6/17/2023 0 Comments Madcap softwareMadCap Software counts customers across a wide variety of industries, from technology to finance to consumer goods and pharmaceuticals. “We look forward to working with the Battery team in taking our company to the next level.” Now, in partnering with Battery, an established, well-networked, and 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). “Thus far, we have achieved success at MadCap Software with minimal investment, fueled by strong organic growth and sound financial management. “We are thrilled to partner with Anthony and MadCap to help accelerate the company’s growth through product enhancements, go-to-market improvements and, potentially, targeted acquisitions.” Elhafed and Battery Principal Roland Anderson have joined MadCap Software’s board as part of the investment. “Anthony and his team have built an exceptional business helping organizations streamline their growing content creation and delivery needs,” Elhafed added. “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. Bureau of Labor Statistics estimates that technical writer employment will grow 12% between 20, faster than the average for all occupations. With the funding in place, MadCap Software will accelerate the expansion of its solutions, services, and global presence to meet growing demand. The new investment comes on the heels of increased market adoption of the MadCap Authoring and Management System (AMS) by organizations worldwide. The company’s software suite covers the full lifecycle of technical and eLearning content creation, from authoring and publishing to project and content management. MadCap Software, a bootstrapped company founded in 2005 by veteran technology executive Anthony Olivier, creates solutions to help technical writers and content developers more quickly and efficiently create content, such as self-service support sites and online help user guides instruction manuals interactive eLearning courses product training and more. Battery is a global, technology-focused investment firm with a long history of backing business-focused software companies. 11, 2022 (GLOBE NEWSWIRE) - MadCap Software, Inc., a leading provider of single-source, multi-channel content authoring and publishing software, announced a significant, majority-growth investment from Battery Ventures.
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