HERNDON, Va., Oct. 16, 2012 (GLOBE NEWSWIRE) -- Privia LLC today announced the receipt of $2.1 million in growth capital funding which will be used to expand the company's mission of providing leading-edge bid and proposal solutions to government contractors and commercial businesses.
Goff Capital, Inc. led the round, with previous investors Open Prairie Ventures, Inc., Chicago Technology Partners LLC and DL Investments participating. The investment will support efforts in sales and marketing, product development, and Privia's new professional service offerings led by Amy McGeady, who serves as Chief Executive Officer of the Association of Proposal Management Professionals (APMP). Travis Goff, Vice President for Goff Capital, will become a member of Privia's board of directors as part of the investment.
"We have been impressed by Privia's deep understanding of the entire proposal management process and market innovation with their cloud services," said Travis Goff. "Privia's product strength and market leadership with their new professional services provide fertile ground for expansion."
"Our professional services group has been well received and has quickly surpassed this year's revenue goals," stated Glenn Giles, President & CEO, Privia. "This additional round of funding will fuel our accelerated growth and Privia core product development efforts as we help the federal marketplace respond to emerging technologies such as cloud computing and other innovations. We are excited to welcome the Goff Capital team of professionals."
About Goff Capital, Inc.
Goff Capital, Inc. is a Fort Worth, Texas based private investment company founded by John C. Goff. Goff Capital and its affiliated entities manage assets and investments exceeding $4 billion.
About Privia LLC
Privia provides an array of products to help organizations streamline the entire bid, capture and proposal management process — from pipeline management and reporting to teammate collaboration and proposal development. Leading organizations such as CSC, Management Concepts, Merlin International, MicroTech Scientific Research Corporation (SRC) and USIS are streamlining processes to save time and money in areas such as bid and proposals, past performance management, contract management and claims processing. Privia also offers a wide variety of professional services, including a team of proposal experts who are available to augment your proposal team. For further information visit www.privia.com.
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Privia Secures $2.1 Million in Growth Capital Funding Led by Goff Capital, Inc.
Investment to Expand the Leading Cloud-Based Bid and Proposal Solution and Introduce New Services
| Source: Privia LLC