The investment will enable accelerated growth and innovation as Avinet scales up to meet material global demand for our highly trusted suite of Maestro products.
Aleks Banas, CEO of Avinet, says of the partnership:
“With coming global regulations and customer mandates for SMS and Operations solutions, customers are not adequately served by legacy tech vendors or internal make-shift processes. This partnership with Arcadea Group will help us scale and continue to extend product leadership by way of stable, long-duration backing and Arcadea’s expertise in operations, strategy, and M&A.”
Paul Yancich, Managing Director of Arcadea Group, comments on the decision to partner with Avinet:
“The market feedback on Avinet’s team, product, and reputation were remarkable. Aviation customers leverage Avinet’s SMS and Operations products to solve problems that are incredible complex and mission-critical to operating safely and profitably.”
Daniel Eisen, Managing Director and Co-founder of Arcadea Group, adds:
“Avinet is the quintessential example of what Arcadea Group has been established to serve: bootstrapped, high-growth SaaS businesses with dedicated, ambitious management teams and long-range potential. We are thrilled to support the Company, its customers and team for the long-run.”
About Arcadea Group
Arcadea Group invests in high-quality, independent, typically founder-controlled software companies over typically extremely long durations of time that no private equity or growth equity firm can match. Based in Toronto and investing globally, Arcadea exclusively focuses on businesses with long-term growth potential and ambitions.
You can read the full release here.