Alpine invests in Escape Technology

Alpine Investors has made an undisclosed investment in Escape Technology. Dinan Capital Advisors served as sell-side adviser to Escape Technology. Based in Roseville, California, Escape is a provider of ERP software for K-12 schools.

PRESS RELEASE

SAN FRANCISCO & ROSEVILLE, CA – Alpine Investors (“Alpine”) announced that it has made an investment in Escape Technology, the leading provider of ERP software for K-12 schools in California.

Headquartered in Roseville, CA, Escape is the most powerful and comprehensive business system available to Unified School Districts and County Offices of Education. Escape offers an integrated suite of Finance, Payroll, and Human Resource modules that manage mission-critical budgeting and payroll processes for the unique needs of California school business. The Company has been implementing school business software for over three decades and has a strong reputation for its ease of use and customer support, boasting a market leading 85% Net Promoter Score (NPS).

Since inception in 1985, Escape has steadily grown by focusing on developing a best-in-class product and user experience. “The complexity of California regulations and strength of the Escape management team allow the Company to deliver superior customer solutions, responsiveness, and reliability,” said Will Adams, a partner at Alpine and now a board member at Escape. “We couldn’t be more excited to build upon Escape’s clear momentum and strong competitive positioning in the marketplace.”

Robert Towery, who had served as Escape’s CEO, will retire and the current Escape President, Ramona Marshall, will continue running the day-to-day-business operations. Ali Jenab, an Alpine CEO-in-Residence and part of the firm’s PeopleFirst program, has assumed the role as CEO at Escape.

Dinan Capital Advisors served as the sell-side advisor to Escape Technology.

“I am thrilled and honored to join Escape and lead us into the next chapter. This talented team has built a strong foundation for growth, and together, with Alpine’s support, we will enhance our ability to capture the opportunity in front of us and will further enhance the value we deliver to the market and our customers.”
– Ali Jenab

ABOUT ALPINE
Alpine Investors is a software and services focused private equity firm that differentiates itself through its PeopleFirst strategy. It’s PeopleFirst strategy includes a CEO-in-Residence (CIR) program, where Alpine partners with CEOs first and places them into companies as part of the transaction. This provides a unique solution for owners who are looking to sell a majority stake (70-100%), an opportunity to transition out of the day-to-day operations and want to see their business and employees continue to grow post close. Through its CIR program, Alpine has deployed 14 CEOs into companies since 2013. For more information, visit www.alpine-investors.com.