Schneider Geospatial receives growth investment
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Indianapolis-based Schneider Geospatial, a provider of geospatial services, has received what it calls a significant growth investment from Align Capital Partners, a private equity firm with offices in Ohio and Texas. While the specific financial details are not being disclosed, Schneider says it does expect to add jobs as a result of the investment.
Schneider says the deal provides the company with growth capital while preserving its family legacy through continued ownership interest in the company.
Schneider Geospatial says it is ACP’s second GovTech platform investment to date. In 2020, ACP invested in Electronic Transaction Consultants Corp., a Texas-based company specializing in toll road data.
“The Company has a very strong value-proposition of helping clients provide public access to digitized records as a replacement to a historically inefficient and labor-intensive experience,” said ACP Managing Partner Chris Jones. “Our enthusiasm for Schneider Geospatial plays on the attractive tailwinds of our firm’s GovTech thesis. The Company is well positioned to help governments replace antiquated technology, increase access to important digitized information and enhance information sharing capabilities to improve citizen engagement.”
Schneider operates a 50-employee team that supports its cloud-based software platform, which helps clients manage more than 500 million information requests from more than 23 million users. The company provides web-based GIS data reporting tools, including CAMA and tax, ownership history, liens, and boundaries, among others.
“We are excited to continue our partnership with our amazing clients,” said Jeff Corns, chief executive officer of Schneider Geospatial. “ACP’s investment allows us to accelerate several of our growth initiatives which will result in even better solutions and services to our clients. Our talented team is excited to continue this next phase of the Company’s growth.”
The investment represents ACP’s 72nd investment since the firm was founded in 2016.