Audax Private Debt announced that it participated in a unitranche credit facility to support the refinancing and acquisition of Qlarion by Sagewind Capital’s portfolio company, GCOM Software (“GCOM” or the “Company”).
Headquartered in Columbia, MD, GCOM is a leading provider of cutting-edge technology solutions to state and local governments. The Company provides custom software development, managed services and IT solutions across 22 states. GCOM’s services are focused on improving and modernizing state and local government IT systems, primarily in the public health, public safety, licensing and permitting, and cyber end markets.
“GCOM is uniquely positioned as a leading mid-sized technology solutions provider in the state and local government IT services market,” said Shehzad Ajmal, Managing Director at Audax Private Debt. “We are excited to once again partner with Sagewind Capital and look forward to the continued growth of the GCOM platform.”
“Audax Private Debt has proven to be a trusted and reliable partner,” said Steve Lefkowitz, Founding Partner at Sagewind Capital. “The Audax team provided financing certainty and we’re pleased to be working with them again as we continue to execute our growth objectives at GCOM.”
About GCOM Software
Founded in 2005 and headquartered in Columbia, MD, GCOM delivers innovative solutions to state and local governments nationwide, with a focus on systems in health and human services, justice and public safety, licensing and regulatory markets. GCOM combines the resources and capabilities of a large systems integrator with the agility and accessibility of a tight-knit and nimble team. GCOM offers state and local government leading-edge, scalable solutions to enhance operational performance and improve the constituent experience. For more information please visit www.gcomsoft.com.