About
Founded in 2003 by Dean Sappey and Shane Barnett, DocsCorp delivers desktop and cloud-based document productivity software for specialist segments of the USD$30bn+ Enterprise Content Management market. The company’s productivity suite addresses common productivity problems faced by professionals and not addressed by document management systems.
DocsCorp operates a hybrid desktop/cloud model that matches the needs of their customer base and their preferred operating model. This hybrid model delivers the business a high-quality recurring revenue and upfront revenue stream.
DocsCorp’s product suite includes compareDocs, pdfDocs, cleanDocs, and contentCrawler.
Investment exit
In February 2021, Bailador announced that it had entered into an agreement to sell its investment in DocsCorp for $17m cash. Bailador’s investment in DocsCorp delivered an internal rate of return (IRR) of 30% and 3.4x multiple of investment cost.
DocsCorp was acquired by US-based Litera, a global leader in document workflow, collaboration, and data management solutions. Litera is backed by Hg Capital, a specialist global private equity investor focused on software and business services.
Click here for an overview of our investment in DocsCorp.
Key locations
Sydney (HQ), Australia; London, UK; Pittsburgh & Portland, US; Manilla, Philippines.
Bailador Investment Team managers
- David Kirk (former Director)
- James Johnstone (former Director)
- Michael Hayes
Founder
Dean Sappey, Co-Founder
Founder
Shane Barnett, Co-Founder
Portfolio News
Venn Brown Investment Research Report November 2023
Venn Brown sat down with Paul Wilson, co-founder and Managing Partner of Bailador, to discuss Bailador’s investment strategy, what they look for in a business, the group’s capital management strategy, current market opportunities and portfolio performance.