Human Capital Firm Names CEO

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Indianapolis-based Adayana Industry Group and Adayana Government Group have a new chief executive officer. Mikell Parsch has held leadership roles with the California-based Coaches Training Institute and Roosevelt Thomas Consulting & Training in Georgia.

March 9, 2015

News Release

Indianapolis, Ind. -- Comvest Capital and AVX Learning LLC announces the appointment of Mikell Parsch to the role of CEO for its subsidiary companies Adayana Industry Group and Adayana Government Group. Adayana Industry Group and Government Group provide strategy, learning, technology and measurement solutions that improve business performance of both commercial and government organizations. Ms. Parsch will oversee strategy, operations, and sales for both organizations to increase revenue and grow the businesses on a domestic and global scale.

"Mikell's strong leadership and progressive executive experience, along with her proven track record of successfully transforming organizations, are exactly what we need to enhance our innovation and support our growth," says Jeff Kidwell, President of Adayana Government Group and J.T. Metzger, COO of Adayana Industry Group.

"Comvest Partners remains committed to supporting the growth of Adayana as a preeminent leader in learning, technology and business consulting services," says Robert O'Sullivan, Comvest Partner. "Under Mikell's leadership, Adayana's dedicated managers and employees will continue to serve as thought leaders, enhance the value proposition for existing customers and expand into new markets."

"I am honored to lead Adayana into this next exciting phase," said Parsch. "Both groups have deep experience in delivering measurable results in the four core practice areas and are poised to tap new opportunities in performance technologies and big data integration to deliver a world-class partner and customer experience. I look forward to working with the Adayana Industry and Government teams as we embark on this exciting journey."

With over 20 years of leadership experience, Ms. Parsch has an exemplary record of driving global high-growth sales and business transformation with an unwavering, customer-centric approach. In her previous roles as President at The Coaches Training Institute and Roosevelt Thomas Consulting & Training, Parsch demonstrated her ability to transform organizations on a global scale. As President and EVP at Franklin Covey, she led the company's expansion into Latin America, Europe and Asia, and was integral to building the domestic and international business model renewal and rebranding strategy.

About Adayana Industry Group, LLC

For over 35 years, Adayana has been partnering with global businesses to improve human capital and business performance through the delivery of four core services: Management Consulting, Learning and Development, Web and Mobile Performance Technologies, and Big Data Integration. With deep expertise in life sciences, automotive, agriculture, manufacturing, retail, and government sectors, Adayana develops talent and drives sales in channels such as franchises, agencies, dealers, and distributors.

About Adayana Government Group, LLC

Adayana Government Group is an industry leader in human capital training solutions and consulting services. We partner with federal organizations to solve their most pressing learning challenges with end-to-end custom solutions, including strategy consulting, learning solutions, and performance technologies. For over 19 years, Adayana Government Group has delivered innovative, customized, and award-winning learning solutions to more than 65 federal agencies. For more information, contact Anna Patsel-Powell, Marketing Manager: apatsel-powell@adayana.com, 703-564-7100, or visit us online at www.adayana.com/government.

About Comvest Partners

Comvest Partners, with $1.8 billion of assets under management, provides flexible financing solutions to lower middle-market companies through its equity and debt funds, often meeting time-critical and complex funding requirements. The firm includes seasoned, senior-level operating executives who partner with managers and owners of companies to operationally improve businesses and create long-term value. Since 2000, Comvest has invested more than $2.0 billion of capital in over 140 public and private companies. Please visit www.comvest.com.

Source: Combest Partners