Arrow Digital acquired by Softvision
7 Mile Advisors announces the sale of Arrow Digital, leading digital transformation and RPA solutions provider, to Softvision.
The sale will strengthen Softvision’s RPA and Financial Services expertise.
CHARLOTTE, NC – 7 Mile Advisors, a Charlotte, NC-based investment bank with offices in Chicago, Houston and LA, recently acted as the exclusive sell-side advisor to Arrow Digital in their sale to Softvision LLC. Tower Arch Capital is the lead investor in Softvision. Arrow Digital, a West Palm Beach based digital consulting firm, offers scalable custom software – delivering business process automation, digital experience and RPA solutions. The firm, with their 160 creative technologists, 5 global offices, and renowned clients such as PwC and Hilton Grand Vacations, will join Softvision LLC, a leader in enhancing the digital consumer experience for top brands.
“Working with 7 Mile was a great experience for us. Their process was so well-organized and predictable that we closed within two weeks of their original project schedule. Our teams were able to work very well together, and they allowed us to continue to focus on driving the business without the process becoming a distraction. As an advisor, they were able to keep a level head and give sound guidance through what would have been an emotional time as owners. In the end, they found a great home for our company with Softvision and we couldn’t be happier with the result.” – Ryan Morgan, Arrow Digital Founding Partner on his experience working with 7 Mile Advisors.
The acquisition strengthens Softvision’s Robotic Process Automation (RPA) expertise and capabilities for the Financial Services industry. RPA is a fast growing business process automation technology, based on the idea of software robots and artificial intelligence workers automating well-defined business tasks for superior efficiency. RPA becomes Softvision’s 14th guild – their Communities of Talent that collaborate globally and infuse technology and design innovation within each client relationship.
“Business and digital transformation is a priority for brands and businesses looking to drive value throughout their organizations and their industries,” said Ryan Morgan, Founder and Managing Director, Arrow Digital. “For over 12 years, Arrow Digital has worked diligently to provide clients with superior service and a trusted partner to help them achieve their objectives. We’re thrilled to join Softvision, where we’ll be able to leverage a deeper pool of talent and scale innovation across new industries while continuing to grow.”
This acquisition marks 7 Mile Advisors second successful transaction in the Custom Software and IT Consulting space in the past month. “Arrow Digital has innovated for customers globally in the digital and Robotic Process Automation segments – the Arrow Digital team and customers will continue to flourish with Softvision. ,” says John Cooper, Director at 7 Mile Advisors. The 7 Mile Advisors team regularly publishes research reports and blogs on the space, disseminating industry trends and notable transactions – including the most recent post titled “The RPA Landscape is Heating Up”.
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
About Arrow Digital
Arrow Digital is a boutique digital consulting firm that designs, develops and delivers high-end technology solutions for enterprises that want custom software, increased competitiveness and personal attention. The firm, comprised of 160 creative technologists, builds enterprise custom software, cloud and RPA solutions, and provides UX services for renowned brands such as PwC, Hilton Grand Vacations, Cracker Barrel and many others. Arrow Digital has strong partnerships with UiPath, Automation Anywhere, Blue Prism, Microsoft and Sitecore. A leading innovator in the field of business and digital transformation, Arrow Digital has presented thought leadership at Gartner ITXpo and Forrester’s New Tech & Innovation Forum, among other industry events. For more information, visit www.arrowdigital.com
Softvision creates impactful end to end digital products and solutions that connect brands with consumers that result in relevant, memorable and rewarding interactions. For more than 20 years, we have been transformational partners, working at the intersection of engineering, design and strategy for the world’s leading brands, including Estee Lauder, Groupon, Goldman Sachs, Macy’s, Mozilla, Neiman Marcus, among others. With over 2,500 product, design and engineering professionals, across a network of 23 studios in 10 countries and 5 continents, Softvision delivers sustainable innovation, agility and an emotional connection that inspires engagement and business transformation. For more information, visit www.softvision.com
About Tower Arch
Headquartered in Salt Lake City, UT, Tower Arch Capital is a lower-middle market private equity fund with $272 million in capital commitments. They focus on partnering with and growing high-quality family and entrepreneur-owned companies to deliver long-term value 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.