New MainStream Capital has made an undisclosed investment in Edison, New Jersey-based Avaap, an IT services and software development company. The capital will be used for acquisitions and service expansion.
New York, NY, (June 6, 2016) – New MainStream Capital (“NMS”), announced today that, in partnership with company CEO and Founder Dhiraj Shah, it has invested in Avaap, the fastest-growing IT services and software development firm strategically focused on Infor. Avaap is a premier implementation services provider for Infor’s enterprise application software suite of on-premise and cloud solutions. NMS anticipates providing additional equity capital to support Avaap’s future growth through strategic acquisitions and expansion into new service.
Founded in 2006, and based in Edison, New Jersey with offices in Minneapolis, MN and Chennai, India, Avaap has quickly become one of Infor’s largest implementation partners, having been recognized as Infor Partner of the Year for the last three consecutive years. Avaap offers consulting services for net new implementations and upgrades / migrations for Infor software products, including Infor Lawson, M3, CloudSuite Retail, CloudSuite Financials, EAM and HCM solutions, among others. Avaap also provides a suite of JumpStart implementation acceleration tools and solution dashboards designed to implement software at peak efficiency, increase visibility and control, and extend capabilities of Infor software. Additionally, Avaap offers a single point of contact managed services for systems management, monitoring and maintenance.
“Avaap has experienced remarkable growth over the past several years and the confidence that our investors have placed in us is second only to that of our growing customer base,” said Dhiraj Shah, CEO, Avaap. “This investment will allow Avaap to support continued growth, expand into new territories, and build upon our position as a leader in Infor technology implementations, upgrades, customizations and support. The NMS team has a proven track record of accelerating growth while maintaining the company’s core values and culture. Our focus on developing strong industry-focused service capabilities will continue with the Infor platform at the heart of our strategy.”
Martin Chavez, NMS Co-Founder and Managing Partner remarked, “We have had a focus on this industry for several months and have met with outstanding companies and management teams. Dhiraj and the Avaap team have built one of the leading companies in the industry with an unwavering commitment to quality, customer service and growth. We are thrilled to partner with them in their next phase of growth.”
Together, NMS and Avaap plan to grow through a combination of strategic acquisitions domestically and abroad and look to expand the overall service offering into various Infor software products.
Headquartered in Edison, N.J. with a global center of excellence in Chennai, India, Avaap is one of the largest North American Infor-only IT services and software development firms with deep industry expertise in equipment rentals and sales, healthcare, public sector, manufacturing and distribution, food and beverage, retail and fashion.
Avaap delivers Infor-specific software solutions and IT services designed to help address specific business outcomes, technology optimization and operational excellence. Avaap’s portfolio of JumpStart solutions can help accelerate technology installations and are designed to help customers achieve more immediate value from their Infor software investments. Avaap has earned numerous industry accolades, including being named on Computerworld’s list of 100 Best Places to Work in IT in 2014 and 2015; recipient of Infor’s Alliance Partner of the Year award in 2014 and 2015; 2013 Infor Service Partner of the Year; five year honoree on the Inc. 500, recipient of NJBIZ 50 Fastest Growing Companies 2015 and Best in Biz Awards in 2015. For more information, visit www.avaap.com.
About New MainStream Capital
New MainStream Capital is a private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends. NMS has invested across a broad spectrum of industries, with particular concentration on service oriented businesses in the following three sectors: Healthcare Services, Business Services, and Consumer Products and Services.
For additional information on NMS, visit the firm’s website at www.nms-capital.com.