Softvision LLC, a portfolio company of Tower Arch Capital, said Aug. 14 that acquired Arrow Digital. Financial terms weren’t announced. Arrow Digital, of West Palm Beach, Florida, provides software development services.
WEST PALM BEACH, Fla., Aug. 14, 2018 /PRNewswire/ — Softvision LLC, a leading provider of digital transformation services, has acquired West Palm Beach-based Arrow Digital, adding four new locations to its worldwide network of 23 Studios. Arrow Digital brings a long history of excellence in delivering custom software development solutions across its customer base with unique offerings in Robotic Process Automation (RPA) and deep experience in the financial services industry.
“Softvision’s acquisition of Arrow brings an impressive array of talent and capabilities to our RPA and Big Data & Analytics Guilds,” said Andres Angelani, Softvision’s CEO. “These capabilities, combined with Arrow’s deep understanding of and partnerships with financial service leaders, enable us to deliver the most powerful tools for our financial services vertical, as well as other clients.”
“Partnering with a world-class digital service provider like Softvision and growing our network of efficient delivery centers for even greater scale enables us to innovate our services faster while accelerating client deliveries,” said Ryan Morgan, Founder and Managing Partner at Arrow Digital.
“Arrow is thrilled to partner with Softvision and grow together through enhancing our learning. We have always prided ourselves on our full devotion to all our clients, and this expansion of our talent pool is an exciting step forward in further expanding our capabilities to service our clients,” said Raul Rodila, Co-Founder and Managing Partner at Arrow Digital.
“Arrow Digital has top-tier capabilities and a long history of excellent client relationships based on both their reputation of accountability as well as category-leading delivery,” said David Topham, Partner at Tower Arch Capital. “Bringing on proven leadership in Ryan and Raul, who have already shown success in working with Softvision, makes this an especially exciting time.”
About Softvision Established in 1994, Softvision is a leading provider of digital transformation services, which leverages its network of Studios to help our clients evolve talent, process, and technology; while creating the most impactful custom digital experiences that connect brands and consumers in a relevant and rewarding interaction. With over 2,800 product, design, and engineering professionals throughout a network of 27 studios in 11 countries and 5 continents, Softvision provides a unique value proposition that infuses innovation into every engagement with our clients. For more information, please visit www.softvision.com
About Arrow Founded in 2005, Arrow is an IP-driven, scalable custom software development platform delivering digital experience and RPA solutions within our financial services, education, and non-profit verticals. Arrow has been regularly featured as a key contributor at both Gartner and Forrester Research symposiums in the RPA field. Our clients include Big 4 accounting firms, digital education providers, and non-profit organizations. For more information, please visit https://www.arrowdigital.com
About Tower Arch Capital Headquartered in Salt Lake City, UT, Tower Arch Capital is a lower-middle market private equity fund. They focus on partnering with and growing high-quality family and entrepreneur-owned companies to deliver long-term value for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to small companies to give them the tools they need to achieve their full potential. Target investments include control positions in entrepreneur and family-owned businesses with revenue between $20 million and $150 million or EBITDA between $5 million and $25 million. For more information, please visit www.towerarch.com