ATLANTA--(BUSINESS WIRE)--Oct 23, 2024--
Resurgens Technology Partners, a software-focused private equity firm, is pleased to announce its investment in Relay, a provider of special education and Medicaid workflow solutions designed to support K-12 school districts across the United States. This investment underscores Resurgens' commitment to partnering with innovative companies that drive operational efficiencies and deliver impactful solutions in specialized markets.
Relay’s platform provides a comprehensive solution for coordinating the delivery and documentation of special education services and healthcare in schools while also managing the complex Medicaid reimbursement process for district administrators. By simplifying compliance and administrative workflows, Relay enables service providers to manage their increasing workloads, ensuring that students in need receive essential services and that districts are compensated appropriately for the services they deliver. Relay’s intuitive platform accelerates documentation for providers, manages compliance, and reduces the administrative overhead required to capture reimbursement while providing insights into service delivery.
"We are excited to partner with Relay, whose technology is playing a crucial role in the education sector by ensuring that schools have the resources they need to support students in need," said Danny Carpenter, Principal at Resurgens Technology Partners. "Our investment will help Relay scale its impact, expand its reach, and further enhance its platform to serve school districts better nationwide."
Founded in 1993, Relay has evolved over three decades to become a trusted partner for school districts across more than 20 states. Relay offers end-to-end solutions that reduce administrative burdens, ensure compliance, and streamline funding so districts can focus on supporting student progress and achieving impactful outcomes.
"I couldn’t be more excited for this next phase of growth," said Paul Miller, CEO of Relay. "We are determined to continue to expand our capabilities and reach, ensuring that more school districts across the country can access the funds they need to serve their students effectively."
Resurgens Technology Partners will work closely with Relay’s management team to accelerate product innovation, enhance go-to-market strategies, and explore opportunities for growth in both existing and new markets. This partnership aims to drive Relay’s mission of empowering schools to optimize their service documentation and Medicaid reimbursement processes, ultimately benefiting thousands of students nationwide.
This investment marks the ninth platform investment from Resurgens’ second fund, a $500 million fund that closed in 2022.
Leonis Partners and Goodwin Proctor advised Lock 8 Partners, Relay’s majority investor. DLA Piper advised Resurgens on the transaction.
About Resurgens Technology Partners
Resurgens Technology Partners is a tech-focused private equity firm investing in North American and select European lower middle-market application and infrastructure software businesses. Resurgens’ growing team of thirty-eight professionals offers a diversity of investing, operating, and talent management experience, applying an active and engaged value creation approach with each portfolio company. Resurgens is headquartered in Atlanta, with additional professionals located in Austin, Boston, London and the Bay Area.
For more information, please visit https://resurgenstech.com
About Relay
Relay is a provider of Medicaid reimbursement software for K-12 school districts. The platform enables schools to reduce their administrative burden by streamlining documentation, efficiently generating Medicaid claims, ensuring compliance and providing visibility and insights into service delivery.
For more information, please visit https://relayhub.com/
View source version on businesswire.com:https://www.businesswire.com/news/home/20241023256724/en/
CONTACT: Jonathan Marino
Prosek Partners
KEYWORD: GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: HEALTH TECHNOLOGY OTHER PROFESSIONAL SERVICES OTHER EDUCATION OTHER HEALTH TECHNOLOGY FINANCE PRIMARY/SECONDARY FINTECH EDUCATION APPS/APPLICATIONS PRESCHOOL GENERAL HEALTH PROFESSIONAL SERVICES OTHER TECHNOLOGY SOFTWARE HEALTH
SOURCE: Resurgens Technology Partners
Copyright Business Wire 2024.
PUB: 10/23/2024 09:00 AM/DISC: 10/23/2024 09:00 AM
http://www.businesswire.com/news/home/20241023256724/en
