DocuPhase, a leading provider of Business Process Automation (BPA), accounting automation, and B2B payments software and solutions, announced the acquisition of Frevvo, a workflow automation company providing digital online web forms to capture and manage data. The addition of Frevvo's form and signature technologies further enhances the DocuPhase automation platform, which today offers data recognition (OCR), document management, workflow automation, accounting automation, and payment processing technologies to more than 1,000 customers.
Frevvo, founded in 2008, is a rapidly growing online forms and workflow automation solution serving various industries and businesses of all sizes. The company is well established within Higher Education intuitions and K-12 school districts for delivering automation solutions for student enrollment process, financial aid applications, transcript requests, and various other functions within registrars and student administration offices.
DocuPhase, backed by growth equity firm LoneTree, continues to invest in technology and the resources needed to serve growing market demand in automation software. "The lingering pandemic and rising business expenses on top of a competitive job market has forced businesses to reevaluate their back-office inefficiencies and find ways to operate remotely. For organizations, this means finding ways to transition from manual, paper-based processes to more modern automated systems." Said Matt Koven, Managing Partner at LoneTree. "The acquisition of Frevvo extends DocuPhase's platform solution capabilities, keeping us in position to meet the digital transformation needs of our customers and the market."
“Education is a market Docuphase has targeted for growth,” said Dan Gaertner, CEO of DocuPhase. “Frevvo accelerates that strategy with a customer base that features an extensive list of the world's largest, most respected educational institutions. The simplicity of Frevvo's technology inherently creates new market opportunities.” Dan Gaertner continued, “It can be as simple as an elementary school deploying a student field trip consent form online with a digital signature for parents or as robust to service a Fortune 500 company automating new vendors and invoice approvals for 15,000 invoices a month. DocuPhase plans to integrate their payment processing technology within Frevvo's digital forms allowing customers to collect payments on form submissions. Dan Gaertner concluded, “You'd be surprised how many parents still clip that $20.00 bill to a signed paper field trip form.”
About DocuPhase: DocuPhase is the ultimate solution for companies looking to automate their business processes and provide unprecedented productivity. Founded in 2000 in Tampa Bay, Florida, DocuPhase specializes in automating bookkeeping processes, purchasing orders, sales orders, capturing invoices, approving payments, managing vendors, student, and employee onboarding, and other business processes.
For more information, please visit www.docuphase.com.
About LoneTree: LoneTree is a private, growth-oriented equity investment firm providing flexible financing, mergers & acquisitions, and operating support for leading companies in high-growth sectors. LoneTree invests between $10M - $50M per deal across selected sectors, including software, digital infrastructure, health IT/services, enterprise & consumer services, and financial tech/specialty finance.
For additional information, visit www.lonetreecap.com
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10. Limitations of Liability.
BY USING THE SITE, YOU ACKNOWLEDGE: (i) THAT YOUR USE OF THE SITE IS AT YOUR SOLE RISK; (ii) THAT YOU ASSUME FULL RESPONSIBILITY FOR ALL COSTS ASSOCIATED WITH YOUR USE OF THE SITE; AND (iii) THAT IN NO EVENT SHALL LONETREE OR ANY PARTY INVOLVED IN CREATING, PRODUCING OR DELIVERING THE SITE BE LIABLE FOR ANY DAMAGES, LOSSES OR LIABILITIES OF ANY KIND RELATED TO (a) YOUR RELIANCE ON OR USE OR INABILITY TO USE THE INFORMATION, MATERIALS, PRODUCTS OR SERVICES ON THE SITE, (b) ANY ERRORS OR OMISSIONS IN THE CONENT OF THE SITE, (c) YOUR ACCESS TO, USE OF OR INABILITY TO USE THE SITE OR (d) ANY FAILURE OF PERFORMANCE, ERROR, OMMISSION, INTERRUPTION, DEFECT OR DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS, LINE OR SYSTEM FAILURE OR OTHER COMPUTER MALFUNCION, IN EACH CASE ((a) THROUGH (d)) INCLUDING WITHOUT LIMITATION DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, EXEMPLARY, COMPENSATORY OR CONSEQUENTIAL DAMAGES, LOST PROFITS AND/OR LOSS OF OR DAMAGE TO PROPERTY WHETHER THE ALLEGED LIABILITY IS BASED ON CONTRACT, TORT, NEGLIGENCE STRICT LIABILITY OR ANY OTHER BASIS, EVEN IF LONETREE OR SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, LOSSES OR LIABILITIES. LONETREE RESERVES THE RIGHT TO ALTER OR REMOVE THE CONTENT OF THIS SITE OR SUSPEND OR TERMINATE YOUR USE IN ANY WAY, AT ANY TIME, FOR ANY REASON, WITHOUT PRIOR NOTIFICATION, AND WILL NOT BE LIABLE IN ANY WAY FOR POSSIBLE CONSEQUENCES OF SUCH CHANGES.
11. Severability and Waiver.
If any provision of this Agreement is found to be invalid, void, or for any reason unenforceable, it will be construed in such a manner that would make the provision valid or enforceable. If it is not possible to construe the provision in such a manner that would make it valid or enforceable, then only the term or portion of the provision that renders it unenforceable will be stricken without affecting the enforceability of the remaining provisions. Any failure of LoneTree to act on or enforce any provision of this Agreement shall not be construed as a waiver of that provision or any other provision of this Agreement.
12. Complete Agreement.
13. Termination of the Agreement.
LoneTree reserves the right, in its sole discretion, to restrict, suspend, or terminate this Agreement (and/or your access to all or any part of this or any other LoneTree Site or the Content) at any time and for any reason without prior notice or liability. Upon any termination of this Agreement you must promptly destroy all materials downloaded or otherwise obtained from the Site, as well as all copies of such materials, whether made under the Agreement or otherwise. If this Agreement is terminated, the following provisions shall survive: Section 2 (Intellectual Property Rights and Ownership), Section 8 (Disclaimers), Section 9 (Indemnification), Section 10 (Limitations of Liability), Section 11 (Severability and Waiver), Section 12 (Complete Agreement), Section 13 (Termination of the Agreement), Section 14 (Governing Law and Venue) and Section 15 (Dispute Resolution and Injunctive Relief).
14. Governing Law and Venue.
The Site is made available to you from the state of New York in the United States. If you elect to access and/or use the Site from outside of the United States, we make no warranties that materials on this site are appropriate or available for use in such locations. You agree that you are solely responsible for compliance with any laws of your specific jurisdiction and further agree that you shall not use the Site if you are restricted by any local, state, national or international laws. The laws of the state of New York, without regard to its principles of conflict of laws, will govern this Agreement (including any disputes concerning or related to this Agreement). You hereby expressly agree to submit to the exclusive personal jurisdiction of the federal and state courts sitting in New York City, New York for the purpose of resolving any dispute relating to your access to or use of the Site. Notwithstanding the foregoing, you expressly acknowledge and agree that LoneTree may seek injunctive or other appropriate relief in any court of competent jurisdiction and you consent to exclusive jurisdiction and venue in such courts. You agree that this may require you to submit any disputes related to the use of the Site to final and binding arbitration in the state of New York.
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Injunctive Relief. Notwithstanding the above provisions, LoneTree may apply for injunctive remedies (or an equivalent type of urgent legal relief) in any jurisdiction.
16. Limitation on Time to File Claims
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Effective Date: February 1, 2021
Last Updated: February 1, 2021
Irrespective of which country you live in, you authorize us to transfer, store, and use your information in the United States, and any other country where we operate. In some of these countries, the privacy and data protection laws and rules regarding when government authorities may access data may vary from those in the country where you live. Learn more about our data transfer operations in the “International Transfer” section below. If you do not agree to the transfer, storage and use of your information in the United States, and any other country where we operate, please do not use the Sites or Services.
Terms and Conditions
By accessing or using the Sites in any manner, you also agree to be bound by LoneTree's Terms and Conditions (the “Agreement”). Please read the Agreement carefully. If you do not accept all of the terms and conditions contained in or incorporated by reference into the Agreement, please do not use the Sites.
Information We Collect
We collect information, including personal data, to provide better services to all our Users. We use the term “Personal Data” to refer to any information that identifies or can be used to identify you. Common examples of personal data include: full name, home address, email address, digital identity, such as a login name or handle, information about your device, and certain metadata.
We collect Personal Data in the following ways:
1. Information You Give to Us
You may choose to provide us with Personal Data about yourself when you request information about our Services, transact business with us or engage with us at events or through email or through interactive features on the Site. This Personal Data may include your name, organization, phone number and email address, and any other Personal Data that you may provide. In some instances, you may elect to provide us with location and address information. You may also provide us with Personal Data about yourself when your report a problem or have a question about our Services.
2. Information We Obtain from Your Use of Our Services
We collect certain information automatically, such as your operating system version, browser type, and internet service provider. When you use our Site, we automatically collect and store this information in service logs. This includes: details of how you used our Site; Internet protocol address; and cookies that uniquely identify your browser. We may also collect and process information about your actual location. The information we collect automatically is statistical data and may or may not include Personal Data, but we may maintain it or associate it with Personal Data we collect in other ways or receive from third parties.
3. Cookies and Similar Technologies
We and our partners use various technologies to collect and store information when you visit one of our services, and this may include using cookies or similar technologies to identify your browser or device. We also use these technologies to collect and store information when you interact with services from our partners, such as advertising services. Our third party advertising and analytics partners include Google and similar partners.
The technologies we use for this automatic data collection may include:
Web Beacons. Pages of our services or our e-mails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags and single-pixel gifs) that permit us, for example, to count users who have visited those pages or opened an e-mail and for other related website statistics (for example, recording the popularity of certain website content and verifying system and server integrity).
How We Use Information We Collect
We use your personal data in ways that are compatible with the purposes for which it was collected or authorized by you, including for the following purposes:
We use the information we collect from our Sites to provide, maintain, and improve them, to develop new services, and to protect our firm, clients and portfolio companies.
We use information collected from cookies and other technologies, to improve your user experience and the overall quality of our Services. We may use your personal data to see which web pages you visit at our Site, which web site you visited before coming to our Site, and where you go after you leave our Site. We can then develop statistics that help us understand how our visitors use our Site and how to improve it. We may also use the information we obtain about you in other ways for which we provide specific notice at the time of collection.
Information We Share
We do not share Personal Data with companies, organizations and individuals outside of the Company unless one of the following circumstances applies:
Our Retention of Your Personal Data
We may retain your Personal Data for a period of time consistent with the original purpose for collection. For example, we keep your Personal Data for no longer than reasonably necessary for your use of our products and services and for a reasonable period of time afterward. We also may retain your Personal Data during the period of time needed for us to pursue our legitimate business interests, conduct audits, comply with our legal obligations, resolve disputes and enforce our agreements.
Our Opt-in/Opt-out Policy
We currently provide the following opt-out opportunities:
Third Party Links
The Sites may contain links to webpages operated by parties other than LoneTree. We do not control such websites and are not responsible for their contents or the privacy policies or other practices of such websites. Our inclusion of links to such websites does not imply any endorsement of the material on such websites or any association with their operators. Further, it is up to the User to take precautions to ensure that whatever links the User selects or software the User downloads (whether from this Site or other websites) is free of such items as viruses, worms, trojan horses, defects and other items of a destructive nature. These websites and services may have their own privacy policies, which the User will be subject to upon linking to the third party's website. LoneTree strongly recommends that each User review the third party's terms and policies.
No International Data Transfer
We are committed to complying with applicable laws, regulations and mandatory government standards regarding the protection of Personal Data.
LoneTree only operates in the United States and we do not transfer or store Personal Data outside of the United States. If we ever transfer your Personal Data out of your home jurisdiction, we will implement suitable safeguards and rely on legally-provided mechanisms to lawfully transfer data across borders to ensure that your Personal Data is protected.
How We Protect Personal Data
LoneTree maintains administrative, technical and physical safeguards designed to protect the User's Personal Data and information against accidental, unlawful or unauthorized destruction, loss, alteration, access, disclosure or use. We implement appropriate technical and organizational measures to ensure a level of security appropriate to the risk, taking into account technological reality, cost, the scope, context and purposes of processing weighted against the severity and likelihood that the processing could threaten individual rights and freedoms. For example, we use commercially reasonable security measures such as encryption, firewalls, and transport layer security (TLS) or hypertext transfer protocol secure (HTTPS) to protect Personal Data.
If LoneTree collects account information for payment or credit, LoneTree will use the information only to complete the task for which the account information was offered.
The Site is not intended for use by children. We do not intentionally gather Personal Data about visitors who are under the age of 13. If a child has provided us with Personal Data, a parent or guardian of that child may contact us to have the information deleted from our records. If you believe that we might have any information from a child under age 13, please contact us at firstname.lastname@example.org. If we learn that we have inadvertently collected the Personal Data of a child under 13, or equivalent minimum age depending on jurisdiction, we will take steps to delete the information as soon as possible.
Direct Marketing and “Do Not Track” Signals
LoneTree does not track its customers over time and across third party websites to provide targeted advertising and therefore does not respond to Do Not Track (DNT) signals. However, some third party sites do keep track of your browsing activities when they serve you content, which enables them to tailor what they present to you. If you are visiting such sites, your browser may include controls to block and delete cookies, web beacons and similar technologies, to allow you to opt out of data collection through those technologies.
How to Contact Us
230 Park Avenue
New York, NY 10003