06-21-2007
VCG Raises Five Million In Capital For Pointwing Recruiting and staffing software Launch
Roswell-based software development firm raises capital to aggressively launch Pointwing, its next generation staffing and recruiting software.
ATLANTA, GA (June 21, 2007) – VCG, Inc., the developer of software solutions and services that power successful recruiting and staffing companies, today announced that it has completed a five million dollar capital raise with Jefferson Capital Partners Ltd. and Constellation Software Inc. (TSX: CSU) to launch Pointwing, a revolutionary new staffing and recruiting software platform.
"We are pleased to have the continued confidence of our institutional investors as well as the new partnership with Constellation Software; we believe that the combination of this new capital and our Pointwing platform will strengthen VCG’s position as the dominant player in our market segment," said Steve Taylor, President & CEO of VCG, Inc.
Pointwing is developed with Microsoft's® .NET technology and deploys an easily extensible service oriented architecture (SOA) for flexible, scalable support of unique business processes enabling firms to enhance their operations based on their business strategies and market.
"VCG has made tremendous progress over the last several years and has emerged as the leading supplier of enterprise solution software to the staffing industry. We are pleased to participate with Constellation in this transaction and look forward to working more closely with them to continue VCG’s rapid growth,” said Tim O’Donnell, a Managing Director at Jefferson Capital.
For more information on Pointwing, visit www.pointwing.com and register for a free demonstration.
About VCG, Inc.
VCG provides comprehensive staffing and recruiting solutions that power success. Since 1976, VCG has helped hundreds of companies and more than 14,000 professionals worldwide achieve operational excellence by streamlining their unique business processes and accelerating finding and placing the people most likely to thrive. VCG, C-PAS, StaffSuite, TempWare-V, WebPAS, StaffSuite WorldLink and WebPAS WorldLink are registered trademarks of VCG, Inc. Pointwing is a trademark of VCG, Inc. For more information visit: www.vcgsoftware.com or call 1.800.318.4983.
About Jefferson Capital Partners, Ltd.
Jefferson Capital Partners, Ltd., located in Richmond, Virginia, is a private equity firm seeking to invest in growth financings, management buyouts, and recapitalizations of well managed, rapidly growing companies, primarily in the consumer, business services, education, health care, and selected information technology industries.
About Constellation Software
Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation Software is an international provider of market leading software and services to a number of industries across both the public and private sectors. The Company acquires, manages and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries.
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