LOUISVILLE, KY—Appriss Inc., which sells software-as-as-service to criminal justice and law enforcement agencies, has raised an undisclosed amount from Bain Capital Ventures and JMI Equity.
Senior financing related to the transaction was provided by Wells Fargo Foothill.
Appriss, founded in 1995, provides the patented Vine service, a victim information and notification service. Vine is currently available in more than 2,000 criminal justice agencies in 41 states and the District of Columbia.
In recent years, Appriss has expanded its offerings to include other software-based services. All company applications are delivered on a hosted (SaaS) model.
“Appriss is a truly unique company offering unparalleled technology solutions that assist law enforcement efforts and improve the effectiveness of criminal justice agencies across the U.S.,” says Bob Smith, general partner of JMI.
Louisville-based Chrysalis Ventures provided Appriss’ seed capital and led the company’s first institutional financing in March 1995. Chrysalis co- investors in the financing included Richland Ventures, CID Equity Partners, Windcrest Partners, and Mayfair Capital. Douglas Cobb was co-founder and managing director of Chrysalis Ventures prior joining Appriss in 2000 as CEO.
Schwartz, Smith, MacLean and JMI General Partner Harry Gruner will join Cobb, Appriss President Mike Davis, and former director Michael Gellert on the Appriss Board of Directors.
For more see: www.appriss.com
Southeast Venture Conference, February 29 – March 1, 2012 at the Ritz Carlton in Tysons Corner, VA – Where Smart Money Meets Smart People.
www.seventure.org
© 2007, TechJournal South. All rights reserved.



