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Gemspring Capital Makes Strategic Investment in Cforia Software

July 27, 2020 / Aron Grossman
SHARESHARESHARE

Gemspring Capital, a middle-market private equity firm, is pleased to announce its acquisition of Cforia Software, LLC (“Cforia”), a leading provider of order-to-cash (OTC) automation software.
Based in Westlake Village, CA, Cforia’s OTC automation software platform improves collections and cash management for B2B customers globally. Co-founders Chris Caparon and Dave McIntyre designed the Cforia platform to allow companies to accelerate the conversion of accounts receivable to cash and better manage credit exposure, leading to significant cost of capital and expense reductions for customers. Cforia’s success has been driven by superior technology that leverages proprietary, real-time data integration tools that work across complex and disparate ERP systems. Gemspring’s investment will enable Cforia to continue to develop its robust product offering, enhance its sales and marketing capabilities and accelerate growth.