Bregal Sagemount Makes Minority Investment in Advanced Solutions International (ASI)
Major external investment positions ASI for growth
Alexandria, VA (July 13, 2016) - Advanced Solutions International (ASI) today announced Bregal Sagemount has made a significant investment aimed at supporting the company's continued expansion.
ASI is a leading global provider of cloud-based software to associations and nonprofits and the developer of iMIS 20 — the industry's first engagement management system (EMS). Bregal Sagemount is a private equity firm focused on investing both capital and strategic assistance into market-leading companies in high-growth sectors. The investment will be used to strengthen ASI's market position, expand product offerings, and support growth initiatives.
"We are very excited to be working with a highly respected and innovative firm like Bregal Sagemount," said Robert Alves, Chairman and Chief Executive Officer of ASI. "Their investment — on the heels of our recent growth — will help us expand the success of our market-leading iMIS 20 Engagement Management System (EMS)™."
"We are honored to partner with the management team at ASI," said Bregal Sagemount founding partner Daniel Kim. "They have built a world-class organization with a strong track record of technology leadership, client satisfaction, and profitable growth."
Terms of the deal were not disclosed. Daniel Kim and Adam Fuller of Bregal Sagemount will join ASI's Board of Directors.
About Bregal Sagemount
Bregal Sagemount is a growth-focused private capital firm with $650 million in committed capital. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $15 million to $150 million per transaction into targeted sectors including software, digital infrastructure, healthcare IT / services, business and consumer services, and financial technology / specialty finance. For more information, please visit www.sagemount.com.
Advanced Solutions International (ASI) is a global software company and recognized industry thought leader that focuses on helping associations and nonprofits increase operational and financial performance through the use of best practices, proven solutions, and ongoing client advisement. Since 1991, ASI has served nearly 4,000 clients and millions of users worldwide, both directly and indirectly through a network of more than 100 partners, and currently maintains corporate offices in the USA, UK, Canada, and Australia.