RIA Advisory

Canaccord Genuity Advises Leading Oracle Partner RIA Advisory on its Strategic Investment from Avance Investment Management

Canaccord Genuity is pleased to announce it has advised RIA Advisory LLC, a premier provider of revenue management consulting services, on its strategic investment from Avance Investment Management, a private equity firm that invests in founder-owned, middle market businesses in the services, technology, and consumer sectors.

Founded in late 2016 with the goal of transforming revenue management for large and mid-size enterprises, RIA Advisory is a leading revenue management solutions provider solving mission-critical problems for clients through a compelling combination of scalable Oracle platforms, highly differentiated proprietary IP, institutional knowledge of the revenue management space, and deep domain expertise across the financial services and healthcare verticals. The company's best-in-class, proprietary IP and execution capabilities provide solutions for challenging financial and revenue-focused issues, such as deal management; billing, receivable, payable, and subledger accounting; settlement and collection; and rating and pricing. The company, which employs more than 500 professionals worldwide, is headquartered in Coral Gables, Florida, with offices in the U.K., Canada, India, the Philippines, and Australia.

Avance is a private equity firm with a passion for building great businesses in partnership with talented management teams. The firm focuses primarily on thematic investments within the Services, Technology, and Consumer areas in the U.S., seeking attractive opportunities with catalysts for growth and fragmented spaces with consolidation opportunities. Avance's team has a long history of partnering with founder-owned businesses, industry executives, and management teams and aims to add value to each investment through the application of its STAGE™ value creation framework. Avance has offices in New York and Miami.

RIA’s leading portfolio of diversified offerings solve the most critical and complex challenges CFOs and financial teams face today. The investment from Avance will support the company’s strategy to further diversify its core capabilities and enhance its best-in-class offerings to support the expansion in new verticals to accelerate its growth trajectory. CEO and founder Saket Pabby and the exceptional RIA management team will continue to lead the business forward, as it innovates and expands its footprint and suite of services, support, and product offerings.

Canaccord Genuity, with a team led by Sanjay Chadda, JP Michaud, and Greg Staton, served as the exclusive financial advisor to RIA Advisory.