Aurora Capital Partners has acquired Softdocs, a provider of cloud-based process automation and document management software for education and government institutions. Financial terms of the transaction were not disclosed.
Softdocs provides enterprise content management and workflow automation software purpose-built for higher education, K-12 schools and government organizations.
Its platform helps institutions securely manage documents, automate administrative workflows and modernize operational processes.
The software is designed to reduce manual work while helping institutions navigate fragmented technology environments and evolving security, compliance and accessibility requirements.
Softdocs’ products are used by more than 1,000 organizations worldwide.
Aurora plans to work with Softdocs’ management team to accelerate product development, add capabilities and expand the company’s market reach.
The acquisition gives Aurora exposure to increasing demand among education and government institutions for modernization of document-heavy administrative processes.
Los Angeles-based Aurora manages approximately $6 billion in assets and focuses on middle-market companies with established market positions and opportunities for further growth.
Baird and Raymond James served as financial advisers to Softdocs, while Alston & Bird provided legal counsel.
Macquarie Capital served as financial adviser to Aurora, with Gibson, Dunn & Crutcher providing legal counsel.
KEY QUOTES:
“Softdocs has built a leading platform with a strong market position, attractive business model and specialized expertise addressing the complex needs of education and government institutions. We see significant opportunity to build on that foundation and look forward to partnering with Adam and the Softdocs team to accelerate the development of new capabilities and expand the Company’s reach.”
Rob Fraser, Partner at Aurora Capital Partners
“Our purpose has always been to enable the public sector to focus on their missions of improving people’s lives. With Aurora’s partnership, we look forward to continuing to deliver innovation while bringing even greater value to the organizations we serve.”
Adam Park, Chief Executive Officer of Softdocs
“The need for more efficient, technology-enabled processes across education and government continues to increase. Softdocs has a clear opportunity to help institutions modernize critical workflows, improve operational efficiency and navigate increasingly complex technology and compliance requirements.”
Bianca Sganga, Principal at Aurora Capital Partners
