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Opexus Merges With Casepoint and Wins Big PE Investment

Thoma Bravo takes an ownership stake in the combined company. The seller of process management software plans to integrate Casepoint’s data management technology as Opexus works to gain more state and local clients.

Blue lines of data coming from the top of the image. Black background.
Opexus, which sells process management software to public agencies, is having a growth spurt, this time via both a merger and an investment from a private equity firm.

The Washington, D.C.-based company has merged with Casepoint, whose platform helps governments and corporations discover, handle and analyze data with artificial intelligence.

Casepoint clients use its technology for such jobs as data preservation, investigations and compliance. The company launched in 2008.

Terms were not disclosed.

Meanwhile, software investment and private equity firm Thoma Bravo has made a majority investment in Casepoint and Opexus, which is probably better known for its work with federal customers but which has a significant and growing focus on state and local agencies.

The amount of that investment went undisclosed, but the private equity firm now has an ownership stake in the company, Howard Langsam, CEO of Opexus, told Government Technology via email.

The investment is “not intended to be used to finance operations as the operations of the company are funded out of free cash flow,” he said. “Thoma Bravo’s main role is to provide the company with insights learned from its approximately 80 other software portfolio companies to help it succeed and not repeat mistakes made by others.”

Opexus products include classroom and on-site training courses, cloud-hosted case management tools, IT consulting and development offerings, Freedom of Information Act tools and workers’ compensation case tracking.

The deal will strengthen the company’s data management capabilities, Langsam said.

“Creating a more comprehensive platform, this partnership gives customers access to a broader array of tools from a single trusted provider,” he said in the email interview. “Casepoint’s AI-driven data discovery platform enhances Opexus’ ability to address the growing challenges government agencies face, including skyrocketing data volumes, complex compliance requirements and cybersecurity risks.”

Integrations loom for such products as Casepoint’s eDiscovery and Opexus’ Freedom of Information Act technology, he said — an example of how the acquisition could bring more platform efficiency to government workers who now work across shared devices, emails and other channels.

“With the added financial backing of Thoma Bravo, the unified company is better positioned to maximize market opportunities, invest in the continued development of cutting-edge innovations and implement software best practices,” Langsam said.

Editor’s note: This story has been corrected to clarify the merger and ownership status of the combined company.
Thad Rueter writes about the business of government technology. He covered local and state governments for newspapers in the Chicago area and Florida, as well as e-commerce, digital payments and related topics for various publications. He lives in Wisconsin.