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Monroe Capital provides USD14.3m credit facility to Venture Technologies

Thu, 21/08/2014 - 06:03

Monroe Capital has funded a USD14.3 million credit facility to support the merger of Venture Technologies with Information Systems Consulting along with the concurrent acquisition of Strategic Allied Technologies.

Based in Ridgeland, Mississippi, Venture Technologies is an IT solutions provider that delivers infrastructure solutions, collaboration solutions, and cloud based services to both private and public sector organisations.
Venture Technologies also owns and operates certified data centres (VTCloud) across the US from which it provides a suite of cloud services to thousands of domestic and international customers.
The merger and continued channel consolidation strategy is supported by FlatWorld Capital, a New York-based private equity firm that specialises in funding and advising middle-market IT firms.

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