Navusoft Inc. (“Navusoft”), the fastest growing ERP provider for the waste management industry, announced that it has closed a growth equity round led by Ambina Partners (“Ambina”). Navusoft will use the funds to accelerate hiring across sales & marketing, customer support & implementation, and research & development.
Founded by industry veteran David Navarro, Navusoft is a complete cloud-based product that has taken market share rapidly by offering an ERP, CRM and mobile capability within a single platform. Navusoft has differentiated itself by enabling sales and operational efficiencies for its customers and helping waste management companies to expand and turn into customer service centric operations.
“The waste industry in North America is built on relationships” stated Brad Sovich, Vice President of Sales at Navusoft. “We separate ourselves from the competition by truly partnering with our customers. We answer the phone.”
The transaction marks Navusoft’s first outside institutional capital investment and occurs amid a substantial growth phase for the Company. Navusoft is Ambina’s latest investment in a vertically focused B2B software provider.
“We have been impressed by Navusoft’s growth and innovation in the solid waste and medical waste industries” said Christine Blehle, a Partner at Ambina. “We are excited to partner with the Navusoft team and continue to build upon the company’s incredible momentum.”
Navusoft is a software as a service (SaaS) company developing and ERP and CRM management software for companies providing waste collection and waste products recycling services in North America. From sales to service to billing and invoicing, Navusoft covers the entire customer lifecycle in a single system. Navusoft is led by industry veterans David Navarro, Brad Sovich, and Michael Shannon. For more information on Navusoft, please visit www.navusoft.com.
Ambina Partners is a private equity firm investing in growth-oriented middle market companies. Ambina partners with forward-thinking management teams in sectors including enterprise software, financial services/insurance, and other technology-enabled businesses. Ambina provides companies with the strategic and operational support that delivers long-lasting results. For more information on Ambina Partners, please visit www.ambina.com.