Clovis Point exits a majority of its position in MediaPRO Holdings, LLC

June 6, 2018

Houston, TX & Bothell, WA—Clovis Point Capital, LLC (“Clovis Point”) announced today that it exited a majority of its position in MediaPRO Holdings, LLC (“MediaPRO” or the “Company”) via a majority recapitalization (the “Transaction”) with Frontier Capital (“Frontier”). MediaPRO is a Bothell, Washington based SaaS-based provider of security, privacy, and compliance awareness training solutions. Frontier Capital is a Charlotte-based growth equity firm focused exclusively on software and tech-enabled business services companies.

In 2015, Clovis Point partnered with the then CEO, Steve Conrad (“Mr. Conrad”), and made a growth equity investment in the Company to support the execution of many of its long-term growth strategies, including continuing to expand upon its product and service offerings, pursuing various organic and inorganic growth opportunities, and growing its sales, marketing and technology talent.

“The Company was a perfect fit for us as Mr. Conrad had developed an extremely impressive business over a 20-plus year span, and it was at an inflection point in his company’s development life-cycle where he needed growth capital and some strategic support in executing the next phase of the Company’s growth. Partnering with Steve and his team gave us the opportunity assist them in successfully navigating that growth phase and enabled all of us to realize the significant upside of the Company.” says Robert Shuford, a Managing Partner & Principal of Clovis Point.

“Clovis Point was the ideal partner for me and my team and aided us substantially from strategic, financial and operational perspectives. With their help, we were able to make the investments the Company needed and obtained the strategic advice and counsel, which enabled us to experience phenomenal growth,” said Mr. Conrad. “We couldn’t have chosen a better firm to work with and really enjoyed our partnership.”

In order to effectuate the Transaction, the Company hired Joe Morgan (“Mr. Morgan”), a software investment banker, from D.A. Davidson (“Davidson”). “We were extremely pleased with the process and outcome Mr. Morgan and the entire Davidson team helped us achieve.” said Christopher Joseph, a Managing Partner & Principal of Clovis Point. “We look forward to partnering with Frontier and to helping MediaPRO to execute on its next phase of growth.”

*Testimonials of portfolio company executives are provided to demonstrate the benefits of working with the Clovis Point team. They are not provided to solicit investors in a Clovis Point fund. The portfolio company executive featured in this testimonial is not an investor in a Clovis Point fund and no compensation was provided for such testimonial.

**The specific investment identified is not representative of all of the investments purchased, sold, or recommended and it should not be assumed that the investment identified was or will be profitable. No guarantee of investment performance is being provided and no inference the contrary should be made. Past performance is not indicative of future results. Actual holdings will vary for each fund. A list of all Clovis Point investments is available upon request.

About Clovis Point Capital, LLC

Clovis Point is a Houston, TX based lower middle-market private equity fund that focuses on making both majority and minority growth equity investments in software and technology-enabled business services companies. Clovis Point is a relationship-based investor, utilizing its experience and expertise to help companies realize their full potential. For more information, please visit www.cpcap.com.