Unleashed Technologies “Lincs” Up to Empower US Web Technology Customers and Change the Digital World

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Linc Partners acquires Unleashed Technologies to Drive New Capabilities and Offerings for Clients across the country.

Scott Greenwell, Michael Spinosa and Muhammad Hutasuhut | Unleashed Technologies leadership

From left to right, Scott Greenwell, Co-Founder & COO of Unleashed Technologies, Michael Spinosa, Co-Founder & President of Unleashed Technologies, Muhammad Hutasuhut, CEO of Unleashed Technologies

Unleashed Technologies, LLC is pleased to announce a new collaboration with Linc Partners, that took effect November 1, 2019. The partnership includes a new multi-million-dollar investment from Linc Partners to strengthen Unleashed Technologies’ efforts to build, maintain, and enhance data-rich and complex digital experiences for clients.

Founded in 2007 by Michael Spinosa and Scott Greenwell, Unleashed Technologies’ mission above all is to be the best without exceptions or excuses. In the digital marketplace, Unleashed Technologies is laser-focused on providing, maintaining, and enhancing the very best in high-quality digital experiences, websites, and web applications for customers ranging from national trade associations to Fortune 500 businesses. Today, the company’s award-winning delivery model is echoed in its six time retention as a global leader in business to business professional services delivery. Leveraging its specialization in open-source software such as Drupal, WordPress, Magento, and Symfony, the company delivers unique website and application development for customers with critical, multiple third-party systems, complex data integrations, and a need for seamless customer experiences.

From the management team to the front-line developers that work closely with clients, Unleashed Technologies will continue it’s legacy of client-centric delivery. Teams will remain the same and continue to provide world-class digital services to clients. Building on this team continuity, the leadership duo of Michael and Scott will be supported by Linc Partners Principal Muhammad Hutasuhut, who will join as President of Unleashed Technologies. In addition, the new collaboration with Linc Partners will usher in a new eco-system of knowledgeable, experienced partners: a select group of 10 leading institutional funds and professional investors with deep connections across the technology and services industries.

“We seek to be the most influential digital firm in the United States. And this event marks an exciting and positive inflection point in that journey. As our namesake suggests, we want to unleash the potential of our clients – and the only way to do that is to build out our capabilities so our clients can grow faster. This means bringing a new partnership with a new wealth of contacts, experiences, and access to capital,” says Michael Spinosa, Co-Founder and President of Unleashed Technologies. Added Scott Greenwell, Co-Founder and COO of Unleashed Technologies, “For me, this new investment allows us to stay true to our company’s core values excellence, transparency, and innovation. I’m proud to be part of this new chapter and look forward to supporting the company’s growth ambitions in the web technology sphere.”

For customers, this investment of capital and people will allow Unleashed Technologies to strengthen service delivery of our current offerings while maintaining our existing pricing with clients. With new investment, we plan to develop new offerings that meet the changing web technology needs of clients and allow clients to stay well ahead of the competition. Furthermore, Unleashed Technologies will be in a better position to tailor to client’s preferences, enable them to access new markets and reach new end-users, and leverage the latest in web technology tools and innovation to accelerate the growth of clients.

New capital, experienced investors, and enhanced leadership are reasons for why this partnership will work for Unleashed Technologies and clients. But #UnleashYourPotential is the most compelling reason. “I am drawn to the company’s hashtag because the whole purpose of partnership between Unleashed Technologies and Linc Partners is about continuing to unlock and unleash the potential of so many of our clients. I am committed to working with Mike and Scott to take a business and group of customers that are already great today and accelerate their growth for the long term,” noted Muhammad Hutasuhut, as the newest member of the leadership team.

In addition to a consortium of institutional investors from across the U.S., the Provident Bank was a key financier in the transaction and acted as Senior Lender to Linc Partners. “The Provident Bank is excited to support Linc Partners’ acquisition of Unleashed Technologies, LLC. Our lending facility along with continued support for growth, will enable Unleashed Technologies to move through a new phase of expansion. Our partnership will inject new energy and build on Unleashed Technologies’ strong platform for future growth,” said Zach Duprey, Director of The Provident Bank’s Search Fund Lending Center and the bank’s Senior Vice President.

About Unleashed Technologies

Headquartered in Columbia, MD, Unleashed Technologies is a leading open source-technology provider with clients throughout the U.S, and especially in their home territory in the DC and Baltimore metropolitan areas. The Company produces complex websites for associations and enterprise clients and delivers maintenance and enhancement services to ensure these websites continue to meet the demands of customers’ end-users. The Company serves enterprise clients in diverse commercial segments such as banks and manufacturing companies, online retailers, business-oriented trade associations, and affinity groups with at least 5,000 members. Non-profit entities include military non-profit organizations (ranging from military publishing platforms and think-tanks to veterans’ groups), national and state trade associations, and publishing and educational institutions. As a recognized global leader in development and design, Unleashed Technologies was recently named a top 10 global leader in delivering processional services and has been recognized 6 years a row as the #1 design and development firm for both the Washington, D.C. and Baltimore, MD regions, visit unleashed-technologies.com.

About Linc Partners

Based in Charlotte, NC, Linc Partners is an entrepreneurial investment firm focused on the acquisition and active management of medium-sized growing businesses. Linc Partners was formed with the sole purpose of seeking to make a controlling investment in a stable company with high growth potential. Linc Partners is supported by an unparalleled investor group comprised of institutional and private investors with entrepreneurship and operational experience. Linc Partners’ investor group is distributed across the US with operations based in Boston, New York, Chicago, Dallas, Menlo Park, Orange County, and Los Angeles. For more information, visit linc-partners.com.

About Provident Bancorp, Inc.

Provident Bancorp, Inc. is a Maryland corporation that was formed in 2019 to be the successor corporation to Provident Bancorp, Inc., a Massachusetts corporation, and the holding company for The Provident Bank. The Provident Bank, a subsidiary of Provident Bancorp, Inc. (NASDAQ: PVBC), is an innovative, commercial bank that finds solutions for businesses and private clients. It is committed to strengthening the economic development of the regions it serves, by working closely with businesses and private clients and delivering superior products and high-touch services to meet their banking needs. The Provident Bank has offices in Massachusetts and New Hampshire. All deposits are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). For more information, visit theprovidentbank.com.

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Michael Spinosa
Unleashed Technologies
+1 410-864-8980 Ext: 103
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