Renovus Capital Partners, a Philadelphia-based investment firm, has acquired ProfitOptics, a digital transformation provider.

ProfitOptics leverages its proprietary software and product development offerings to automate its customers’ manual workflow in order to achieve business and profit targets. Following the business combination, ProfitOptics will accelerate its growth through the development of new technology competencies, expanding its regional footprint, and deepening its customer focus in target industries.

“It was an easy choice to partner with Renovus. Their success record of scaling founder-owned businesses combined with their expertise in the technology services space aligned well with our transaction objectives,” said Tony Pericle, founder and CEO of ProfitOptics. “With Renovus’ network, experience, value creation resources and financial support, we are well positioned to execute on our growth initiatives including recruitment of top developers, strengthening our business development team, and increased adoption of our proprietary software product.”