Thursday, August 3, 2006

Private Equity Firm Buys PROFITsystems

The Riverside Company, a Cleveland, Ohio-based private equity firm, has acquired PROFITsystems, a Colorado Springs-based developer of software for the retail furniture software business. Terms were not disclosed. PROFITsystems develops Windows-based software and services for the furniture industry. The Riverside Company is a private equity firm focused on the middle market.