Avantce Capital Acquires Questys & VillageFax from VillageEDOCS
Avantce Will Accelerate Questys’ & VillageFax’s Momentum in the Document Management, Legislative Agenda Management , Workflow and Electronic Faxing Markets for Government and Corporations
SANTA ANA, CA – January 19, 2012 – Avantce Capital's and VillageEDOCS' respective boards agreed and approved the sale of Questys and VillageFax's Document Management and Electronic Faxing products and services. The company will operate as a standalone business and VillageEDOCS will continue to operate GoSolutions. This is an exceptional opportunity to accelerate momentum in the Advanced Document and Content Management, Legislative Agenda Management, and Workflow markets for Government and Corporation.
We think that now is the right time to acquire the company and infuse capital, knowledge and expertise as there is a large opportunity to leverage strengths to improve the existing products and services to move towards our vision. Our vision is to deliver a higher level of value to our customers by fostering a new generation of highly reliable, cost effective, flexible, secure document delivery and process improvement solutions that demand a combination of content and process management capabilities.
"Avantce Capital presents a great new opportunity for our customers and our employees," said Mason Conner, Chief Executive Officer of VillageEDOCS. "We'll continue to offer our customers leading solutions and service, and add even greater value with the resources and support of an experienced team."
A big part of the reason why Avantce Capital is interested in the businesses is because we recognize the value of the customers, culture, partners, and brand. Our desire is to continue to grow and develop. We have a lot of experience and expertise in many areas, so we're very excited about the opportunities to share our knowledge, expertise, and resources to improve both our business and our customers. This is about making the business stronger than it was prior to the acquisition.
We're excited about this acquisition because:
1. We think that there is a large opportunity to improve the current offerings, to accelerate into our vision while supporting a high value customer service, employee and partner culture. We believe that Avantce Capital has the best team to work with the current environment and ecosystem to help get there faster.
2. Avantce Capital's team is made up of software operators with twenty plus years of experience operating and successfully growing and supports customers in both the corporate and government markets.
3. We want to align ourselves with our customers and partners to do what's in the best interest of our existing customer base and help improve their productivity, ease of use and value in the solutions we offer.
About Avantce Capital:
Avantce Capital is a private investment company focused on the software industry. We work closely with our management teams and provide access to capital, industry expertise, corporate development, and business development assistance. From strategy to execution, Avantce Capital delivers predictable success.
Avantce Capital principals have more than 20 years of leadership experience. The team has deep and relevant experience in the targeted areas in which we invest. Each principal of Avantce Capital has a proven track record of success throughout their careers including the startup, growth and sale of their prior businesses. Avantce Capital is committed to our businesses and customer's success.
Our investment strategy is to purchase controlling interests in mature companies, embed operational expertise, and apply additional capital for controlled growth and consolidated acquisitions. The companies in which we invest typically are well-established, profitable businesses run by management teams who recognize that partnering with an experienced private equity firm like Avantce Capital can provide the capital and strategic and operational support that will allow their business to grow more rapidly, become a leader and consolidator in its industry and create more value for its customers and shareholders.
For more information please visit http://avantcecapital.com
Contact:
Mike Myers
Chief Commercial Officer
Questys
mmyers@questys.com
