Portside, a Cary, NC-based provider of modern software solutions for the business aviation industry, received a strategic growth investment of undisclosed amount.
The round was led by Vista Equity Partners with participation from existing investor Insight Partners. Ben Benson, Managing Director at Vista, will join Portside’s Board of Directors effective immediately.
The company intends to use the funds to drive continued growth through product and customer expansion strategies.
Led by CEO Alek Vernitsky, Portside is a provider of modern software solutions for the business aviation industry. Its cloud-based operating system for business and government aviation is designed to support all aspects of flight operations, including scheduling and recordkeeping (Avianis, BART and PFM product lines), fleet and crew optimization (Portside Optimizer), safety and compliance (Baldwin), data sharing, reporting and analytics (Portside Owner Portal / Budget & Planning Dashboard), customer billing (ExpensePulse), crew recruiting (Staffing Marketplace), and crew and passenger travel accommodations (Portside Services).
Portside supports over 1,000 operators of business jets, helicopters, medevac, industrial and government fleets, as well as fractional ownership programs, in over 30 countries.
FinSMEs
30/05/2024