Arcadea Group, a permanent-capital growth equity investor in software companies, has made a significant growth equity recapitalization of Spidertracks.
Spidertracks is a provider of aircraft tracking, fleet management, and aviation safety services. The firm delivers an integrated, end-to-end software and hardware platform providing simple access to relevant flight data. The investment is designed to enable sustained growth and increased innovation as the firm scales to meet global demand.
“We rarely see such a high regard by customers for a software company in our collective ~100 investments in SaaS.” said Paul Yancich, managing director of Arcadea Group. “Our market research was clear – no other player has the scale, expertise, products or dependability to reliably meet market demands. By joining forces, Spidertracks now has an institutional-scale balance sheet and network of sister companies in the sector, making Spidertracks the clear leader in the market now and into the future.”