Arcadea Group acquires Adelaide aviation software provider Avinet – Finance – Software

Canadian private equity firm Arcadea Group has acquired Adelaide-based aviation software provider Avinet for an undisclosed amount.

The software-as-a-service (SaaS) provider and Arcadea Group declined to tell CRN the price of the acquisition, which Avinet said “was agreed upon confidentially between previous shareholders.”

Avinet said in a statement that the investment would help the company meet growing global demand for its aviation safety and operations management software.

Avinet boss Aleks Banas said “the demand for purpose-built, highly functional and time-tested software in the general aviation and scheduled charter markets has never been higher.”

“With upcoming global regulations and customer mandates for SMS [safety management systems] and operating solutions, customers are not being properly served by legacy technology vendors or internal makeshift processes. »

“This partnership with Arcadea Group will help us evolve and continue to expand our product leadership through stable, long-term support and Arcadea’s expertise in operations, strategy and M&A.”

The Arcadea Group said it invests in software companies that are “generally controlled by the founders”.

Arcadea Group Chief Executive and Co-Founder Daniel Eisen said: “We are delighted to support the company [Avinet]its customers and its team over the long term.

“Avinet is the quintessential example of what the Arcadea Group was created to serve: high-growth SaaS companies with dedicated, ambitious management teams and long-term potential.”

Avinet’s primary product is its AWS-based safety and operations management aviation system, Air Maestro, which the company sells to customers in the medical rescue, law enforcement, transportation markets. , aerospace defense and commercial flights.

Air Maestro is used for registration, flight logging, incident reporting and pilot fatigue management.

Its Australian customers include the Royal Flying Doctors Service, Toll Group, Western Australia Police, Northern Territory Police, Westpac Rescue Helicopter Service and Broome Aviation.

The South Australia Bussiness Employers Association awarded Avinet its 2014 Export Award for Best ‘Information and communication technologies’ exporter.