Resolute Solutions Corp., a Bellevue, Wash.-based technology consulting firm, has raised $7.6 million in new private funding. The deal included a $4 million equity tranche led by Aequitas Capital Management.
Resolute Solutions Corporation, a technology consulting firm that leverages its expertise in custom development and mobile learning to deliver end-to-end business solutions, today announced that it has closed investments totaling $7.6 million, including over $4 million in new equity. The majority of the equity investment came from alternative asset management firm Aequitas Capital Management, Inc., with the remainder from senior management and existing shareholders. The remainder of the investment was in the form of debt. Funds will be used in part to finance future growth as the company expands into new markets and industry segments.
“Resolute has proven its value with established lines of business in healthcare, financial services, media and entertainment and corporate learning. The firm is clearly a leader in its field, and we look forward to supporting its continued expansion in these industries,“ said Andy MacRitchie, executive vice president of Aequitas Capital Management. “With our support of Resolute, we are pleased to be making the third platform investment from our private equity fund, Catalyst, a natural fit with Resolute's direction.“
This year, Resolute was named one of the fastest-growing private companies by Inc. magazine and again by the Puget Sound Business Journal. Leading Fortune 1,000 and mid-market companies work with Resolute to custom develop end-to-end business solutions in these highly strategic areas: portals and collaboration, business intelligence, unified communications, user experience and mobile learning.
“We are very pleased with the financing support that Aequitas Capital has provided Resolute and, more importantly, look forward to leveraging our partnership to meet the market expansion opportunities that we see ahead for the company,“ stated Resolute Chief Executive Officer John Fallou.
About Resolute Solutions Corporation
Founded in 1996, Bellevue, Washington-based Resolute is a privately held business and technology consulting firm providing integrated solutions to Fortune 1000 and mid-market enterprises. Resolute leverages its specialized expertise in custom development and learning services to deliver end-to-end business solutions. Resolute increases organization's productivity by optimizing their voice and data-centric information and distilling it into knowledge provided to workers through user-friendly technology. For more information please visit www.resolute.com.
About Aequitas Capital Management
Established in 1993, Aequitas Capital is an innovative and socially conscious alternative asset management firm providing equity, debt and mezzanine solutions to the middle market, healthcare and energy sectors. For more information, visit www.aequitascapital.com or call 503-419-3500.