Renovus Capital Partners acquires ProfitOptics, a Virginia-based technology services company

PHILADELPHIA CREAM, April 14, 2022 /PRNewswire/ — Renovus Capital Partners (“Renovus”), a philadelphia cream-regionally based investment firm, today announced that it has acquired ProfitOptics (“the Company”). Founded in 2008 and based in Richmond, Virginia, ProfitOptics is a digital transformation company that leverages its proprietary software and custom product development capabilities to automate manual client workflows and help them achieve their business and profit goals. Client solutions are designed, developed and managed by the company’s team of business analysts, software developers and data architects. Through its partnership with Renovus, ProfitOptics intends to accelerate its growth by developing new technology skills, expanding its regional footprint and deepening customer focus in key target industries.

“It was an easy choice to partner with Renovus. Their success in scaling founder-owned businesses, combined with their expertise in technology services, aligned well with our transaction objectives,” said Tony Pericl, Founder and CEO of ProfitOptics. “With Renovus’ network, experience, value creation resources and financial backing, we are well positioned to execute on our growth initiatives, including hiring top developers, strengthening our business development team and increased adoption of our proprietary software product.

“As a rapidly growing company operating at the intersection of two of our key verticals, Technology Services and Healthcare, ProfitOptics has all the ingredients to become another successful platform for Renovus,” said Atif Gilani, Founding Partner at Renovus. “We look forward to supporting ProfitOptics on organic and inorganic opportunities.”

ProfitOptics represents the 12 of Renovusand Investment in the technology services platform and its fourth of Renovus III, a $500 million private equity fund launched in 2021. Like its predecessors, Renovus III focuses primarily on control investments in knowledge and talent industries in the lower middle market.

About ProfitOptics
Founded in 2008, ProfitOptics is a technology services company that uses its proprietary software to deliver customized solutions to its global customers. The company’s offerings include data and analytics, profit optimization and enterprise application development and are supported by its on-shore and off-shore team, known for delivering cutting-edge technology development. Since their inception, the data-driven solutions designed by the ProfitOptics team have generated more than $1.1 billion in benefits for its customers.

About Renovus Capital Partners
Founded in 2010, Renovus Capital Partners is an investment firm specializing in the knowledge and talent industries. Renovus, based in the philadelphia cream area, manages more $1 billion on several investment vehicles. The company’s current portfolio includes more than 20 U.S.-based companies across its four knowledge and talent verticals of education and training, healthcare services, technology services, and professional services. Renovus typically partners with founder-led businesses, leveraging its industry expertise and access to debt and equity capital to drive operational improvements, pursue add-on acquisitions and oversee strategic growth initiatives . More information can be found at www.renovuscapital.com.

SOURCE Renovus Capital Partners

Michael J. Chiaramonte