Ponte Vedra, FL – June 9, 2014 – Harbor View Advisors is pleased to announce that Serent Capital, a growth equity firm that focuses on investing in profitable, high growth businesses, has invested in Avionte, Inc., a leading provider of staffing and recruiting technology solutions.
Harbor View Advisors served as exclusive financial advisor to Avionte in the transaction.
Avionte Staffing Software provides an innovative suite of front- and back-office software products to the human resources industry. In 2013, the company reported a revenue growth of more than 36 percent year-over-year and net profit up over 95 percent, making it the eighth consecutive year the company has reported a revenue growth over 35 percent.
According to John Long, CEO of Avionte, the Company was looking for an investment partner who could help grow the business, while enhancing the commitment to serving its customers. “We felt that Serent was the perfect partner to help us expand our business and improve our customer service. Serent’s expertise and resources will be invaluable as we take our company to the next level.”
About Harbor View Advisors
Harbor View Advisors works with clients in the software, technology-enabled services and business service industries. The firm’s unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their long term goals. Harbor View offers mergers and acquisition advisory, corporate finance and private placement services. Notably, through our On-demand Corporate Development Services, we provide our clients with a uniquely flexible program to manage both their acquisitions and non-core divestitures.