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VC3 and WestView Capital Announce Spin-Off of and Growth Equity Investment in Cognito Forms
VC3, Inc. (“VC3”), a leading provider of managed IT services to the municipal government sector, and WestView Capital Partners (“WestView”), a Boston-based private equity firm focused on middle market growth companies, announce the spin-off of and growth equity investment in Cognito Forms.
Originally founded in 2013 as part of VC3’s Research and Development Lab, Cognito Forms has established itself as a leading online form builder and data/payment collection platform. In only a few years, Cognito Forms has built a worldwide customer base, helping thousands of businesses and organizations enhance their workflow and increase efficiency through powerful, easy-to-create forms.
“We are very excited to spin-off Cognito Forms as its own company independent from VC3. The Cognito team has worked very hard to reach the milestone where the company’s revenue and customer base are at critical mass, enabling them to operate comfortably on their own,” said David Dunn, Founder and CEO of VC3. “The big news is that this is another Columbia, SC technology success story – a rapidly growing SaaS company with aggressive hiring plans and a great future ahead of them.”
“We are excited to support Cognito’s spin-off from VC3 by providing growth capital. Cognito Forms hits the ground running with mature operations and a seasoned management team. Our investment ensures that the company will have the financial resources necessary to continue its rapid growth,” said Matt Carroll, General Partner of WestView.
Cognito Forms is based in Columbia, SC and led by Jamie Thomas, CEO and Jennifer Dellacroce, President.
“We’re very excited to begin the next phase of our journey establishing the best online form builder in the world. We have an amazing and passionate team, a wonderfully historic new office space in the heart of downtown Columbia, and a clear vision for empowering people to easily create their own solutions and get stuff done,” said Jamie Thomas, CEO of Cognito Forms.
VC3 is a leading managed services provider with a unique focus on the municipal government sector. Founded in 1994 and headquartered in Columbia, South Carolina, VC3 offers a full suite of cloud and Managed IT solutions including application management, infrastructure hosting, custom software, communications, and web development. For more information, please visit www.vc3.com.
About Westview Capital Partners
WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages approximately $1.7 billion in capital across four funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth, and consolidation transactions in industries such as business services, software and IT services, consumer, healthcare technology and outsourcing and growth industrial. WestView invests in companies with operating profits between $3 million and $20 million with investment sizes ranging from $10 million to $60 million. For more information, please visit www.wvcapital.com.
About Cognito Forms
Cognito Forms is a powerful online form builder with an easy to use drag-and-drop interface. Offering the most robust set of features on the market, Cognito Forms empowers people to quickly build the solutions they need themselves — no developer required. Businesses and organizations of any size can easily create sophisticated online forms that collect information and payments, handle complex calculations, integrate with their existing software, and seamlessly blend into their existing websites or applications.
All types of business and organizations from all across the world (ranging from non-profits and universities to governments and healthcare providers) use Cognito Forms to streamline their work processes and boost their productivity. Learn more at www.cognitoforms.com.