News & Events

News

Frontier Capital Announces Significant Growth Equity Investment in Clearwave

March 26, 2019

We are pleased to announce a significant growth equity investment in Clearwave, a leading provider of digital check-in, insurance eligibility, and patient payments solutions to health systems and physician practices.  Based in Atlanta, Clearwave’s solutions are utilized by an array of healthcare organizations, including hospitals, health systems, over 30 specialties,...

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Agreement Express Appoints Dave O’Brien as CEO

March 01, 2019

Frontier’s portfolio company Agreement Express recently announced the appointment of Dave O’Brien as Chief Executive Officer. Dave’s strategic mandate will be to lead Agreement Express through its next phase of transformational growth. He succeeds Mike Gardner, founder of Agreement Express, who will become the company’s Chief Strategy Officer and remain on the...

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Frontier Capital Completes Sale of SimplyWell

January 10, 2019

We are pleased to announce our exit in SimplyWell (formerly Viverae), a leading employer health and wellness platform. SimplyWell has been acquired by Virgin Pulse, the world's largest, most comprehensive digital health, well-being and engagement company, and a portfolio company of Marlin Equity Partners. SimplyWell offers a comprehensive suite of solutions...

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Congratulations to Scott Hoch on Being Named Top 40 Under 40 Growth Investors by GrowthCap Partners

November 29, 2018

We are pleased to announce that Partner Scott Hoch has been named in the fifth annual Top 40 Under 40 Growth Investors by GrowthCap Partners. According to GrowthCap Partners, the 2018 nomination process resulted in a record number of submissions.  All of the nominees were evaluated based on their investment...

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Mergers & Acquisitions, "The Big Give"

November 20, 2018

Two years ago, we formed the Frontier Capital Foundation to formalize our firm’s philanthropic activity through financial and personal service commitments to organizations making a real impact in our hometown of Charlotte, NC.   After extensive conversations with professionals across our firm, we focused our efforts on three organizations: The...

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Frontier Capital Exits MultiLing Investment

October 31, 2018

Frontier is pleased to announce that we have exited our investment in MultiLing, one of the world’s most sophisticated providers of patent translation and support services. MultiLing has been sold to Questel, S.A., a global online intellectual property service provider. MultiLing combines a proprietary cloud platform, Savanta™, with a global...

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Frontier Capital Announces Exit from Zephyr Test Management

October 23, 2018

We are pleased to announce our exit from the investment in Zephyr, whose test management applications empower software development teams to build higher quality software more efficiently and collaboratively. Zephyr has been acquired by SmartBear Software, creating the industry’s most comprehensive set of test management tools. During our partnership with...

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Frontier Capital Announces Strategic Growth Partnership with PriceSpider

October 09, 2018

Our newest investment is a compelling partnership with and growth investment in PriceSpider of Irvine, CA, an advanced retail data and technology company that provides some of the world’s largest brand manufacturers with powerful consumer conversion intelligence and brand optimization software. We’re eager to combine Frontier’s deep experience helping B2B...

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Frontier Capital Announces Majority Growth Investment in Social Media Analytics Software Platform ListenFirst

September 05, 2018

Frontier Capital is pleased to announce its latest majority growth investment in a SaaS-based business, partnering with ListenFirst Media of New York to grow their leading social analytics platform for consumer brands. We look forward to helping ListenFirst’s management team to continue to accelerate their leadership position in delivering rich...

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Seth Harward Discusses Frontier's Investment Approach with Middle Market Growth Magazine

August 17, 2018

Frontier Partner Seth Harward, who has led sourcing and business development for the firm for the last decade, was recently interviewed by Middle Market Growth. In the video Seth provides an overview of who we are, where our focus is and what our values are as a firm. Highlights include:...

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Frontier Capital Completes Sale of Celergo to ADP

August 15, 2018

Teamwork was at the heart of our most recent successful exit - the sale of portfolio company Celergo to global Human Capital Management solutions provider ADP. Celergo’s solution offers multi-country payroll in 150 countries and combines a proprietary cloud-based technology platform with a local provider network to enable timely, accurate,...

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David DiGiacomo appointed Chief Executive Officer of PowerDMS

June 19, 2018

We are excited to share that our portfolio company, PowerDMS, a leading provider of cloud-based policy management software, has appointed David DiGiacomo as CEO. Mr. DiGiacomo previously served as the CEO and President of OnSolve, a global provider of cloud-based critical communication solutions for government, enterprise, and SMB clients for...

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Frontier Announces Majority Growth Equity Investment in MediaPro and New CEO Appointment

June 05, 2018

We are pleased to announce our majority growth equity investment in MediaPRO Holdings, a SaaS-based provider of security, privacy, and compliance awareness training solutions. In addition, we are excited to welcome Tyler Winkler to lead the company as CEO. MediaPRO’s platform enables organizations of all sizes to analyze, plan, train,...

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Dinova Names Alison Galik as President

May 03, 2018

We are excited to share that our portfolio company, Dinova, a business dining marketplace, has appointed Alison Galik as President. Ms. Galik has over 20 years of global business leadership experience in corporate travel management and technology. “We are extremely pleased to welcome Alison into the Dinova family,” said Vic...

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Vibe HCM Hires Susanne Bowen as CEO

April 17, 2018

We are thrilled to announce that our portfolio company, Vibe HCM, a leading provider of human capital management and employee engagement solutions, appointed Susanne Bowen as CEO. Ms. Bowen has over thirty years experience in the software industry in sales and general management positions and has led four SaaS companies...

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FRONTIER CAPITAL ANNOUNCES MAJORITY GROWTH EQUITY INVESTMENT IN VANCOUVER-BASED AGREEMENT EXPRESS

April 12, 2018

We are pleased to announce a majority growth equity investment in Vancouver-based Agreement Express, our fourth investment announcement in 2018. Agreement Express is another example of our dedication to investing in B2B SaaS businesses. The company’s innovative cloud-based platform has transformed the client onboarding experience for financial services firms by...

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Viverae Will Rebrand to SimplyWell

February 08, 2018

Dallas-based Frontier portfolio company, Viverae, has announced that they will rebrand under a new company name, SimplyWell®.  Viverae acquired SimplyWell late last year in order to expand its geographic reach and product offering.   “This rebranding represents our ongoing commitment to simplifying an increasingly disjointed and complex wellness industry,” Mike...

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Frontier Announces Significant Equity Investment in PowerDMS

January 25, 2018

Frontier has had a busy start to 2018! We are announcing a new equity investment in Orlando-based PowerDMS, a leading provider of compliance and content management solutions. This is our third investment announcement in 2018 following our announcements of investments in Igloo Software and MediaRadar. PowerDMS is the second investment...

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Frontier Capital Announces Investment in MediaRadar

January 17, 2018

We are pleased to announce that we have made a significant growth equity investment in MediaRadar, a leading advertising intelligence firm. This is the first investment from our $700 million Frontier Fund V which was announced in December 2017. MediaRadar offers a suite of tools that provide sales intelligence directly...

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AccessOne and HealthFirst Financial Join to Create Industry Leader

January 11, 2018

Frontier portfolio company AccessOne, a provider of patient financing options designed to help patients manage their healthcare costs, acquired HealthFirst Financial, a leading software-enabled service provider of patient financing programs to healthcare organizations. We made a majority equity investment in AccessOne in January 2017. The acquisition will help AccessOne continue...

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Frontier Capital Announces $47M Growth Equity Investment in Igloo Software

January 09, 2018

We are happy to announce that we have made a $47M growth equity investment in Igloo Software, the Kitchener, Ontario based digital workplace solutions provider. The investment is our first platform investment in Canada and comes from Frontier Fund IV. Igloo’s innovative human capital management product and strong growth led...

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Frontier Capital Announces $700 Million Fund V

December 06, 2017

Frontier Capital is happy to announce the close of its significantly oversubscribed $700 million Frontier Fund V. This is the fourth consecutive oversubscribed fund raised by Frontier and brings the total capital commitments received since Frontier’s inception in 1999 to $1.5 billion. The announcement marks the successful conclusion of a...

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Frontier Completes Exit of WilsonHCG Investment

October 19, 2017

Frontier Capital is pleased to announced that it has successfully completed an exit of its investment in Wilson Human Capital Group Inc. (WilsonHCG), a global leader in recruitment process outsourcing and human capital management. The exit follows CIP Capital’s strategic investment in WilsonHCG, which closed Oct. 6. During the period...

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Frontier Completes Exit of Simpli.fi Investment

October 03, 2017

Frontier Capital is very pleased to announce it has successfully completed an exit of its investment in Fort Worth, Texas-based Simpli.fi. The company was acquired by GTCR on September 28. Frontier’s involvement helped Simpli.fi solidify its position as a leading digital advertising platform that enables the largest buyers of localized advertising, including...

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Wellness Provider Viverae Expands Reach with Acquisition of SimplyWell

September 19, 2017

Viverae®, a leader in workplace wellness technology, proudly announces the acquisition of health and wellness company, SimplyWell. Founded in 1998 by a group of medical professionals in Omaha, Nebraska, SimplyWell shares the same values and fundamental approach to wellness as Viverae. The acquisition will expand Viverae's reach, and the company...

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GTCR to Acquire Majority Stake in Simpli.fi

September 01, 2017

Investment to Support Growth of Leading Platform for Local Programmatic Advertising Simpli.fi, the programmatic advertising platform that delivers localization and personalization at scale, announced today that GTCR, a leading Private Equity firm based in Chicago, IL, will acquire a majority stake in the company. The investment from GTCR, along with...

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Simpli.fi Named to Fast Tech 2017

August 30, 2017

For the second year in a row, The Dallas Business Journal has recognized Simpli.fi as one of the 20 fastest growing companies in tech.  The 2017 Fast Tech rankings were announced last Friday night at the annual Tech Titans Awards Gala. Fast Tech recognizes the fastest growing technology, media, telecom, life...

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Dinova and Tripism Partner on Business Travel Review App

August 03, 2017

Dinova and Tripism Partner on Business Travel Review App to feature Restaurants that are Business Dining Preferred Atlanta (August 1, 2017) – Dinova, Inc. and Tripism, Ltd announced today an integrated product and marketing partnership that will redefine how business travelers find and rate restaurants for their business dining needs....

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Dinova Recognized as one of the 40 Fastest-Growing Companies in Georgia

June 23, 2017

Atlanta (June 23, 2017) – Dinova, Inc., the only innovative proprietary marketplace exclusively focused on connecting business diners to restaurants nationwide, was recognized last night at the Association for Corporate Growth® (ACG) annual Atlanta Chapter Georgia Fast 40 Awards Gala.  The ACG is a global professional organization with the mission...

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ECI to Become Vibe HCM Inc. Following Acquisition of cFactor Works Inc.

May 25, 2017

Electronic Commerce Inc. to Become Vibe HCM Inc. Following Acquisition of cfactor Works Inc. CHARLOTTE, N.C. – Electronic Commerce Inc. (ECI), a leading SaaS payroll and HR provider, today announced it has acquired cfactor Works Inc. and its award-winning product suite Vibe HCM in a move that will create an...

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Dinova Business Dining Marketplace Reports 45% Growth in Q1 2017

May 22, 2017

Dinova, Inc., the only innovative proprietary marketplace exclusively focused on connecting business diners to restaurants nationwide, announced its first quarter marketplace results. Business dining spend through Dinova's marketplace has increased an astounding 45.34% in the first quarter of 2017, with a 39.9% growth in the number of business dining transactions...

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Frontier Announces Investment in Atlanta-based Dinova, Inc.

May 02, 2017

Frontier is very excited to announce the completion of a growth equity investment in Dinova, the only company exclusively focused on connecting business diners to quality restaurants and caterers nationwide. With a proprietary marketplace of more than 14,000 restaurants and corporate partners that include hundreds of Fortune 500 companies and...

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Frontier Successfully Exits NetDocuments

March 27, 2017

Frontier Capital is pleased to announce that NetDocuments, the leading provider of cloud-based software-as-a-service (SaaS) document and email management solutions to the legal vertical, has been acquired by Clearlake Capital. Since Frontier’s 2014 investment, CEO Matt Duncan and his team rapidly transformed NetDocuments from a niche provider into the recognized...

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Frontier Capital Names Scott Hoch, Seth Harward Partners in Firm

February 08, 2017

Frontier Capital, a Charlotte-based growth equity firm focused exclusively on software and tech-enabled business services companies, has named Seth Harward and Scott Hoch partners in the firm. Harward and Hoch previously both held the position of principal. They join co-founders and managing partners Richard Maclean and Andrew Lindner and partners...

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talentReef Business Momentum Continues with Record-Breaking Results and Profitable Growth in 2016

January 23, 2017

DENVER, CO — January 23, 2017 — talentReef, the market-leading cloud provider to recruit, hire, and manage the Service Industry's Hourly workforce, announced best ever financials in 2016. talentReef's achievements were anchored by significant new customer wins in the retail, grocery, hotel/hospitality, and entertainment sectors; along with broad adoption across...

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Another Big Customer Win for Frontier Capital's NetDocuments

January 11, 2017

NetDocuments, the leading cloud-based document and email management (DMS) provider for law firms and corporate legal departments, landed another big customer win with the addition of King & Spalding. The international, award-winning firm joins the hundreds of law firms and corporate legal departments who became part of the global NetDocuments...

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Frontier Capital Announces Investment in AccessOne

January 05, 2017

Frontier is very excited to announce the completion of a majority equity investment in AccessOne, a leading technology-enabled financial engagement platform that helps patients manage their out-of-pocket healthcare costs while offering hospitals a comprehensive, compliant and patient-friendly solution for improving access to care and collection of patient receivables.   Founded...

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Frontier Successfully Exits Healthx

January 04, 2017

Frontier Capital portfolio company, Healthx Inc, recently announced a strategic growth investment from JMI Equity. This marks the culmination of our successful five-year partnership with Healthx, a leading provider of digital cloud-based engagement tools that help health plan members improve their health and healthcare payers reduce administrative costs.  Since investing...

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Frontier Capital’s Aviacode Acquires Revant Solutions

January 04, 2017

Aviacode, a leader in professional fee coding, has acquired the assets of Florida-based Revant Solutions, a long-time provider of facility coding outsourced services. Aviacode will retain the majority of Revant’s full-time facility coders, auditors and operations managers, and obtain the company’s existing clients, including one of the largest medical care...

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Frontier Capital Tech Titans Awards Finalist

August 25, 2016

Frontier Capital was proud to be a finalist for “Investment Catalyst” as part of the Tech Titans Awards, sponsored by the Metroplex Technology Business Council in Dallas. This year’s honor, which Frontier earned in 2013, went to newly established Dallas-based venture capital fund Hangar Ventures for its focus on making...

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Frontier Capital Named as a Finalist for the ACG Arizona Deal of the Year Award

April 25, 2016

The finalists have been announced for ACG Arizona's "Deal of the Year" Award, which will be presented at a dinner on Tuesday, May 10 at the Arizona Biltmore Resort & Spa Gold Ballroom. The "Deal of the Year" award is given annually to a company or private equity firm in recognition of their...

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HIMSS 2016 - "What Happened In Vegas"

March 17, 2016

It was fitting that HIMSS returned to Las Vegas because like Vegas, in a word, HIMSS16 was consistent. There were many of the same old problems: out of control costs, a far-from retail-like consumer experience, providers struggling to adapt to changing care delivery and reimbursement models, and siloed data creating challenges...

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Billion-dollar Charlotte investor eyes Phoenix for tech investments

February 03, 2016

Phoenix Business Journal - Feb 2, 2016, 10:14pm MST  Frontier Capital LLC, a Charlotte, North Carolina-based growth equity investor with nearly $1 billion in assets under management, has its eye on the Phoenix market. The company invests in the software industry, making its debut last year with a $30 million investment in...

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How PlanetRisk Predicts the Future With Big Data

January 27, 2016

Big data is a window to the future if you have the right tools. Projecting any threats that might arise in the future and offering ways to stop them is exactly how McLean, V.A.-based PlanetRisk uses the power of advanced data collection, visualization and analysis. "It's a holistic look at...

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Startups Don't Need Unicorn Aspirations to Attract Investor Attention

January 04, 2016

Richard MacLean, Managing Partner at Frontier Capital and Contributor - Entrepreneur.com (December 30, 2015) Are unicorns real? That’s a question a lot of investors have to be asking themselves these days. To investors a "unicorn" refers to privately held companies with valuations of $1 billion or more. At last count, there are 145...

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InteliSecure Named Symantec's North American Managed Innovation Partner of the Year at 2015 Partner Engage Awards

December 08, 2015

DENVER, CO--(Marketwired - Dec 8, 2015) - InteliSecure, the leading managed security service provider (MSSP) delivering critical asset protection for enterprise organizations globally, today announced it has been recognized by Symantec Corporation as its North American Managed Innovation Partner of the Year. The honor was bestowed at Symantec's 2015 Partner Engage...

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HR Tech Conference Showcases “Fifth Inning” of SaaS, Other Trends in $10 Billion Industry

November 17, 2015

It’s hard to believe another HR Technology Conference has come and gone. As active investors in the broader HR software and services segment, it’s always incredibly insightful to mingle with innovative new companies, attend demonstrations of the latest HR tech/human capital management solutions and brainstorm strategies with our portfolio companies...

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GrowthCap’s Top 40 List Names Frontier Partner

October 07, 2015

Congratulations to Frontier Capital Partner Joel Lanik! Joel has been named as one of GrowthCap’s Top 40 Under 40 Growth Investors for 2015. As a partner at Frontier Capital, Joel's primary focus is on the firm’s Managed IT and HCM Software and Services investment activities. He started his investing career...

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Viverae’s Impressive Growth in $6B Workplace Wellness Industry Recognized Nationally

September 21, 2015

Viverae, a workplace wellness provider based in Dallas, experienced an 86 percent increase in revenue in the last three years, a highly impressive growth rate that continues to draw attention on a national—and local—scale. In August, Viverae made the Inc. 5000 list of the nation’s fastest growing companies for the fifth...

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Frontier Extends Reach Into Healthcare, Revenue Cycle Management with Aviacode Investment

September 14, 2015

Frontier has long been interested in healthcare information systems, with portfolio companies focused on everything from health and data management software to online clinical research networks to various segments within Revenue Cycle Management (RCM). This last segment has been increasingly attractive for us, as the industry is expected to grow...

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It’s a Hat Trick! Aviacode Investment Marks Third in Utah, Third of the Summer and Third from New Fund

August 18, 2015

The wins are coming in threes for Frontier this summer! Today’s announcement of our $16 million investment in Aviacode marks the third investment in Utah (after NetDocuments and MultiLing), the third of the summer (after ECI, Tango) and the third from our new $390 million growth equity fund. Based in Salt...

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Frontier Capital’s Viverae Makes Fortune’s Best Places To Work List

July 31, 2015

Congratulations to Viverae, which just earned the 18th position on Fortune Magazine’s list of "Best Places to Work" in the healthcare industry! According to the magazine, Viverae's ranking is due to praise by the vast majority of its 315 employees who, in "this friendly, team-oriented workplace, are given a lot of responsibility,...

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Summer 2015 Shining Bright for Frontier Capital and Portfolio Companies

July 26, 2015

This summer is going especially well for Frontier Capital and our portfolio companies across the country! In addition to announcing the first two investments from our new Fund IV, ECI and Tango, several of our existing companies have announced record growth, big sales, new leaders and awards of excellence across...

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Frontier Adds Tango to Expanding List of Portfolio Companies

July 14, 2015

Frontier Capital continues to build momentum with a second investment in as many months out of their new Fund IV, L.P. The portfolio company, Tango, is based in Dallas—an area proving especially fruitful for Frontier who now has four software and technology-enabled business services companies in the region. Tango is...

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In the News: NetDocuments Shares Continued Growth Resulting from 2014 Frontier Capital Investment

June 18, 2015

In July 2014, Frontier Capital invested $25 million in Utah-based NetDocuments in 2014, a cloud-based document and email management company. Find out why in this feature from the Daily Herald, and how NetDocuments has benefited from the invested in the year since. AN ARK IN THE CLOUDS Lehi-based NetDocuments's cloud...

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Welcome to the Family, ECI!

June 04, 2015

Human Capital Management Provider Receives First Investment from New $390M Fund Frontier Capital is pleased to announce its investment in Electronic Commerce, Inc. Based in Elkhart, IN, ECI provides a fully unified, cloud-based human capital management (HCM) software (SaaS) solution for the entire employee lifecycle. Frontier’s $40 million majority growth investment...

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HIMSS Grows Along with the Rise of IT Healthcare Solutions

May 08, 2015

The mega growth of IT healthcare solutions continues, as Frontier Capital experienced firsthand at the Healthcare Information and Management Systems Society (HIMSS) conference in Chicago last month. This growth is obvious with this year’s conference drawing more than 40,000 attendees and 1,300+ exhibitors. After visiting more booths than we can count...

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Four Healthcare Trends Spur Innovative Technology Solutions

April 20, 2015

A main area of focus for Frontier Capital’s investment strategy is healthcare technology. Several factors make this an attractive market and Managing Partner Andrew Lindner and Principal Scott Hoch had an opportunity recently at an AON conference to discuss some of the healthcare trends and how technology companies can help minimize...

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2015 Trends: Cyber Security, Big Data and SaaS, Oh My

March 17, 2015

Last week’s Oasis: The Montgomery Summit in Santa Monica confirmed what we at Frontier Capital had been seeing this year: Cyber security, big data and back office cloud software for small and mid-market companies are the trends in big demand. Here’s more about what Scott Hoch, one of our principals...

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JP Morgan Healthcare Conference Perspective: It's all about the consumer

February 12, 2015

By Scott Hoch, principal, Frontier Capital The age of a consumer-driven healthcare system is upon us. Just ask the leading system providers, carriers and consulting firms who attended last month’s JP Morgan Healthcare Conference in San Francisco. This rapid transformation to a system where the consumer is driving health care decisions is...