GCOM acquires Three Sigma Software, expanding its geographic focus and service offerings to state governments

Merger combines two high-growth, mission-driven software companies focused on rapidly expanding market segments

Albany, NY (November 9, 2018) – GCOM Software LLC (“GCOM”) announced today that it has acquired Three Sigma Software, (“Three Sigma”), the leading provider of software and services for the Women, Infant, and Children (“WIC”) Food and Nutrition Service program.

GCOM delivers technology services and solutions to state and local governments focused on modernizing and consolidating legacy IT systems in the vital records, public health, public safety, licensing and permitting and cyber security markets. Its innovative solutions enable governments to transform how they deliver services to their constituents.

Three Sigma provides software and services that streamline the delivery and administration of WIC, a critical federal assistance program that currently serves over 7 million households per month and involves significant administrative processes. The company currently supports the WIC program in 11 states, 10 Native American Reservations, and 1 U.S. territory.

Together, GCOM and Three Sigma will offer an expanded range of high-growth, in-demand enterprise and operational services to existing customers, while also becoming more competitive for highly sought-after work in the state government marketplace. Three Sigma will become a wholly-owned subsidiary of GCOM and will continue to be led by Founder and CEO TC Mullany and its current management team.

“Our acquisition of Three Sigma represents a significant milestone in the achievement of our vision to strengthen our service offerings, expand our client base and provide additional professional growth opportunities for our employees,” said Girish Bhatia, President and Founder of GCOM. “With the skills and experience of Three Sigma complementing GCOM, the combined company is well-positioned to better support its customer’s needs.”

GCOM is backed by Sagewind Capital, a New York-based middle-market private equity firm and Bagnols Family Office Investment Partners, a New York-based family office. Sagewind invests in companies which have strong management teams in the government, defense, business and healthcare services industries. It partners with these management teams to provide additional strategic, operating and financial support. Bagnols invests in companies in the business services, industrial services, health care services, transportation and logistics, finance companies, consumer and pet care industries.

DCS Advisory acted as exclusive financial advisor to Three Sigma in connection with the transaction.

About GCOM Software LLC

Founded in 2005, GCOM (gcomsoft.com) delivers innovative technology solutions to the public sector, with a focus on modernizing and consolidating legacy IT systems in the vital records, public health, public safety, licensing and permitting and cyber security markets. GCOM has established a leading reputation as a business partner that helps clients improve operational performance using modern, scalable technology to facilitate systems integration while mitigating risk. Its diverse team of experts brings the know-how to maximize agency technology investments to deliver both tactical and strategic solutions to its clients’ challenges.

About Three Sigma Software

Headquartered in Laurel, MD, Three Sigma Software (http://3sigmasoftware.com/) was founded in 2003 and is the leading provider of mission-critical software systems for the delivery and administration of the Women, Infant and Children program. Three Sigma software serves families in 11 states, 10 Indian reservations and 1 U.S. territory. Its customized WIC systems offer solutions for both EBT and coupon-based WIC environments, support scanners and signature pads, and allow for interfaces to many other state services.

About Sagewind Capital LLC

Sagewind Capital LLC (www.sagewindcapital.com) is a New York-based middle-market private equity firm. Sagewind Capital seeks to build a concentrated portfolio of companies that have the potential for organic growth and can serve as platforms for substantial value creation through a buy-and-build strategy. Since inception, Sagewind has made six investments across a number of industries, including government services, software, information technology, healthcare and business services.

About Bagnols Family Office Investment Partners

Bagnols Family Office Investment Partners (https://bagnolsfamilyofficeinvestmentpartners.com/) is a New York-based family office. Bagnols focuses on investing in privately held companies with strong growth prospects in the business services, industrial services, health care services, transportation and logistics, finance companies, consumer and pet care industries. There is a particular emphasis on identifying companies with opportunities to consolidate their industry through accretive tuck in acquisitions.

For more information: GCOM-Invest@gcomsoft.com

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