Arcadea Group, a permanent-capital growth equity investor in software companies, has made a $20 million strategic growth equity investment with AvSight, a provider of cloud-based enterprise resource planning and operations management software.
Founded in 2016, AvSight offers business management software for customers with 5 to over 2,000 employees in North America, Europe, the Middle East, Australia, New Zealand and South America. AvSight serves MRO (maintenance, repair and operations), parts and leasing businesses within the aviation software market. The company looks to use the growth equity investment to drive its product roadmap while improving its services, delivery and customer service.
“More and more, we’re seeing that forward thinking customers are tired of being held back by their software and are ready to embrace the modern digital solutions that AvSight offers,” says Scott Loescher, an AvSight founder. We’re excited about the opportunities for continued growth and product enhancements that this partnership will open up for us and the benefits it will bring to our customers.”