Procare Software, a Medford, Ore.-based global leader in child care management solutions, received a majority investment from global growth private equity firm TA Associates.
The financial terms of the transaction were not disclosed.
Founded in 1992 by President Jeffrey Blum, Procare provides integrated payment processing, software, hardware and data hosting to child care businesses and organizations to streamline management, administration and recordkeeping. Procare’s payment processing offering, Tuition Express®, allows for automated collection of tuition, fees and other payments, and is directly integrated into the company’s software suite which includes modules to track student attendance, immunizations, menus and meals, parent and emergency contact information, and government assistance for families.
Modules are also available to manage employee administration and payroll. Procare serves more than 25,000 child care providers worldwide in diverse business settings, including single-location child care centers, established child care chains, preschool and after-school programs, enrichment programs, gymnastics clubs and child activity centers.
In conjunction with the deal, Jason S. Mironov, a Senior Vice President, and Todd R. Crockett, a Managing Director at TA Associates, will borh join the Procare Board of Directors.
FinSMEs
20/05/2015