SRS Receives Substantial Investment From Thoma Bravo
MONTVALE, NJ, Jan 02, 2013 (MARKETWIRE via COMTEX) --
SRS Software LLC ("SRS"), the leader in productivity-enhancing
electronic health record technology and services for high-performance
physicians, today announced that it has received a substantial
investment from Thoma Bravo, LLC a leading private equity investment
firm specializing in information technology. This investment will
provide investment capital and strategic support to expand SRS'
market share and solidify SRS' position as an industry leader. Evan
Steele, CEO and founder of SRS, will continue to lead the senior
management team. Financial terms were not disclosed.
"SRS is an established leader in the ambulatory healthcare IT
industry, and we look forward to partnering with existing management
to build upon the company's first-class solutions and loyal customer
base," said Thoma Bravo managing partner Scott Crabill. "The
company's unwavering dedication to the needs of physicians is
validated by its consistent industry-leading KLAS ratings for
customer service and satisfaction."
"We believe that SRS is an ideal fit for Thoma Bravo's investment
strategy of accelerating growth through operational best practices
and acquisitions," added Arvindh Kumar, a vice president at Thoma
"Since its creation in 1997, SRS has grown rapidly by increasing
physician productivity and delivering excellent service," says Evan
Steele, CEO of SRS. "The investment in SRS reflects Thoma Bravo's
confidence in our mission and ability to support physicians as they
strive to efficiently provide the highest-quality patient care in the
face of ever-increasing regulatory and payer demands. Our partnership
will help SRS continue to provide physicians with the IT tools they
need for future success."
Headquartered in Montvale, New Jersey, SRS has more than 5,200
providers across the orthopaedic, ophthalmology, cardiology and other
specialty ambulatory physician markets.
SRS is the leading provider of productivity-enhancing EHR
technology and services for high-performance physicians -- with a
successful adoption rate unparalleled in the industry. Offered via
the Unified Desktop(TM), the robust SRS EHR, Practice Management,
PACS, and Patient Portal increase speed, boost revenue, free
physicians' time, and heighten patient care and satisfaction. For
more information on SRS, visit www.srssoft.com, e-mail
email@example.com, fax 201.802.1301, or call 800.288.8369.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity
investment firm building on a 30+ year history of providing equity
and strategic support to experienced management teams and growing
companies. Thoma Bravo invests across multiple industries, with a
particular focus in enterprise and infrastructure software and
financial and business services, and works in partnership with
management to implement its operating expertise to build long-term
value. The firm currently manages a series of private equity funds
representing almost $4 billion of equity commitments. In software,
Thoma Bravo has completed 58 add-on acquisitions across 26 platform
companies with total annual earnings of approximately $1 billion. For
more information, visit www.thomabravo.com.
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