ParkerGale Invests in Secure Document Delivery Solutions Company, Biscom
WESTFORD, MA / ACCESSWIRE / January 13, 2022 / Biscom, Inc., a leading provider of enterprise fax and secure file transfer solutions for large enterprises in highly regulated industries announced today it has received a majority investment from ParkerGale Capital (ParkerGale). Terms of the transaction were not disclosed.
“I’m excited to partner with ParkerGale to see how we can take things up a notch as we build on our secure document delivery platform,” commented Bill Ho, CEO of Biscom. “As companies face ever-growing threats of data breaches, Biscom can provide solutions to reduce this risk while keeping essential information moving quickly.”
Biscom’s enterprise fax and secure file transfer solutions are used by over 1,700 clients across healthcare, financial services, insurance, government, and other sectors requiring the secure exchange of sensitive information. The need for these mission critical solutions at the enterprise level continues to increase as the technology provides an easy-to-use, secure, trackable, and auditable information exchange. The company’s key integrations with systems such as Cerner, Epic, Oracle, Outlook, and SAP enable clients’ mission critical workflows. Solutions can be enhanced to include sophisticated routing, OCR, processing and automation, and other advanced features, enabling businesses to increase operational efficiency.
Devin Mathews, a founding Partner of ParkerGale added, “Biscom has everything we look for in a company - mission critical products, world-class customer service, commitment to innovation, and a team who loves what they do. We could not be happier to partner with Biscom and help with their next phase of growth.”
With this new investment, Biscom will invest heavily in product development, sales, marketing, customer service, and pursue strategic acquisitions.
Biscom was advised by investment banking and strategic advisory firm The Cosine Group. Maranon Capital provided debt capital and equity co-investment in support of ParkerGale’s investment.”
Biscom provides on-premise, cloud, and hybrid enterprise fax and secure document delivery solutions. The company offers key integrations which enable mission critical workflows and advanced solutions including sophisticated routing, OCR, and processing and automation. Biscom has over 35 years of experience in the secure document delivery space and supports enterprise clients with complex workflows and the need for compliant solutions across many diverse verticals, including healthcare, government, financial services, and more.
ParkerGale Capital is a private equity firm based in Chicago that invests in founder-owned technology companies and corporate carve-outs where the firm’s operating resources can have a meaningful impact on the outcome. ParkerGale also hosts the private equity industry’s only podcast, the PEFunCast with almost a million downloads. Please visit www.parkergale.com to learn more.
Biscom Twitter: https://twitter.com/Biscom
Biscom LinkedIn: https://www.linkedin.com/company/biscom/
SOURCE: ParkerGale Capital
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