Equity firm gives GovQA financial boost
WOODRIDGE -- GovQA, a provider of government enterprise workflow software, recently received a significant investment from Charlotte, N.C.-based growth equity firm Frontier Capital.
Frontier's onvestment is intended to support GovQA's roll out of its Exchange Workflow Platform to government agencies across the country, according to a release from Frontier. The amount of the investment was not announced.
For the last seven years, CEO John Dilenschneider has grown GovQA's Exchange Workflow Platform to handle high-volume workflow processes for almost 700 cities, counties, and state agencies. Governments use its secure SaaS-based platform to process a variety of work streams for open records, interagency, subpoena, correspondence, and other complex workflow and case management activities.
Frontier Partner Michael Ramich and Vice President Tim Bechtold will join GovOA's board of directors. The investment in GovQA comes from the firm's $700 million Frontier Fund V, which closed in 2017.
"Government agencies' management of public records requests, subpoenas, and other correspondence is antiquated," said Ramich. "GovQA's exceptional growth and pioneering software solutions highlight the increased demand for government agencies to increase transparency, limit risk, ensure compliance, and improve performance."