Charity Dynamics Builds Momentum, Receives Significant Investment from Vitesse Capital Partners

AUSTIN, Texas, Dec. 10, 2012 /PRNewswire/ — Charity Dynamics, a leading provider of online marketing and fundraising solutions for nonprofits, today announced a significant equity investment in the company by Austin-based Vitesse Capital Partners, LLC.

Charity Dynamics’ services and solutions empower nonprofit organizations to create and implement results-driven fundraising strategies through online programs, live and virtual events, social media and mobile solutions. The investment from Vitesse will help position Charity Dynamics for continued growth and success as the company continues to serve the online fundraising needs of charitable groups across the country. Charity Dynamics’ founder, Donna Wilkins, will continue to serve as chief executive officer and as a board director. Thornborrow will serve as a board director along with Vitesse Founder Gregg Burt. Financial terms of the investment were not disclosed.

“I’m excited for Charity Dynamics to partner with Vitesse as it will allow me to focus more of my energy on the strategies that keep our company delivering the most relevant and innovative solutions and services to nonprofit organizations,” said Wilkins. “Our clients will continue to receive the same great service that they’ve come to expect from Charity Dynamics. We now have the benefit of additional operational expertise and guidance to support our company’s future growth plans and further strengthen our leadership position as we serve the needs of the nonprofit marketplace.”

“Charity Dynamics has demonstrated strong performance throughout its history and will continue to operate its business in the same fashion moving forward,” added John Thornborrow, managing partner with Vitesse Capital Partners. “This is an investment in the growth of a company that’s doing great things by empowering nonprofits to reach more people, achieve stronger online fundraising results and more effectively fulfill their missions. We look forward to working closely with Donna and her management team to drive ongoing value and further build upon Charity Dynamics’ success.”

Charity Dynamics’ innovative Boundless Fundraising™ solution has been used by nonprofit organizations to raise more than $200 million since the suite of applications launched four years ago. The company’s growing list of clients includes American Cancer Society, The ALS Association, National Multiple Sclerosis Society and The Salvation Army. In addition to being named to Austin Business Journal’s 2012 Best Places to Work list, Charity Dynamics has been recognized for the last three consecutive years as one of the fastest-growing private companies in Central Texas. The company also has been listed consistently on the annual Inc. 500/5000 list which recognizes the country’s highest performing entrepreneurial companies that exemplify cutting-edge business models and rapid growth.

About Charity Dynamics

Charity Dynamics provides comprehensive online marketing and fundraising solutions for nonprofit organizations. The company’s expert consulting services enable nonprofits to create and implement results-driven fundraising strategies through online programs, live and virtual events, social media and mobile solutions. Organizations using Charity Dynamics’ innovative Boundless Fundraising® solution have raised more than $200 million directly through the suite of applications since it launched in late 2008. Charity Dynamics’ clients include The ALS Association, American Cancer Society, National Multiple Sclerosis Society and The Salvation Army. For more information, please visit http://www.charitydynamics.com/.

About Vitesse Capital Partners, LLC

Vitesse Capital Partners, LLC is a private equity firm with the strategy of acquiring and growing a portfolio of technology solutions providers. Vitesse has assembled a highly capable and proven management team with decades of experience and success in investments, mergers and acquisitions, integrations, financing transactions, operations, turnarounds, and divestitures. Vitesse Capital seeks to invest in and participate operationally in companies where the addition of strong managerial talent and renewed strategic and operational focus can create more opportunity for growth and expansion in existing and new markets. The Firm is privately owned by its principals and located in Austin, Texas. For more information, please refer to the Vitesse website at www.vitessecapital.com.

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Hart InterCivic Announces Strategic Investment by H.I.G. Capital

published 07/06/2011

AUSTIN, Texas – July 6, 2011 – Hart InterCivic Inc., the leading national provider of election voting systems, election management products and services, today announced that an affiliate of H.I.G. Capital, LLC, of San Francisco, has partnered with Hart InterCivic’s owners and management to make a strategic investment in the Company. The investment positions the Company for continued growth in its state, county and municipal technology businesses. The financial terms of the investment were not disclosed.

Organizationally, Phillip W. Braithwaite has been named Chief Executive Officer, succeeding Gregg Burt, who will serve as Chairman of the Board and a senior adviser to the Company. Mr. Braithwaite has been with Hart since 2001, most recently serving as its President. Derek Hutson, the Company’s current Senior Vice President, Sales and Marketing, will succeed Mr. Braithwaite as President.

“We’re proud to join with H.I.G. as co-investors as we continue the growth and success of Hart,” said Gregg Burt, Chairman of Hart InterCivic. “H.I.G. shares and supports our vision, values, commitment to excellence and innovation, and—above all—commitment to meeting our customers’ needs. I look forward to working with them to continue, and build upon, the Hart InterCivic tradition of trusted leadership within the election industry.”

Neil Tuch, a Managing Director of H.I.G. said “Hart InterCivic is a well-positioned, high-growth company with a great future. We are pleased to become significant investors in Hart, and particularly excited we were able to join with management to organize this transaction. We look forward to working with the entire Hart InterCivic team to continue serving its growing customer base while building the Company’s value for its clients, employees, and shareholders for years to come.”

About Hart InterCivic, Inc. Hart is a leading national provider of voting systems, election management products and services. Hart delivers a deep-rooted level of credibility across the electoral process with field-proven products, services and support that successfully, dependably meet the rigorous demands of today’s election procedures. Millions of votes are cast each year using Hart’s eScan™ and eSlate® polling place voting systems and Ballot Now central scanning / by-mail solution. Hart’s latest products, ePollBook™ and the eScan A/T™ have triggered dramatic growth in the market. For more information, please visit www.hartintercivic.com.

About H.I.G. Capital H.I.G. Capital is a leading global private equity investment firm with more than $8.5 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, New York, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 50 companies with combined revenues in excess of $8 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

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