Waud Capital Partners and George Ahn Unite for New Software Ventures

Waud Capital Partners, a prominent private equity firm based in Chicago, has unveiled its strategic future with industry veteran George Ahn as it embarks on a new campaign focusing on vertical application software. This marks the next step in a partnership that has flourished over nearly ten years.

George Ahn, with over three decades of in-depth experience in software management, is poised to lead this initiative. He has been instrumental in past successes, including the acquisition and expansion of iOFFICE, a provider specializing in workplace management software, and Integrated Practice Solutions (IPS), which focuses on retail healthcare solutions. His impressive background includes leadership roles at giants like IBM, PeopleSoft, and TIBCO, demonstrating his ability to navigate the complexities of the software industry.

A New Chapter in a Successful Partnership

The renewed collaboration between Waud Capital and Ahn aims to identify and invest in leading vertical software companies, leveraging their extensive knowledge and resources to create substantial impactful opportunities. Ahn expressed enthusiasm about this new chapter, highlighting the successful outcomes of their decade-long alliance. "The partnership that we have built and the results that we have achieved together over the last ten years are highlights of my career," he remarked.

The duo's previous ventures showcase their commitment to growth. Notable achievements include developing IPS and its associated health software brands like ChiroTouch and ClinicSource into a leading Healthcare IT (HCIT) platform. Furthermore, Ahn's role as CEO led iOFFICE through transformational growth strategies, culminating in a successful sale that underscored its stature in the market.

Consistent Value Creation

Waud Capital’s philosophy centers on forming long-term relationships with exceptional leaders to establish market-leading enterprises. The firm’s Co-Head of Software Technology, Matt Clary, emphasized the importance of Ahn's involvement, stating, "Partnering with exceptional leaders like George is the foundation of our investment philosophy."

The results driven by their partnership are evident—over the years, Ahn's leadership has been linked to the formation of high-performing companies, as observed during his previous tenures at iOFFICE and IPS. His knack for operational excellence, combined with a deep understanding of the software landscape, positions Waud Capital and Ahn's team to efficiently tackle industries' demands and challenges ahead.

Waud Capital is committed not only to its growth but to the delivery of long-lasting value to clients, shareholders, and teams involved. The firm has effectively completed more than 480 investments since its inception in 1993, marking its place as a leader in private equity.

As they embark on this promising venture, both Waud Capital and George Ahn look forward to leveraging their unique strengths, extensive networks, and proven strategies to build a formidable software enterprise. The excitement surrounding their recent announcement is palpable, suggesting that their partnership will continue to yield successful outcomes in the software sector.

About Waud Capital Partners

Founded in 1993, Waud Capital Partners has established itself as a formidable player in the private equity space, focusing on growth-oriented investments in healthcare and software technology. With a keen eye for opportunity, Waud Capital continues to partner with experienced management teams and build companies that lead in their respective markets.

For more information on Waud Capital's initiatives and investment philosophy, visit www.waudcapital.com.