Evolution Capital Partners has invested in communications company ROI Networks.
ROI, headquartered in San Juan Capistrano, California, provides an integrated voice, networking, data, wireless, text and video service to small and mid-size companies. The technology allows users to access information through any device that is connecting to the network infrastructure.
"ROI Has perfectly positioned itself to capitalize on the industry shift to cloud-based solutions," says Evolution managing partner Brendan Anderson.
For Cleveland-based Evolution, ROI marks the sixth investment from its second fund. The lower middle-market firm has recently invested in emergency management software Knowledge Center, in June, and Cascade Healthcare Services LLC, also in June. For more on Evolution, see Small Deal Sweet Spot.