Venture Capital News: Portside Lands Growth Investment
2024-05-30
SAN FRANCISCO, CA, Portside, a premier provider of modern software solutions for the business aviation industry, today announced a strategic growth investment.
The round was led by Vista Equity Partners, a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses. Existing investor Insight Partners also participated in the minority investment. Portside intends to use the new funding to drive continued growth through product and customer expansion strategies.
Portside is a premier provider of modern software solutions for the business aviation industry. Portside's cloud-based operating system for business and government aviation is designed to support all aspects of flight operations, including scheduling and recordkeeping (Avianis, BART and PFM product lines), fleet and crew optimization (Portside Optimizer), safety and compliance (Baldwin), data sharing, reporting and analytics (Portside Owner Portal / Budget & Planning Dashboard), customer billing (ExpensePulse), crew recruiting (Staffing Marketplace), and crew and passenger travel accommodations (Portside Services). Portside supports over 1,000 operators of business jets, helicopters, medevac, industrial and government fleets, as well as fractional ownership programs, in over 30 countries.
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