Gladstone Capital Corporation Invests in Vision Government Solutions, Inc.
MCLEAN, Va., Jan. 9, 2015 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation (Nasdaq:GLAD) ("Gladstone Capital") announced that it funded revolving credit and senior term loan facilities in December 2014 to support the refinancing of certain existing debts and future growth needs of Vision Government Solutions, Inc. ("Vision"), a portfolio company of Gemini Investors ("Gemini").
Founded in 1975 and headquartered in Northboro, MA, Vision is a leading provider of land parcel management software technology and appraisal services to local government organizations, enabling efficient assessment, billing, collections, mapping, and permitting.
"Vision has a market leading scalable and customizable competitive product, with complimentary offerings to serve the real property valuation needs of large and small, local governments alike. Gladstone Capital is pleased to work with Gemini and Vision's management to provide flexible capital to support the company's growth in the coming years," said John Sateri, a Managing Director of Gladstone Capital.
"It is our goal at Vision to continue to offer our growing number of municipal customers market leading appraisal software and services. Our partnership with Gladstone Capital positions Vision to execute on that goal for the foreseeable future," said Brian McDonald, CEO of Vision.
Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities, consisting primarily of senior, second lien and senior subordinated term loans in small and medium sized businesses in the United States. Information on the business activities of Gladstone Capital and all the Gladstone funds can be found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
CONTACT: For further information:
Gladstone Capital Corporation, 703-287-5893
Released January 9, 2015