Softvision LLC, a Tower Arch Capital portfolio company, said May 31 that it has acquired Momentus Software. Financial terms weren’t announced. Momentus, of Vancouver, is a technology agency offering a research & development lab, solutions consultancy, and technology delivery.
ATLANTA, May 31, 2017 /PRNewswire-USNewswire/ — Softvision LLC, a leading developer of digital products for top brands, has acquired Canadian-based Momentus Software, adding a 17th node to its worldwide Studio network.
“The acquisition of Momentus enables Softvision to strengthen our Product, Design, and UX Guilds, to better service our North American customers. Momentus is a digital innovator, they have an outstanding product design capability to deliver the most engaging digital experiences for various key verticals,” said Andres Angelani, Softvision’s CEO.
“Momentus joining Softvision gives us full access to a great pool of talent to continue our growth. Through Softvision’s network of Studios, we can now scale innovation,” said Almaz Nanjappa, founder and current CEO of Momentus.
“Softvision continues to build on its legacy of growth and innovation with the addition of Momentus,” said Rhett Neuenschwander, Partner at Tower Arch Capital. “We look forward to further expanding our digital capabilities and believe Almaz and his team will be a strong fit with Softvision.”
Established in 1994, Softvision is a leading developer of digital products, 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 2,400 product, design and engineering professionals, throughout a network of 17 studios, in 8 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
Momentus is a technology agency that focuses on emerging technologies that will transform industries. Momentus offers a research & development lab, solutions consultancy, and technology delivery. Clients include Fortune 500 companies, global organizations and disruptive startups. For more information, please visit www.momentussoftware.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 extraordinary returns 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. Tower Arch creates value in a range of industries and works with companies across the United States. 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