“Core’s strategy has always been to provide our customers with the right blend of technologies, service and support enabling them to operate in a more competitive and efficient supply chain. We are proud and excited to be an integral part of the Embrace family of solutions ” said Robert Schilt CEO of Core eBusiness Solutions.

“With our many years of experience creating Warehouse Management Software systems and Embrace’s wide array of software and industrial programs and expertise, we are positioned to ramp up our Warehouse Management Software systems and solutions and provide customers with a wide array of new and innovative industrial and supply chain programs”

The acquisition brings significant resources, knowledge and expertise encompassing best of breed practices. As a result, Core’s customers can expect even more robust and innovative supply chain solutions.

About Core e-Business Solutions.

Core e-Business Solutions provides customers with implementable supply chain solutions. For over 27 years, Core has established and executed supply chain, order and warehouse management software. Core offers Cloud-based WMS solutions which deliver data to the customer in order to reduce the time, money, and attention spent on information technology. Cloud-based software and professional services are two of the many features and programs that separate Core from other software providers in the industry.

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.

July 25, 2023

Embrace acquires Bellwether Software, a leading Procurement & Purchasing solution

Embrace Software Inc (“Embrace”), a leading acquirer of business software solutions, is pleased to announce the successful acquisition of Bellwether Software, a renowned name in the procurement and purchasing solutions industry. This marks a significant milestone for both companies and opens new doors for advancing their product offerings and catering to the diverse needs of their
valued customers.

Bellwether Software has built a strong legacy over the past 30 years, consistently delivering modern procurement solutions to large and mid-sized enterprises across various industries. Their commitment to embracing the latest technologies is evident in their latest version, which is built on the Microsoft Azure platform, leveraging a highly scalable architecture for optimal performance and provides API integrations with a wide array of financial and
ERP solutions.

"We are thrilled to welcome Bellwether to the Embrace team," said Mohan Plakkot, CEO of Embrace Software Inc. "Their proven track record of applying procurement best practices across industries perfectly aligns with our product first approach to operations. We are excited about accelerating Bellwether’s product roadmap even further into the future".

“We are incredibly excited to join the Embrace family of solutions and look forward to all the synergies that are now available as its newest member” said Wadih Pazos, CEO of Bellwether Software. “We are confident that this partnership will enable us to continue delivering innovative and industry- leading solutions to our customers while benefiting from the resources and expertise of Embrace.”

The acquisition brings significant resources and knowledge, encompassing the best-of-breed practices, to enhance the capabilities of the Bellwether team. As a result, existing Bellwether customers can expect even more robust and innovative procurement and purchasing solutions.

About Bellwether Software.

Bellwether is a procurement, purchasing and accounts payable automation solution that helps businesses reduce spending through process automation. Our tool aligns business objectives with organizational spending. We serve small to midsize businesses that produce and process hundreds to thousands of purchase orders and invoices a month and or that have inventory to manage. We take customer satisfaction to a whole new level by delivering best-in-class purchasing and inventory software.

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.

April 5, 2023

Embrace Acquires Guardian Software Systems, a Leading Provider of ERP and MES Software for the Metal Casting and Foundry Industry

Embrace Software Inc (“Embrace”), a leading provider of business software solutions, today announced the acquisition of Guardian Software Systems, Inc. (“Guardian”), a prominent developer of ERP (Enterprise Resource Planning) and MES (Manufacturing Execution System) software tailored for the metal casting and foundry industry. This strategic acquisition will expand Embrace’s product offerings and strengthen its position in the manufacturing software market.

Guardian has been a pioneer in the metal casting and foundry industry, providing innovative software solutions that streamline operations, increase efficiency, and drive growth for businesses in the sector. Its flagship ERP and MES software suite has been widely adopted by foundries and metal casting companies across the globe, helping them to optimize production processes, enhance quality control, and improve overall profitability.

“The acquisition of Guardian represents an exciting opportunity for Embrace to expand our presence in the manufacturing sector and bring new and innovative solutions to our customers,” said Mohan Plakkot, CEO of Embrace Software Inc. “Guardian’s deep expertise in the metal casting and foundry industry, combined with our extensive experience in delivering world-class software solutions, will enable us to provide even more value to our clients and help them achieve success in today’s competitive market.”

“We are thrilled to join forces with Embrace and be part of their growing portfolio of software solutions,” said Steve Hoppe, Founder and CEO of Guardian Software Systems. “We are confident that this partnership will enable us to continue delivering innovative and industry-leading solutions to our customers while benefiting from the resources and expertise of Embrace.”
The Guardian team, led by Steve Hoppe, will continue to operate under the Guardian brand and work closely with Embrace Software Inc. to develop and support its existing product portfolio while also exploring opportunities for joint development of new solutions.

About Guardian Software Systems, Inc.

Guardian Software Systems, Inc. is a renowned developer of ERP and MES software solutions designed specifically for the metal casting and foundry industry. Guardian’s comprehensive suite of software tools enables foundries and metal casting companies to optimize production processes, enhance quality control, and improve overall profitability. With a strong commitment to innovation and customer satisfaction, Guardian Software Systems has become a trusted partner for businesses in North America.

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.

May 13, 2022

Embrace Acquires Valogix- A Robust Inventory Planning and Optimization Solution

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.

May 1, 2022

Embrace Acquires Better Branches – a Leading Software Provider for Credit Unions

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.

December 7, 2021

Embrace Software Secures $100 Million in Funding

TAMPA, 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.

October 25, 2021

Embrace Acquires Radiant – A Leader in IoT Technologies

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.

August 1, 2021

Embrace Enters HealthTech with Acquisition of EPOWERdoc Inc

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.

March 18, 2021

Embrace Acquires AQ2 Technologies

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.

January 2, 2020

Embrace Launches India Development Center

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.

May 6, 2019

Embrace Software Inc Acquires Infospeed Limited.

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

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.