LaSalle Capital, a Chicago-based investment firm, and Marquette
Companies today announced that LaSalle Capital has purchased
Minneapolis-based Avtex Solutions from Marquette Companies, a part of
the Pohlad Companies. The acquisition closed yesterday, June 24. Terms
were not disclosed.
Avtex is a leading provider of integrated customer experience technology
solutions and was acquired by Marquette Companies in 2006. The company
serves more than 500 customers in the U.S., and has more than 160
employees in 17 states. Avtex has received national leadership
recognition from both Microsoft and Interactive Intelligence for the
past three years.
According to Bert Colianni, CEO of Marquette Companies, "The sale of
Avtex is a logical outcome of our strategic focus on financial services,
commercial real estate, automotive sales, and sports and entertainment."
"Avtex has been a good performer with a great team, and we believe the
transaction will benefit Avtex in its growth goals. We wish them the
best in the future," he said.
George Demou, CEO and president of Avtex, will continue to lead the
company as it executes its growth strategy delivering innovative
technology solutions and services. "This new partnership accelerates our
investment strategy and allows us to further expand our service
offerings through both internal investment and future acquisitions,"
Demou said. Avtex will continue to be based in Minneapolis; no changes
to staffing are anticipated as a result of this transaction.
Nick Christopher, partner at LaSalle Capital, noted, "George and his
team have built a reputation for delivering exceptional customer
experiences and custmized, technology-enabled solutions. They are a
quality organization and are nationally recognized as a leading provider
of Microsoft and Interactive Intelligence solutions. We are impressed by
the Avtex business model, their strategic plan and the experienced team
of seasoned professionals within the organization."
Avtex offers a full range of services, including consulting and design,
implementation, ongoing support and managed services spanning contact
centers, customer relationship management (CRM), portals, unified
communications, user experience, application development and business
intelligence. Their objective: to eliminate poor customer experiences
for their clients while enjoying the efficiencies and other strategic
benefits that come with an integrated technology strategy.
LaSalle Capital was advised by Sidley Austin LLP. Advisors to Marquette
Companies were Cherry Tree & Associates, LLC and Briggs and Morgan, P.A.
About LaSalle CapitalLaSalle
Capital is a leading private equity firm with extensive experience in
the lower middle market. We currently manage two funds totaling over
$330 million in capital. Our team has deep experience in partnering with
management teams to grow and develop small businesses. We add value to
companies by providing strategic operating focus and promoting growth
organically and through acquisitions. For more information, visit
lasallecapitalgroup.com. If you have questions regarding this
transaction or would like to discuss other opportunities in the
industry, please contact Nick Christopher or Naveen Neerukonda of
LaSalle Capital at (312) 236-7041.
About AvtexAvtex provides
professional services and strategic consulting encompassing a full 360°
suite of solutions including user experience design, application
development, unified communications, contact centers, portals, business
intelligence, and customer relationship management. Driven by technology
know-how and passionate about customer experience, Avtex is uniquely
qualified to help clients deliver exceptional experiences to their
customers using technology. Backed by strategic partnerships with
Microsoft, Interactive Intelligence and Sitecore, Avtex is a strong
provider of customer experience technology solutions and services. Avtex
is a Microsoft Gold Certified and Managed Partner and a platinum-elite
reseller of Interactive Intelligence communications software. Find out
more about Avtex online at www.avtex.com
or follow Avtex on Twitter at @avtex.
Companies is part of the Pohlad Companies, a diverse group of more than
25 companies owned by the Pohlad family. Founded by Carl R. Pohlad in
the 1950s and now managed by his three sons Jim, Bob and Bill, the
Pohlad Companies operate in financial services/banking; commercial real
estate; automotive sales; sports and entertainment, including the
Minnesota Twins, a Major League Baseball franchise; and investments in
privately held companies.
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