AUSTIN, Texas & LITTLETON, Colo. & WALNUT CREEK, Calif.–(BUSINESS WIRE)–August 4, 2020–
ASG, a portfolio firm of Alpine Investors that buys, builds, and operates vertical SaaS firms, at present introduced that it has acquired extendedReach, a case administration software program for baby and household social service businesses. extendedReach will be a part of forces with KaleidaCare, a care administration software program for foster care and social companies organizations that was acquired by ASG in 2018. Together, these two business main organizations can mix their collective expertise and deep experience to create a extra various suite of merchandise to serve a rising human companies market.
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This deal marks the 26th acquisition for ASG and the fourth within the ASG Behavioral Health vertical.
“We are incredibly excited to bring together extendedReach and KaleidaCare, the two leading players in foster, child and family services software and expand our footprint in the broader Behavioral Health market,” stated Jake Brodsky, Co-Founder & Head of Corporate Development at ASG. “extendedReach has continued to innovate and create a robust product suite for this market. We look forward to supporting their continued growth and long-term vision for serving social services agencies.”
extendedReach, based in 1999 by Matt Bidwell and Adam Fenstermaker, is headquartered in Littleton, CO and serves over 12,000 baby and household professionals throughout 30 states. Matt, CTO, and Adam, COO, will proceed to steer extendedReach in partnership with Katie Cortes, CEO of KaleidaCare.
“Matt and I look forward to this next chapter for extendedReach as we join the ASG family of companies,” stated Adam Fenstermaker, COO of extendedReach. “This acquisition further strengthens extendedReach’s position as a leading case management software. The support from ASG and our ongoing partnership with KaleidaCare will help us continue to innovate and grow our software to serve foster care and social services agencies for many years to come.”
ASG and its associates, backed by Alpine Investors, is a singular and fast-growing software program enterprise that buys, builds, and operates market-leading vertical SaaS firms. ASG believes deeply within the energy of individuals and knowledge to develop nice organizations, and that sharing information, experience, and assets throughout its neighborhood of companies drives exponential progress. Founders of main SaaS firms proceed to belief ASG to develop their companies and construct even stronger legacies for the longer term.
Based in Austin, Texas, KaleidaCare is a web-based care administration and billing answer targeted on the wants of social service organizations. KaleidaCare empowers businesses to boost care choices, safeguard licensing, and shield funding. Our software program offers resolution makers entry to a whole image of look after particular person purchasers and for mixture outcomes. KaleidaCare’s prospects are supported by master-level social employee and scientific consultants that assist prospects frequently evolve to satisfy altering necessities. For extra info, go to us at www.kaleidacare.com.
extendedReach is a number one web-based answer for managing foster care, residential, behavioral well being, and different community-based packages. extendedReach has served baby and household social service businesses in over 30 states and Canada since 1999. The extendedReach platform offers these businesses with a customizable answer to streamline their processes, enhance compliance, and observe info successfully and constantly. For extra info, go to http://www.extendedreach.com/.
About Alpine Investors
Alpine Investors is a people-driven non-public fairness agency that’s dedicated to constructing enduring firms by working with, studying from, and creating distinctive individuals. Alpine makes a speciality of middle-market firms within the software program and companies industries. Its PeopleFirst technique features a CEO-in-Residence program the place Alpine companions with CEOs first and locations them into firms as a part of the transaction. This offers a definite answer for conditions the place further or new administration is desired post-transaction. For extra info, go to http://www.alpineinvestors.com/.