MORRISTOWN, N.J.--(BUSINESS WIRE)--Advanced Systems Concepts, Inc announced today that it has secured a strategic investment from Turn/River Capital, a leading technology-focused growth equity firm. The investment will be used to accelerate product development and market expansion for ASCI’s flagship product, ActiveBatch®.
ActiveBatch enables organizations to more easily and reliably develop, integrate, and manage end-to-end IT and business processes. By using a low-code/no-code approach, ActiveBatch can be quickly deployed to meet an organization’s new business demands and to coordinate and consolidate automated processes across an array of disparate applications, databases, and platforms. With ActiveBatch, organizations worldwide have simplified their IT environments, increased efficiency, and established operational peace of mind.
ASCI was founded in 1981 by Ben Rosenberg and has been a pioneer in the IT Automation space for over three decades. Continuous innovation based on feedback from customers and interactions with IT professionals at all levels have earned ASCI recognition as a leader in the IT Automation industry, year after year. Today, ActiveBatch is redefining IT Automation with an architectural, layered approach that features unsurpassed integration capabilities and simplification of increasingly complex IT environments.
“Turn/River was a natural fit for us,” said Ben Rosenberg. “Their operational experience and expertise in the areas of Sales and Marketing complemented our areas of strength in building Enterprise wide products. As our industry transitions from on-premises perpetual to SaaS offerings, this partnership and funding round will allow us to bring our SaaS offerings to market in a more timely and resourced manner while at the same time ensuring that our customers continue to maintain and optimize their existing investments in our software products. This investment will allow ASCI to grow even faster as companies continue to purchase and deploy IT/Business automation to satisfy their company’s business requirements.”
"ASCI has been a leader in the field of IT Automation for over 35 years and has seen tremendous growth driven by its best-in-class product offering and laser focus on customer success," said Dominic Ang, Turn/River Capital's founder and Managing Partner. "We are thrilled to provide growth capital and our expertise in sales and marketing to support the ASCI team as they further expand the functionality and reach of ActiveBatch.”
ASCI was advised by New York-based investment bank Sparring Partners Capital and legal counsel Arnold & Porter Kaye Scholer LLP. Turn/River Capital was advised on its investment by Orrick, Herrington & Sutcliffe LLP.
About Advanced Systems Concepts
Since 1981, ASCI has developed products across markets, including ActiveBatch, a recognized leader in Workload Automation. With a worldwide base of customers in more than 50 countries, Advanced Systems Concepts helps organizations respond to increasingly complex business and IT needs. For more information, please visit www.advsyscon.com.
About Turn/River Capital
Turn/River specializes in growth capital investments, founder liquidity, buyouts, spin-outs, and recapitalizations of technology, web, and SaaS companies. Its strategy is to combine rigorous, iterative marketing, sales, and operational execution with flexible capital to help companies double and triple their growth and build value for everyone. Turn/River Capital is headquartered in San Francisco. For more information, please visit www.turnriver.com.
