Market Overview

Financial Information Technologies Announces Strategic Investment from TA Associates


Financial Information Technologies, LLC ("Fintech"), the leading
provider of invoicing, electronic payment and analytics solutions to the
beverage alcohol industry, announced today that it has received a
strategic investment from TA Associates and Luminate Capital Partners,
building on the initial 2016 investment by Luminate. Financial terms of
the transaction were not disclosed.

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Fintech is partnering with TA and Luminate to enhance its leadership
role in the beverage alcohol market through new product innovations and
strategic acquisitions. Fintech created the first electronic payment
solution for regulated beverage alcohol and has expanded its products to
offer proprietary analytics tools to help its customers improve their
business operations in myriad ways. Today, Fintech's products are used
daily by more than 120,000 retail locations and over 3,500 beverage
alcohol distributors throughout the United States.

"TA Associates is very experienced in electronic payment and financial
technology markets, and we are delighted to welcome them as a new
investor," said Tad Phelps, President of Fintech. "The firm has a strong
track record of partnering with management to accelerate organic growth
and complete strategic acquisitions. We look forward to working closely
with TA and Luminate to accomplish our goals, while enhancing the value
that we bring to retailers and distributors."

"Fintech is the market leader enabling more efficient commercial
transactions and improving business decisions in the complex and
regulated beverage alcohol market," said M. Roy Burns, a Managing
Director at TA Associates who will join the Fintech Board of Directors.
"With its unique place in the market, we believe that there is a
significant opportunity to build on Fintech's strengths to meet the
demands and expectations of its retail and distributor customers. We are
thrilled to partner with Tad and the entire Fintech organization,
alongside Luminate."

"Fintech has excellent customer retention and satisfaction, and we are
excited about the new products that the team is developing," said Clara
M. Jackson, a Senior Vice President at TA Associates who will also join
the Fintech Board of Directors. "The beverage alcohol market has many
unmet needs that we believe Fintech is well-positioned to address."

"Fintech has continued to extend its leadership position in the two
years since we initially invested in the company," said Hollie Haynes,
Founder and Managing Partner at Luminate Capital Partners who will
remain on the Fintech Board of Directors. "We expect Fintech to be able
to leverage the expertise that TA has developed through its long history
of backing high growth market leaders."

"Fintech is a tremendous company and we are excited to extend our
relationship and continue to build on this powerful franchise," said
Scott Kingsfield, Operating Partner at Luminate Capital Partners who
will serve as Chairman of the Fintech Board of Directors. "We welcome TA
to the Fintech Board and have high expectations for what we can achieve

Goodwin Procter provided legal counsel to TA Associates, Kirkland &
Ellis provided legal counsel to Luminate Capital Partners, and Holland &
Knight provided legal counsel to Fintech.

About Fintech

Fintech, the leading solutions provider for beverage alcohol management,
and regulatory information resource, offers a OneSource® solution with a
suite of profit-building products and services for alcohol distributors
and retailers. With decades of industry experience, Fintech empowers
users with information to increase margins and maximize operating
efficiencies within their beverage alcohol category. By anticipating
client needs, nurturing relationships and growing partnerships within
the industry, Fintech continues to deliver cutting-edge, strategic
solutions that range from purchase order, reconciliation and data
reporting, to pricing and promotion communication, compliance adherence
and regulatory resource connectivity. Fintech manages over 510,000
industry relationships and services more than 3,500 distributors
nationwide. For more information on Fintech, visit

About TA Associates

Now in its 50th year, TA Associates is one of the largest and most
experienced global growth private equity firms. Focused on five target
industries – technology, healthcare, financial services, consumer and
business services – TA invests in profitable, growing companies with
opportunities for sustained growth, and has invested in nearly 500
companies around the world. Investing as either a majority or minority
investor, TA employs a long-term approach, utilizing its strategic
resources to help management teams build lasting value in growth
companies. TA has raised $24 billion in capital since its founding in
1968 and is committing to new investments at the pace of $1.5 to $2
billion per year. TA's more than 85 investment professionals are based
in Boston, Menlo Park, London, Mumbai and Hong Kong. More information
about TA Associates can be found at

About Luminate Capital Partners

Luminate Capital Partners is a private equity firm focused on making
investments in growing enterprise software companies. Luminate partners
with management teams to provide flexible capital and operational
support to drive strategy, accelerated growth and build long-term value.
With headquarters in San Francisco, Luminate invests in portfolio
companies that serve customers globally. Representative investments to
date include AMTdirect, Comply365, Conexiom, Fintech, Oversight Systems,
PDI and StarCompliance. For more information, visit

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