ROCHESTER, NY – October 11, 2017: BCC Software, LLC (“the company”) a premium provider of address quality, postal software, and data based solutions, is pleased to announce that Thompson Street Capital Partners (“TSCP”) has acquired the company from affiliates of Versa Capital Management, LLC (“Versa”).
This investment by TSCP, based in St. Louis, MO, deepens BCC Software’s commitment to the current needs of their customers while fueling investment for their continued growth.
“BCC Software’s commitment to our customers, our partners and the mailing industry has never been stronger. We are thrilled to be working with the proven team at Thompson Street Capital Partners to enable and expedite new solutions and services that will strengthen and enhance direct communications for our customers,” said Chris Lien, President of BCC Software. “We also thank Versa Capital who supported our growth and helped us refine our strategy.”
BCC Software has been a premium software provider for direct mail owners, marketers, and printers for nearly 40 years. Best known for its flagship BCC Mail Manager products, the company continues to produce new, award winning products like the Integratec API solution launched last year. It is this legacy of innovation that caught the eye of Thompson Street Capital Partners.
Jim Cooper, Managing Partner, TSCP, said, “We’re very excited about partnering with this excellent company and its fine management team. BCC Software has a long and successful history of serving its customers – including financial, healthcare, retail, insurance, publishing and mail service providers – drawing upon its nearly 40 years of postal software experience.”
Mr. Cooper added, “Thompson Street and BCC Software are now both working in tandem toward the same goals – to investigate new market channels and create solutions that maximize the power of customers’ communications.”
BCC Software had been owned by affiliates of Versa Capital, which is based in Philadelphia, PA, since 2014, when Versa re-established BCC Software as a standalone company after a spinout from one of its other portfolio holdings. The acquisition by TSCP positions BCC Software to continue to build on the growth path that was established following the spinout.
“Working closely with Chris Lien and his team, we are pleased with all that BCC Software has accomplished together over the past several years, and we know that BCC Software is well positioned for continued success as it enters this exciting new chapter,” said Gregory Segall, CEO of Versa Capital Management, LLC.
Chris Lien added, “BCC Software is continuing to lead the industry in providing direct access to trusted data quality and mail deliverability solutions that enhance and enable multichannel direct communications. We look forward to expanding our capabilities and application of our solutions throughout the supply chain with the same proven ‘How Can We Help’ attitude that continues to enable thousands of customers to process tens of billions of direct communications annually.”
About BCC Software, LLC:
Based in Rochester, NY, BCC Software creates innovative postal software solutions and provides extensive data marketing services. The company was founded in 1978 and employs approximately 80 people. More information on BCC Software can be found at www.bccsoftware.com or by calling 800.624.5234.
About Thompson Street Capital Partners:
Thompson Street Capital Partners (TSCP) is a St. Louis-based private equity firm that invests in growing niche leaders within the middle market space. It has acquired more than 100 companies in the Healthcare & Life Science Services, Software & Technology Services and Business Services & Engineered Products sectors and has managed more than $1.5 billion since being founded in 2000.
About Versa Capital Management, LLC:
Based in Philadelphia, Versa Capital Management, LLC is a private equity investment firm with more than $1.4 billion of assets under management focused on control investments in special situations involving middle market companies where value and performance growth can be achieved through enhanced operational and financial management. Versa has a diverse portfolio of North American businesses including Allen-Vanguard International, Avenue Stores, BridgeStreet Global, Polartec, SynCardia Systems, and Silver Airways. More information can be found at Versa.com.