Harren Equity Partners invested in US software developer Velosio.

Private equity firm Harren Equity Partners invested in US-based Velosio, a technology partner specializing in business management solutions for small and medium-sized companies and larger enterprises. Financial terms were not disclosed. “Velosio has energetic plans for 2019 to grow the business across our entire portfolio of solutions, practices, and channels,” said Jim Bowman, Chairman of Velosio. “To ensure that we had the right financial partner to help us drive that growth, we undertook an exhaustive search last year to find a partner who not only had the financial resources but someone who also shared our vision of what Velosio can become. We have gotten to know the Harren team over the last several months and we are excited that the investment professionals at Harren share our enthusiasm of, and confidence in, the future of Velosio, and will provide us a capital structure to grow at an even faster pace.”