Chicago Growth Partners is pleased to announce its May 2010 investment in Reliance Communications, Inc., a leading provider of on-demand, mass notification software solutions for the education market. Mass notification, a growing industry, is used in a variety of situations to keep people informed through multiple message delivery channels including phone calls, emails and text messages. Thousands of colleges, districts and schools use Reliance's SchoolMessenger product (www.schoolmessenger.com) to keep parents, staff and students informed in both emergency and non-emergency situations. The Company's solution includes numerous attributes, such as instant foreign language translation (for both voice and text), advanced survey capabilities and an ability to integrate with a wide variety of school information systems.
Ron Davies, a CGP Partner, commented, "We are excited by Reliance's success to date and believe in its ability to continue to execute on its growth plans in the education market, with the eventual goal of expanding into other markets as well." Sanford Kenyon, Reliance's President & CEO, added, "We are very excited about our partnership with CGP. Their knowledge of and commitment to the education market, value-added capabilities in software development and partnership philosophy, as well as access to capital line up perfectly with the ambitions and culture of Reliance."
The CGP deal team included Ron Davies, David Chandler, Ryan Milligan and Sean Barrette.
About Chicago Growth Partners
CGP is a Chicago-based private equity investment firm focused on investing in lower middle market companies in the business and consumer services, education, industrial growth and healthcare markets. CGP distinguishes itself through its experienced team – including in-house marketing, information technology and operations expertise – and its focus on growth as the primary driver of returns. CGP currently manages a group of Funds with a combined $1.2 billion of committed capital while investing Chicago Growth Partners II, L.P. For more information on Chicago Growth Partners, please visit www.cgp.com.