Nexus Systems Wins Deal of the Year at the 2017 Corporate Growth Awards
McLean, Virginia – ACG National Capital presented Nexus Systems with the 2017 Corporate Growth Award for Deal of the Year Under $50M for its monumental growth equity investment from Mainsail Partners.
The 2017 Corporate Growth Awards Committee identified Nexus Systems as having the most successful and impactful deal executed in the greater D.C. business community this year. Nexus Systems received the award at a black-tie gala on May 11, 2017. For more on the occasion, see the Biggest Deals and Names in Business Honored at 2017 Corporate Growth Awards press release.
“ACG National Capital Corporate Growth Award winners represent the very best in middle-market business management and innovation,” said Shooter Starr, Client Advisor at Brown Advisory and the chair of the 2017 Corporate Growth Awards Committee. “The companies and business leaders selected for these prestigious awards are chosen specifically for their accomplishment and creativity in growing their businesses and in driving corporate growth.”
Nexus Systems’ flagship product, NexusPayables, is a comprehensive software solution to effectively automate and manage the entire accounts payable (AP) process from purchase to payment. The solution provides the operational efficiency, visibility and control required to improve cash management, and lower processing cost for companies handling high invoice volume in AP. The 17-year-old highly customer focused company services hundreds of organizations across the United States and abroad. Its client portfolio includes commercial and residential real estate firms, as well as companies in high invoice volume industries such as healthcare, hospitality and construction. Current customers include Tanger Factory Outlet Centers, Cushman & Wakefield, Colliers International and Extra Space Storage.
Jennifer Coolidge, President and Co-founder of Nexus Systems, proudly accepted the award on behalf of her company. She comments, “We are absolutely thrilled to be recognized for this extraordinary achievement. We have numerous people we owe a great deal of gratitude towards, and would like to share ownership of this award with our loyal and dedicated employees, Mainsail Partners and Seabrook Partners.” Seabrook Partners served as the exclusive investment banking advisor to Nexus Systems on the transaction. For more about the deal, see Investment by Mainsail Partners will accelerate growth and product innovation press release.
About Nexus Systems
Nexus Systems is a leading provider of integrated accounts payable (AP) and procure-to-pay (P2P) applications. Our web-based applications are proven to increase business process efficiency, and improve visibility, accountability and control across the P2P lifecycle. Nexus Systems’ flagship product, NexusPayables, combines robust functionality with an intuitive interface to offer exceptional ease of use. It is compatible with legacy systems and processes making it a best-in-class automation solution. Every day, companies around the world use NexusPayables to solve their biggest AP and P2P challenges. NexusPayables is currently deployed in 106 countries. For more information, visit www.NexusSystems.com.
About ACG National Capital
ACG National Capital, a chapter of the international association, ACG (Association for Corporate Growth) that serves Washington, D.C., northern Virginia and southern Maryland, drives middle-market growth and increases deal flow. It provides unparalleled opportunities for networking, deal making and professional development for individuals involved in building corporate value through M&A, strategic partnerships, organic growth and capital funding.
ACG National Capital’s veteran leadership and its membership have participated in nearly every M&A transaction completed recently in the D.C. metro region with over 400 members. For more information, visit www.acgcapital.org or the ACG online publication at www.acgcapitalblog.com.
About Mainsail Partners
Mainsail Partners is a growth equity firm that invests exclusively in growing bootstrapped companies, primarily in three core industry sectors: software, technology-enabled services and healthcare. The San Francisco-based firm has a team of experienced operating professionals to help entrepreneurs scale their businesses and accelerate growth. Recent investments include 3PL Central, Brilliant Earth, Ncontracts, nCourt, Netchemia, PlayMaker CRM, SQL Sentry and Zen Planner. The firm has raised more than $750 million in committed capital. For further information, please visit www.mainsailpartners.com.
About Seabrook Partners LLC
Seabrook Partners is an independent investment bank that provides strategic and financial advice to established and growing middle-market companies. The firm advises on M&A, capital formation, and restructuring transactions for technology, business services and government services companies. Seabrook is headquartered in Washington, D.C. and is a FINRA registered broker dealer. www.seabrookpartnersllc.com