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Minneapolis, MN & West Palm Beach, FL, USA, April 9, 2021 -- Norwest Equity Partners ("NEP"), a middle market investment firm founded in 1961, has completed the sale of its portfolio company, Avtex Solutions (or the "Company"), an end-to-end Customer Experience (CX) solution provider and technology company, to TTEC Holdings (NASDAQ:TTEC), a global technology and services provider for end-to-end, digital CX solutions. The transaction, initially announced in March 2021, closed on April 8, 2021

"NEP was a great and supportive investment partner that worked with us to build Avtex into a bigger, stronger company. From the very beginning, NEP understood and shared our vision for growth and focus on clients. The combination of NEP’s capital, strategic insight and extensive resources helped guide us to the place where we can take it to the next level with TTEC. NEP will always be an important relationship to Avtex," stated George Demou, Avtex CEO.

Todd Solow, NEP Partner, shared, "The Avtex employee and client culture is nothing short of impressive, and it has been very rewarding to work with George and his team. We know we accomplished what we set out to do, helping build Avtex into the leading CX solutions provider for the middle market. The entire NEP team is excited for all Avtex’s accomplishments and know that TTEC is a great next partner for them. Together, they will provide an end-to-end CX platform that will address every aspect of the market."

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Posted by Veronica Silva Cusi, news correspondent
Source: https://www.businesswire.com

Date Posted: Monday, April 12, 2021