Resurgens Technology Partners, a software-focused private equity firm, has recently announced its investment in Relay, a provider of special education and Medicaid workflow solutions designed to support K-12 school districts across the United States. This investment underscores Resurgens’ commitment to partnering with innovative companies that drive operational efficiencies and deliver impactful solutions in specialized markets.
Relay, established in 1993, has transformed over three decades into a trusted ally for school districts in over 20 states. The platform offers comprehensive solutions that not only reduce administrative burdens and ensure compliance but also streamline funding. This unique feature allows districts to concentrate on student progress and impactful outcomes. Moreover, it provides a comprehensive solution for coordinating the delivery and documentation of special education services and healthcare in schools, while managing the complex Medicaid reimbursement process for district administrators. By simplifying compliance and administrative workflows, the company enables service providers to manage their increasing workloads, ensuring that students in need receive essential services and that districts are compensated appropriately for their services.
Speaking about the development, Danny Carpenter, Principal at Resurgens Technology Partners, said:
We are excited to partner with Relay, whose technology plays a crucial role in the education sector by ensuring that schools have the resources to support students in need. Our investment will help Relay scale its impact, expand its reach, and further enhance its platform to serve school districts better nationwide.
Resurgens Technology Partners is committed to working closely with Relay’s management team to accelerate product innovation, enhance go-to-market strategies, and explore opportunities for growth in both existing and new markets. This partnership is designed to drive Relay’s mission of empowering schools to optimize their service documentation and Medicaid reimbursement processes, ultimately benefiting thousands of students nationwide.
Paul Miller, CEO of Relay, added:
I couldn’t be more excited about this next growth phase. We are determined to continue expanding our capabilities and reach, ensuring that more school districts nationwide can access the funds they need to serve their students effectively.
This investment marks the ninth platform investment from Resurgens’ second fund, a $500 million fund that closed in 2022.
Leonis Partners and Goodwin Proctor advised Lock 8 Partners, Relay’s majority investor. DLA Piper advised Resurgens on the transaction.
