Leading software, managed services and consulting firm obtains funding to support talent initiatives and accelerate development across its transportation and omnichannel commerce platform
enVista, a global software, consulting and managed services provider, optimizing and transforming physical and digital commerce, announces today it has secured growth capital from First Merchants Bank to foster and fuel global growth.
The firm’s growth trajectory is supported by retailers, distributors and manufacturers that need to rapidly solve for complex supply chain, IT and omnichannel commerce challenges in order to drive profitability, gross margin return on inventory investment (GMROI), cost savings, resilience, agility, and customer service. enVista is laser focused on delivering client value and expanding solutions that add value for its clients.
“When we initially reviewed enVista’s proposal we were impressed not only by the company’s breadth and depth of services, but also its remarkable financial strength, especially given current economic conditions,” said Travis Severson, Vice President of Commercial Banking, First Merchants Bank. “They are a strong competitor within their current market landscape and are uniquely positioned to deliver impressive growth in years to come.”
enVista recently expanded its sales leadership team and added new leadership across the enterprise to foster growth. enVista will leverage the funding from First Merchants to accelerate development and strengthen capabilities across its cloud-native Enspire Commerce Platform that includes its omnichannel order management system (OMS) and global freight audit and payment technology.
enVista Chief Financial Officer, Michelle Demarco said, “We value our strategic relationship with First Merchants Bank and we appreciate their conviction that enVista stands out for its financial strength and growth potential. During my time with enVista, I have been impressed by the strength of the talent, culture, and solutions enVista has assembled. We are delivering exceptional supply chain, IT and commerce results and shareholder value at a time when the market needs it most.”
enVista CEO and co-founder, Jim Barnes, said, “In a tough business climate, enVista continues to grow and invest in solutions that drive value and business outcomes for our clients. We are helping leaders solve incredibly complex challenges in rapid timeframes because we have the breadth and depth of expertise, services and solutions to make a significant, strategic impact.”
Barnes continued, “enVista is well-positioned as the only global software, managed services and consulting firm that can truly optimize and transform physical and digital commerce end-to-end, from source to consumption, and in turn, maximize and accelerate results for retailers, distributors, 3PLs/LSPs and manufacturers. As a customer-obsessed organization, it is immensely gratifying to help our clients better serve their customers and compete in the world of commerce. The future is Unified Commerce.”
Visit our website for more information about enVista.