FOR IMMEDIATE RELEASE
CAYUSE SPINS OFF FROM EVISIONS, REESTABLISHES AS STANDALONE COMPANY
Oregon technology firm to operate under ownership of private equity firm Quad Partners
PORTLAND, Ore. (July 12, 2017) — Cayuse, a Portland, Ore.-based technology firm and leader in electronic research management for universities, hospitals and research institutes today announced that it has spun off from Evisions and is operating as an independent company under the ownership of private equity firm Quad Partners.
Cayuse and Evisions, which provides software to higher education clients for use in enterprise reporting, form management, data transformation and payment processing, merged in 2012 to unify technology offerings across university operations. Re-emerging as an independent company allows Cayuse to focus specifically on core competencies surrounding academic and research environments. The organization will continue to operate out of its Portland office.
“Cayuse is committed to supporting the pursuit of research and discovery,” said Matt McLellan, president and CEO at Cayuse. “We’re ready to focus on our core mission and further contribute to the Portland area’s increasing role as a tech hub. This new phase will enable us to explore new opportunities for growth in the rapidly evolving academic and research environment.”
Matt McLellan, who has more than 18 years of experience focusing on software solutions that ease administrative burden and simplify complex processes, will serve as president and CEO at Cayuse. Jeff Colley will serve as Vice President of Customer Success, and Linda Wilkinson will serve as Vice President of Development.
Cayuse is the latest addition to the Quad Partners portfolio. The New York-based firm has invested in 25 platform education companies and more than 60 add-on acquisitions. The Cayuse suite of products includes: Cayuse 424: Electronic Proposal Development and Submission; Cayuse SP: Sponsored Project Life Cycle Management; the recently released Cayuse IACUC: Animal Protocol Management; and Cayuse IRB: Online Protocol Creation, Submission and Management.
“Cayuse will continue to empower its customers with smart, intuitive and cost-effective solutions, said Daniel Neuwirth, co-founder of Quad Partners. “The brand has a loyal customer base and thriving identity, and we look forward to supporting the Cayuse team as they innovate and grow.”
About Cayuse: Cayuse, LLC. delivers and supports user-friendly solutions that simplify research administration so that the world’s brightest minds can focus on discovery, not paperwork. We are passionate about serving the research community through mindful product creation, dedicated service and a commitment to improving and enriching our world.
About Quad Partners: Quad Partners was founded in 2000 to make value-added private investments in the education industry. Today, Quad is one of the most active investors in privately-owned education companies in the United States. Visit www.quadpartners.com to learn more.