IT managed solutions developer for the government sector VC3 and private equity firm WestView Capital have launched a new spin-off Cognito Forms.
The offshoot has also received an undisclosed growth equity investment.
Originally formed in 2013, South Carolina-based Cognito is an online form creator as well as a data and payment collection platform. Users can use the platform to easily create forms that meet compliance, integrate with 3rd party apps, encrypt data, implement reservations, and entry management, among other services.
Online payments can be processed through Cognito via transactions, online selling or collecting donations. Forms can be integrated with credit cards, Paypal, Stripe and Square, accepting a range of currencies including Euros, Dollars, Pounds, Kroners and Yen, among others.
Founded in 1994, VC3 provides the government sector with cloud and managed IT solutions. Its services help with processes including application management, infrastructure hosting, custom software, communications, and web development.
WestView general partner Matt Carroll said, ?We are excited to support Cognito spin-off from VC3 by providing growth capital. Cognito Forms hits the ground running with mature operations and a seasoned management team. Our investment ensures that the company will have the financial resources necessary to continue its rapid growth.p>
This is WestView second FinTech deal of the year, having recently deployed capital into data technology company KLDiscovery. The platform helps banks and other institutions to receive support on financial legal matters with easy data and document review.
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