MHC Software, an enterprise content automation and document management software solutions, has received a majority investment from Strattam Capital and simultaneously acquired Vanguard Systems, a workflow and process automation solution with offices in Pennsylvania and California.
Headquartered in Minneapolis, MHC, with this combination, now serves over 2 million users across more than 1,100 customers.
MHC also announced the promotion of Gina Armada to CEO. Gina has been with MHC since 2008 and most recently served as COO. Co-founder and prior CEO John Shields has become Chairman of the Board.
Debt financing for the transaction was provided by Madison Capital Funding. DC Advisory served as exclusive financial advisor to MHC Software.