PORTSMOUTH, NH / BOSTON, MA — Riverside Partners, a Boston-based private equity firm, announced today that it has completed its equity investment in Loftware (“Loftware” or the “Company”).
Headquartered in New Hampshire, with offices in Europe and Asia, Loftware provides supply chain software to over 5,000 customers, across 25 major industries to meet their customer-specific, geographical and regulatory labeling requirements. Loftware’s labeling solutions facilitate high-volume label printing and streamline operations, while simultaneously reducing costs, and increasing customer satisfaction.
“Loftware stands alone when it comes to meeting the high volume, complex, and mission-critical labeling needs of large, global companies,” said David Belluck, a General Partner at Riverside Partners who will join the company’s Board of Directors. “We are pleased to complete this investment and to partner with Loftware's talented and experienced management team on the next phase of the company’s growth.”
We are pleased to complete this investment and to partner with Loftware’s talented and experienced management team on the next phase of the company’s growth. David Belluck General Partner, Riverside Partners
“We are excited that Riverside Partners has recognized our market leadership and has chosen to partner with our growing company,” said Robert O'Connor, Jr. President and CEO of Loftware. “Riverside Partners’ experience investing in and growing leading enterprise software companies will prove invaluable as we continue to build on Loftware’s track record of high growth, further expand our global reach, and maintain our relentless focus on the enterprise labeling market.”
Choate, Hall & Stewart LLP provided legal counsel to Riverside Partners. Signal Hill served as financial advisor to Loftware and Golenbock, Eiseman, Assor, Bell & Peskoe LLP and Bernstein Shur served as legal counsel to Loftware.
About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. Today, Riverside Partners manages $1 billion of equity capital and seeks to make investments in companies with revenues between $20 and $200 million and with $5-$25 million of EBITDA. For more information, please visit www.riversidepartners.com.
About Loftware
Loftware, Inc. is the global market leader in Enterprise Labeling Solutions with more than 5,000 customers in over 100 countries. Offering the industry’s most comprehensive labeling solution, Loftware’s enterprise software integrates SAP®, Oracle® and other enterprise applications to produce mission-critical barcode labels, documents, and RFID Smart tags across the supply chain. Loftware’s design, native print, and built-in Business Rules functionality drives topline revenue, increases customer satisfaction, and maximizes supply chain efficiency for customers. With over 25 years of industry leadership, Loftware’s enterprise labeling solutions and best practices enable leading companies to meet their customer-specific and regulatory requirements with unprecedented speed and agility. For more information, please visit www.loftware.com.
Riverside Partners Contact:
Jon Lemelman
General Partner
617-351-2810
jlemelman@riversidepartners.com