Carrick Capital Partners Announces Three Portfolio Company Sales

Purchases by JPMorgan Chase, LexisNexis and Permira Highlight the Firm’s Approach to Building Value (ABV)
Carrick Logo TM.jpg

San Francisco and Newport Beach, CA (October 31, 2019) – Carrick Capital Partners, an investment firm focused on Software, SaaS, transaction processing, and technology-enabled services companies, today announced the completion of three portfolio company sales in the most recent quarter.

“At Carrick we apply repeatable process improvement in software and the tech-enabled business services sector to help scale great companies that will positively impact the industry landscape,” explained Carrick Capital Partners Co-Founder and Managing Director Marc McMorris. “We are very pleased with the favorable returns on invested capital generated for our limited partners,” McMorris added.

  • LexisNexis announced an agreement with Carrick portfolio company Axiom to form a joint venture through a LexisNexis investment in Axiom spin-off Knowable, a market leader in enterprise contracts intelligence.
  • JPMorgan Chase & Co. announced the close of its acquisition of Carrick portfolio company InstaMed, a leading U.S. healthcare technology company that specializes in healthcare payments.
  • Permira, the European private equity firm known for its investments in professional services businesses, closed a significant investment in Axiom and became the majority owner of the legal services provider.

“Carrick has been a great partner. Their encouragement and business advice were invaluable to Axiom in getting to this level,” said Axiom Founder and Executive Chairman Mark Harris. “They had as much faith in our potential as we did, and they had the business experience and networking savvy to help us achieve it,” he emphasized.

“We believe that our deep experience coupled with a proven process improvement methodology and broad networks benefit each company and contribute significantly to the positive economic outcomes in our portfolio,” said Carrick Capital Partners Co-Founder and Managing Director Jim Madden. “Over the past year, we have increased the size of our professional team by 50%. This allows us to further leverage our repeatable process improvement model to technology companies operating in numerous industries. We see great opportunities for our model in the healthcare and financial services sectors, to name just a few,” Madden concluded.

About Carrick Capital Partners
Headquartered in San Francisco and Newport Beach, Carrick Capital Partners is a growth-oriented investment firm that utilizes ABV (Approach to Building Value) to operationally scale fast-growing, technology-enabled businesses. Carrick adds value by taking a concentrated approach and dedicating significant resources post-investment. Leveraging decades of experience, Carrick helps scale great companies that deliver excellent returns for investors, stimulating economic growth and positively impacting the industry landscape. Working directly with CEOs and entrepreneurs, Carrick fulfills a vital need for investment capital and growth expertise. For more information, please visit www.carrickcapitalpartners.com.

About Carrick Capital Partners
Who We Are
A firm of enterprise software, SaaS, and technology enabled services investors and operating executives with substantial experience founding, scaling, and optimizing market leading businesses.
Our Approach
We work with management to identify and improve critical areas of their business - focusing on the priorities that align with our experiences and that will deliver the highest strategic impact in both the short-term and long-run.
Why We Are Different
We have a concentrated number of companies in our portfolio so that we can build substantial relationships with each management team and ensure our firm's commitment to each company's goals.
Latest News
Infrascale Logo.jpg
37% of SMBs Have Lost Customers and 17% Have Lost Revenue Due to Downtime
May 13, 2020
Mavenlink Logo.jpg
Experienced Product Leader Joins Leadership Team Committed to Delivering Powerful, Differentiated Value to Customers
May 12, 2020
Saama Logo
Campbell, CA (May 5, 2020) – Saama Technologies, Inc. (“Saama”), the #1 AI clinical analytics platform company, and iNDX.Ai, a leading Multi-omics Data Analytics and translational research platform company, today announced the launch of the new COVID-19 Command Center. The COVID-19 Command Center, based on a combination of Saama’s Life Science Analytics Cloud (LSAC) and iNDX.Ai’s iCore Platform, is a purpose-built, therapeutic area-specific data analytics platform that will accelerate the ability of life sciences companies to expedite internal research and development programs for therapies to prevent and treat COVID-19.
May 6, 2020