Diversis Capital Management, LP, an LA-based private equity firm focusing on software and technology-enabled services has acquired Fishbowl, an automated service for QuickBooks users.

Fishbowl is a desktop inventory management software for QuickBooks customers with core products including Fishbowl Warehouse, Fishbowl Manufacturing, and Fishbowl Online. The firm delivers a number of services including automating order creation, controlling inventory flow, manufacturing inventory management, stock alerts and production efficiency.

“Over the past 20 years, the team has built Fishbowl into a leading provider of inventory management software and we are anxious to further build the manufacturing and warehouse businesses,” said Ron Nayot, Diversis co-founder.

“This transaction is a great validation of our people, platform and market leadership and will help us accelerate product investment to meet growing customer demands,” added John David King, CEO of Fishbowl.

Now Capital Advisors, LLC acted as the sell-side advisor to Fishbowl through the transaction.