PRESS RELEASE – Read it on Business Wire
SAN FRANCISCO & ROSEVILLE, Calif. — Alpine Investors (“Alpine”) announced that it has made an investment in Escape Technology, the leading provider of ERP software for K-12 schools in California.
Headquartered in Roseville, CA, Escape is the most powerful and comprehensive business system available to Unified School Districts and County Offices of Education. Escape offers an integrated suite of Finance, Payroll, and Human Resource modules that manage mission-critical budgeting and payroll processes for the unique needs of California school business. The Company has been implementing school business software for over three decades and has a strong reputation for its ease of use and customer support, boasting a market leading 85% Net Promoter Score (NPS).
Since inception in 1985, Escape has steadily grown by focusing on developing a best-in-class product and user experience. “The complexity of California regulations and strength of the Escape management team allow the Company to deliver superior customer solutions, responsiveness and reliability,” said Will Adams, a Partner at Alpine and now a board member at Escape. “We couldn’t be more excited to build upon Escape’s clear momentum and strong competitive position in the marketplace.”
“We are very confident in the partnership, Escape’s new CEO, Ali Jenab, and our mutual investment in the future of education technology.”
Robert Towery, who had served as Escape’s CEO, will retire and the current Escape President, Ramona Marshall, will continue running the day-to-day-business operations. Ali Jenab, an Alpine CEO-in-Residence and part of the firm’s PeopleFirst program, has assumed the role as CEO at Escape.
“I am thrilled and honored to join Escape and lead us into the next chapter,” said Ali Jenab, CEO at Escape. “This talented team has built a strong foundation for growth, and together, with Alpine’s support, we will enhance our ability to capture the opportunity in front of us and will further enhance the value we deliver to the market and our customers.”
“When we decided to bring in a partner to help continue Escape’s legacy, we knew we’d found something special in Alpine Investors,” said Escape’s Founder, Robert Towery. “We are very confident in the partnership, Escape’s new CEO, Ali Jenab, and our mutual investment in the future of education technology.”
Dinan Capital Advisors served as the sell-side advisor to Escape Technology.
About Alpine Investors
Alpine is a values-driven private equity firm with a mission to build enduring companies by working with, learning from and developing exceptional people. Alpine specializes in lower middle-market companies in the software, online and business services industries. For more information, visit www.alpine-investors.com.
About Escape Technology
Escape Technology develops state of the art software applications for the business departments of educational organizations. With a mission to power school business, Escape offers an intuitive, comprehensive system designed from the ground up specifically for the unique needs of education. Escape is not just a collection of individual modules, it is a complete, fully integrated solution, running in an online, real-time environment. For more information, visit http://www.escape.technology/