MRO software business AvSight in equity deal with Arcadea

AvSight, a provider of cloud-based operations management software to maintenance, repair and overhaul providers, as well as parts and leasing businesses, has completed a major growth equity deal with software investment company Arcadea Group. It will use the growth equity investment to accelerate its product roadmap while bolstering services, delivery, and customer service, it said in a January 11 statement, which did not disclose financial details of the deal. “For a long time, the aviation aftermarket space has been dominated by legacy technology solutions. More and more, we’re seeing that forward thinking customers are tired of being held back by