January 31, 2017: HCAP Partners announces the sale of Vertical Management Systems, Inc. to NewSpring Holdings, LLC, the dedicated control buyout strategy of NewSpring Capital, a family of private equity funds
April 18, 2016: HCAP Partners portfolio company, Vertical Management Systems Inc. (VMS), along with Envestnet | Retirement Solutions (ERS) and United Retirement Plan Consultants (URPC), announced an innovative strategic partnership.
July 29, 2015: HCAP Partners portfolio company, Vertical Management Systems, Inc. (VMS), announces that senior level executive, Bob Ward, joined the company as Chief Revenue Officer effective July 1, 2015.
April 15, 2015: HCAP Partners portfolio company, Vertical Management Systems, Inc. (VMS), announced that its Board of Directors has named financial technology veteran Kevin Rafferty as the company’s next President and Chief Executive Officer, effective April 15, 2015.
Founded in 1992 and based in Pasadena, CA, VMS specializes in the design, construction and hosting of a variety of accounting and process and control software tools for the Fortune 500 Financial Services market. The company’s technology suite renders mutual fund-based business processes hands-free and volume insensitive, with respect to both number of accounts and the number of financial transactions occurring within them.