Symplr, a Houston, TX-based global provider of enterprise healthcare operations including governance, risk management, and compliance (“GRC”) software-as-a-service (“SaaS “) solutions, raised new capital via a Clearlake-managed dedicated fund, Icon Partners V.
The amount of the deal was not disclosed.
The conmpany intends to use the funds to accelerate organic growth and acquisition strategy.
Led by BJ Schaknowski, CEO, symplr provides cloud-based data management, workforce and talent management, contract management, spend management, access management, and compliance, quality, and safety software solutions, which enable enterprise customers to efficiently navigate the complexities of integrating critical business operations in healthcare.
Since partnering with Clearlake in 2018, the company has grown its billings and earnings by 500 percent. In addition to consistent strong organic growth over the last three years, symplr has completed nine acquisitions to expand its software portfolio across workforce management, contract & spend management, and compliance, quality & safety SaaS solutions.