New Heritage to invest in FMS Solutions.

New Heritage, a Boston-based private equity firm that specializes in providing growth capital to founder-owned businesses, agreed to invest in FMS Solutions, a software as a service company. Financial terms were not disclosed. "We chose to partner with New Heritage Capital because of their experience helping businesses grow and improve their service offerings while allowing us, the entrepreneurs behind FMS, to retain control of the operations," Robert Graybill, FMS President and CEO.