Bowstring advises COMPAS Technology in its acquisition by Avionté
October 11, 2018 | Atlanta, GA
Bowstring Advisors (“Bowstring”), formerly CHILDS Advisory Partners, served as the exclusive financial advisor to COMPAS Technology (“COMPAS”), an innovative provider of recruiting and talent management software solutions, in its acquisition by Avionté, a portfolio company of Serent Capital.
The acquisition bolsters Avionté’s front-office offerings and deepens its ability to serve clients in the IT and Professional Staffing end markets. Following the integration of both product suites, Avionté will be one of the only full featured front and back-office software providers to scale across multiple staffing verticals. “Avionté is driving growth and profitability for our customers and simplifying the lives of individuals in the staffing profession,” said Karl Florida, CEO of Avionté. “We are truly excited about entering this next chapter with COMPAS, which we believe will drive continued value for our Clerical and Light Industrial customers and expand our ability to serve clients in the IT and Professional markets.”
Brian Vesce, Founder and CEO of COMPAS, will join Avionté as President of Compas, an Avionté company. In addition to Brian, the full COMPAS team will continue in their roles as part of the combined organization. “We are very confident that the Avionté and COMPAS combination will continue to deliver great results for our customers and our teammates,” said Brian Vesce. “We are very excited about the opportunity to work with the team at Avionté, which is known for its customer-first approach to serving staffing companies.”
Brian further notes, “We selected Bowstring Advisors for their industry specific expertise and intimate knowledge of the competitive landscape. That sector focus combined with Bowstring’s dedication to understanding what was important to our team were vital components to COMPAS Technology entering into an exciting partnership with Avionté Software.”
Scott Rhodes, Managing Director and head of Bowstring’s Software practice, added “We truly enjoyed working with the COMPAS team and are excited about the strong fit with Avionté. We have now completed three recent transactions for software companies serving the staffing and recruitment industries, including COMPAS, Talent Rover’s sale to Bullhorn and PeopleNet Corporation’s recapitalization with The Gores Group.”
We selected Bowstring Advisors for their industry specific expertise and intimate knowledge of the competitive landscape. That sector focus combined with Bowstring’s dedication to understanding what was important to our team were vital components to COMPAS Technology entering into an exciting partnership with Avionté Software.
Founder & CEO