The merger represents a significant milestone for both companies, enabling them to accelerate product innovation, drive growth in new markets, and deliver greater value to existing clients

Newport Beach, CA, August 13, 2024 – L Squared Capital Partners is excited to announce the merger of two prominent industry leaders, Foundant Technologies and SmartSimple Software. This strategic combination brings together the strengths of both companies to create an unmatched suite of solutions for the philanthropic, nonprofit, healthcare, and public sectors.
 
Adam Kimura, Partner at L Squared Capital Partners, expressed his enthusiasm for the merger, stating, “We are incredibly proud to facilitate the merger of Foundant Technologies and SmartSimple. Both companies have a strong track record of empowering organizations to achieve their missions, and this merger will allow them to reach even greater heights. By combining their expertise, resources, and innovative technologies, Foundant and SmartSimple will be uniquely positioned to lead the market and provide unparalleled support to the philanthropic and nonprofit sectors.”        
 
The combined expertise of Foundant and SmartSimple will facilitate the development of next-generation solutions that address the evolving needs of philanthropic organizations, foundations, grantmakers, nonprofits, healthcare organizations, and government agencies. By integrating their robust technologies, Foundant and SmartSimple aim to enhance operational efficiencies, improve data-driven decision-making, and amplify the impact of their clients’ missions.
 
“This merger marks the beginning of an exciting new chapter for both Foundant and SmartSimple,” added Brian Scott, Vice President at L Squared Capital Partners. “We believe that Foundant and SmartSimple will set a new standard in the industry, offering powerful, integrated solutions that meet the evolving needs of organizations worldwide. We look forward to supporting their continued growth and success.”
 
The L Squared deal team is comprised of Adam Kimura, Brian Scott, and Stephen Foley.

About SmartSimple Software
SmartSimple Software is a global leader in cloud-based solutions for grants, research, and community management. Known for its highly configurable platform, SmartSimple serves a diverse range of clients across the public, private, and nonprofit sectors, helping them manage complex processes and achieve their strategic goals. For additional information, please visit SmartSimple.

About Foundant Technologies
Since 2007, Foundant Technologies has specialized in making philanthropy easier and more impactful through easy-to-use software solutions and exceptional client experiences. Its team is dedicated to meeting the unique needs of grantmakers, scholarship providers, community foundations, and nonprofits, making the world a better place for all. More than 3,000 funders and nonprofits use Foundant’s software to transform their organizations and maximize their impact in the communities they serve. For additional information, please visit Foundant Technologies.

About L Squared Capital Partners
L Squared Capital Partners is private equity investment firm with over $2 billion of equity commitments under management and is headquartered in Newport Beach, CA, that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Tech-Enabled Services & Software, Education Technology, and Industrial Technology & Services. L Squared’s unique investor base of family offices and institutions enables the Firm to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over 15 years and have over 125 years of combined experience investing in growing private companies. For additional information, please visit www.LSquaredCap.com.

For Additional Information Please Contact:

Adam Kimura
Partner
Office: (949) 398-0177
[email protected]

Brian Scott
Vice President
Office: (949) 617-2059
[email protected]

Stephen Foley
Senior Associate
Office: (716) 783-2393
[email protected]

Provided for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase of any investment. Investing with any investment firm is suitable only for qualified investors who fully understand the risks of such an investment. L Squared Capital Partners are investment advisers registered with the United States Securities and Exchange Commission. Registration does not imply a certain level of skill or training. Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.