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MadCap Software Announces Significant, Majority-Growth Investment from Battery Ventures

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SAN DIEGO - eTradeWire -- MadCap Software, Inc., a leading provider of single-source, multi-channel content authoring & publishing software, announced a significant, majority-growth investment from Battery Ventures. Battery is a global, technology-focused investment firm with a long history of backing business-focused software companies.

MadCap Software, a bootstrapped company founded in 2005 by veteran technology executive Anthony Olivier, creates solutions to help technical writers & content developers more quickly & efficiently create content, such as self-service support sites & online help; user guides; instruction manuals; interactive eLearning courses; product training; & more. The company's software suite covers the full lifecycle of technical & eLearning content creation, from authoring & publishing to project & content management.

The new investment comes on the heels of increased market adoption of the MadCap Authoring & Management System (AMS) by organizations worldwide. With the funding in place, MadCap Software will accelerate the expansion of its solutions, services, & global presence to meet growing demand. The U.S. Bureau of Labor Statistics estimates that technical writer employment will grow 12% between 2020 & 2030, faster than the average for all occupations.

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"Today's faster product development cycles—as well as the move by organizations to deploy more software applications in the cloud—is fueling a push to create related technical documentation for more products more quickly, expanding MadCap's potential market," said Morad Elhafed, a Battery general partner.

"Anthony & his team have built an exceptional business helping organizations streamline their growing content creation & delivery needs," Elhafed added. "We are thrilled to partner with Anthony & MadCap to help accelerate the company's growth through product enhancements, go-to-market improvements &, potentially, targeted acquisitions." Elhafed & Battery Principal Roland Anderson have joined MadCap Software's board as part of the investment.

"Thus far, we have achieved success at MadCap Software with minimal investment, fueled by strong organic growth & sound financial management. Now, in partnering with Battery, an established, well-networked, & well-capitalized software investor, we have laid a strong foundation for our next phase of growth," said Olivier, who previously was the CEO of eHelp Corp., which was acquired by Macromedia (later acquired by Adobe). "We look forward to working with the Battery team in taking our company to the next level."

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MadCap Software counts customers across a wide variety of industries, from technology to finance to consumer goods & pharmaceuticals. Its content authoring & publishing solutions allow technical writers & instructional designers to operate more efficiently by shortening content development cycles; creating content in multiple languages & formats (such as web, print & mobile); developing interactive eLearning courses & employee training; & providing usage analytics that track customer search queries & engagement.

Needham & Company served as exclusive financial advisor to MadCap Software in this transaction. https://www.madcapsoftware.com/

Source: Kinetic.PR
Filed Under: Software

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