San Francisco-based private equity firm Mainsail Partners has acquired nCourt. No financial terms were disclosed. Based in Kennesaw, Georgia, nCourt is a provider of online and by phone payment solutions for municipal and county courts.
Kennesaw, GA (PRWEB) November 07, 2013
Mainsail Partners, a San Francisco-based growth equity firm focused on investing in fast-growing bootstrapped businesses, has partnered with the company’s management team to acquire nCourt, the leading provider of online payment solutions for municipal and county courts and government agencies. The company, based in the Atlanta area, serves more than 2,000 local government partners across the United States. Mainsail’s investment included growth capital to fund continued development of nCourt’s industry-leading technology solution to better serve the company’s existing customer base. Additionally, capital will be used to support expansion opportunities and pursue acquisitions.
“This is an exciting development for our company,” said David Morris, nCourt CEO. “We are proud of the business we’ve built and our ability to serve our court partners. We exist to give our partners and our users the benefits of faster, easier, and more pleasant interactions, and with Mainsail’s help we’ll be able to deliver this more effectively and to an ever-broader group of court partners.”
nCourt’s best-in-class technology solution helps to bridge the gap between local government and citizens by enabling courts to accept and process payments over the web or by phone. The service, which is free to the courts, reduces paperwork and processing expenses and increases convenience and efficiency for both the courts and the citizens that interact with them.
“It was very important for us to find a partner who understood the online payments space and could help the team realize their long term goals,” said Robert Levine, Founder and Chairman of nCourt. “We found just that in Mainsail, and we are excited about the future for our customers and employees.”
“The company should continue to benefit from both increased adoption of online payment capabilities by courts and higher utilization of online payments by the constituents,” said Gavin Turner, a Managing Partner at Mainsail. nCourt marks Mainsail’s second investment in an online payments company. In 2010, Mainsail invested in Paylease, an online payment solution provider for the property management space.
Stephen Wolfe, a Principal at Mainsail, will join Turner on the nCourt board. “Mainsail expects to apply many of the lessons learned from working with PayLease to accelerate the adoption of online payments within nCourt’s government agency partners,” added Wolfe.
nCourt recently moved its headquarters from Woodstock, GA to a 17,000-square-foot facility in Kennesaw, GA, to accommodate expansion of the team. To learn more about nCourt’s solution, visit http://www.ncourt.com.
nCourt is the leading provider of online and by phone payment solutions for municipal and county courts. The company serves more than 2,000 government partners across the United States by providing payment options for traffic citations, property taxes, utilities and court fines, among other services. nCourt’s industry-leading technology solution, which is free to courts, helps to reduce paperwork and processing expenses while increasing convenience and efficiency for both the courts and payees.
About Mainsail Partners:
Mainsail Partners is a leading growth equity firm that invests in growing, bootstrapped businesses and helps build them into industry-leading companies. Mainsail leverages a dedicated team of experienced operators and a powerful network to accelerate growth at the firm’s portfolio companies. The San Francisco-based firm has raised nearly $400 million in committed capital to back outstanding entrepreneurs. Mainsail’s recent investments include Netchemia, a K-12 Talent Management Suite, and Zen Planner, a leader in cloud-based business management software for the health and fitness industry. For more information, visit http://www.mainsailpartners.com.