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Renovus Capital Partners Acquires Profitoptics, A Virginia Based Technology Services Firm

Apr 14, 2022•over 3 years ago

Acquiring Company

Renovus Capital Partners

Acquired Company

ProfitOptics

Professional ServicesSoftwareSoftware

Description

Renovus Capital Partners ("Renovus"), a Philadelphia-area based investment firm, announced today that it has acquired ProfitOptics ("the Company"). Founded in 2008 and headquartered in Richmond, VA, ProfitOptics is a digital transformation company that leverages its proprietary software and custom product development capabilities to automate clients' manual workflows and help them achieve their business and profit targets. Client solutions are designed, developed, and managed by the Company's team of business analysts, software developers and data architects. As a result of its partnership with Renovus, ProfitOptics intends to accelerate its growth by developing new technology competencies, expanding its regional footprint, and deepening customer focus in key target industries.

Company Information

Company

Renovus Capital Partners

About

Founded in 2010, Renovus Capital Partners is an investment firm specializing in the Knowledge and Talent industries. Renovus, based in the Philadelphia area, manages over $1 billion across several investment vehicles. The firm's current portfolio includes over 20 U.S. based businesses across its four Knowledge and Talent verticals of Education & Training, Healthcare Services, Technology Services and Professional Services. Renovus typically partners with founder-led businesses, leveraging its industry expertise and access to debt and equity capital to make operational improvements, pursue add-on acquisitions and oversee strategic growth initiatives. More information can be found at www.renovuscapital.com. SOURCE Renovus Capital Partners

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed