#United States #Westport #Thoma Bravo #Gemspring Capital #OPEXUS

Gemspring Capital Completes Strategic Sale of OPEXUS

Gemspring Capital Management, LLC, a recognized private equity firm operating in the middle market, has recently completed the sale of OPEXUS, a pioneering provider of government process management software. The transaction involved the acquisition of OPEXUS by an affiliate of Thoma Bravo, a prominent private equity firm, signaling a significant shift in the landscape of government services technology.

Since its inception in 1998 and particularly under the guidance of Gemspring since 2021, OPEXUS has solidified its standing as a leader in FedRAMP-certified software solutions that cater specifically to government institutions. With a credible track record spanning three decades, OPEXUS supports over 200 public sector clients and caters to approximately 100,000 government users, specializing in the digitization of complex government processes. Their solutions significantly streamline operations and reporting mechanisms, ensuring adherence to high standards of privacy and security.

The merger of OPEXUS with Casepoint, an established leader in data discovery technology for litigation and investigations, represents a strategic initiative aimed at creating a more robust platform that combines strengths in process management and data compliance. This synergistic alliance is expected to amplify the capacity to serve both governmental and commercial clients more effectively.

OPEXUS’s CEO, Howard Langsam, expressed enthusiasm for the merger, stating, “Gemspring has been an invaluable partner to OPEXUS. Their support has been instrumental in our growth and market position. We are excited to combine forces with Casepoint to further enhance our ability to deliver innovative solutions to our customers.” Such sentiments reflect a positive forward-looking approach as the company embarks on this new chapter.

Aron Grossman, Managing Director at Gemspring, elaborated on the fruitful partnership, highlighting the transformative journey shared with the OPEXUS team during a significant growth period. “We eagerly anticipate supporting the newly combined entities and exploring the next phase of innovation and growth alongside management and Thoma Bravo,” he remarked.

Under Gemspring’s stewardship, OPEXUS reached crucial milestones in expanding its customer base and enhancing its product offerings, cementing its leadership role within the GovTech sector. The strategic merger with Casepoint not only emphasizes the mutual benefits expected from this union but also positions the new entity to meet the evolving needs of government services more comprehensively.

Legal counsel for this transaction was provided by McDermott Will & Emery LLP, reinforcing the legality and strategic considerations behind this notable sale.

About OPEXUS

With a strong presence in Washington, D.C., OPEXUS leads in providing FedRAMP-certified process management software tailored explicitly for public institutions. The company’s operational excellence enables government agencies to focus on mission-critical tasks while leveraging cutting-edge technology for streamlined audits, investigations, FOIA requests, and labor management.

About Gemspring Capital

Gemspring Capital, based in Westport, Connecticut, administers $3.8 billion in capital and prides itself on providing flexible investment solutions tailored to middle-market enterprises. Its strategic partnerships with leading management teams focus on fostering growth, driving revenue, and establishing sustainable competitive advantages across various sectors, including technology, healthcare, and financial services.

This strategic sale is poised to redefine OPEXUS’s operational capabilities and market reach, indicating the potential within the GovTech sector to adapt and thrive in the changing landscape of public service delivery.