GCR, a portfolio company of Clearview Capital, has acquired PCC Technologies, a software-as-a-service company.
PCC provides state and local governmental agencies with software that is used for election management and administration, campaign finance, business registration and compliance, and land management. The company has provided its software and services to customers in 23 states. PCC was founded in 1994 by Jeffrey Long and is based in Windsor, CT (www.pcctg.com).
GCR, acquired by Clearview in December 2011, provides data management and software products to customers in the public sector, aviation and utility markets. The company is headquartered in New Orleans (www.gcrincorporated.com).
“GCR is a terrific platform business that with the acquisition of PCC has tripled in size since our initial investment four years ago,” said James Andersen, Co-Founder and Managing Partner of Clearview Capital. “We look forward to working with GCR’s management team to achieve additional growth in the months and years ahead.”
This is the second add-on acquisition completed by Clearview since acquiring GCR. The earlier add-on was the buy of Quest Information Systems – a provider of voter information and registration, elections and campaign finance software – based in Indianapolis (www.questis.com).
PCC in combination with GCR and Quest now has experience with 31 state and local agencies. “The acquisition of PCC allows GCR to continue its national IT expansion plans,” said Paul Caliento, a partner of Clearview Capital. “PCC also augments GCR’s talent pool, with terrific additions of experienced management, a technology bench of more than 40 developers here in the US, and a pool of more than 200 developers in India via a long standing PCC partnership.”
Clearview Capital was founded in 1999 by James Andersen and Calvin Neider and is headquartered in Old Greenwich, CT with additional offices in Chicago and Los Angeles (www.ClearviewCap.com).
© 2016 Private Equity Professional • 2-9-16
