Kansas City, MO – January 15, 2019 – RFP360, the leading provider of end-to-end request for proposal (RFP) management software, today announced it secured a strategic growth investment from Five Elms Capital. RFP360 is the first cloud-based RFP software provider that offers functionality to both issuers and respondents of RFPs. The investment will help boost RFP360’s business growth and product development. In conjunction with the investment, David Lintz will be joining RFP360 as Chief Executive Officer.
“The RFP process is undergoing a desperately needed digital transformation. We take pride in offering solutions that address real needs for a large number of organizations,” said RFP360 Co-Founder and COO David Hulsen. “We’re excited to partner with Five Elms Capital as we continue to help RFP issuers and responders navigate that change,” said RFP360 Co-Founder and CTO Stuart Ludlow.
RFP360’s solutions streamline RFPs, requests for information (RFIs), requests for quotations (RFQs), due diligence questionnaires (DDQs), and more to support strategic procurement and bidding processes.
“The investment from Five Elms will allow us to develop innovative new technologies to help organizations overcome longstanding challenges,” said David Lintz. “I’m looking forward to working closely with David, Stuart, and the rest of the RFP360 team as we continue to support our valuable customers.”
Five Elms Capital’s decision to invest in RFP360 was based on the belief that RFP360’s industry-leading solutions are poised to disrupt a market that’s traditionally relied on outdated processes.
“RFP360 changes the way companies think about what has historically been a painful process by providing a unique solution that creates a competitive advantage for their customers,” said Thomas Kershisnik, Managing Director at Five Elms Capital. “Their offerings, company culture, and leadership set the stage for continued growth, and we’re very excited to partner with them as they make that journey.”
RFP360 offers the only full-circle RFP management solution designed for issuers and responders. Through innovative technology that leverages big data and automated workflows, as well as a keen understanding of the complexities of procurement and bidding, RFP360 helps its customers develop strategic RFP processes that deliver results. For more information, visit RFP360.com.
About Five Elms Capital
Five Elms Capital is a leading growth equity firm that invests in fast-growing B2B software businesses that users love. Five Elms provides capital and resources to help companies accelerate growth and further cement their role as industry leaders. For more information, visit fiveelms.com.
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