Avance Investment Management (Avance), a private equity firm that invests in founder-owned, middle market businesses in the services, technology and consumer sectors, has made a strategic investment in RIA Advisory (RIA), a provider of revenue management solutions.
Financial terms of the transaction have not been disclosed.
Founded in late 2016 with the goal of transforming revenue management for large and mid-size enterprises, RIA has established itself as the leading partner of choice for a wide range of Fortune 100 Companies – including numerous blue chip customers. RIA provides a leading portfolio of diversified offerings, implementing highly scalable Oracle platforms and proprietary differentiated IP and technology to solve the most critical and complex challenges CFOs and financial teams face today.
The investment from Avance will support RIA’s strategy to further diversify its core capabilities and enhance its best-in-class offerings to support the expansion in new verticals to accelerate its growth trajectory. CEO and Founder Saket Pabby and the exceptional RIA management team will continue to lead the business forward as it innovates and expands its footprint and suite of services, support and product offerings.
