California-based investment firm Norwest has made an equity investment in Envisage Technologies LLC in Bloomington. Norwest says the investment will help the Software-as-a-Service provider of public safety training and compliance management systems meet customer demand.
Envisage offers training and compliance solutions for local, state, and federal agencies. The company’s areas of focus include corrections, criminal justice, emergency management, fire service, homeland security, law enforcement, military, and other government services.
“Over the past two decades, we’ve become the industry leader because of our vision and unwavering commitment to provide solutions that address the complex training, logistics and operational needs of public safety, military, and homeland security agencies,” said Ari Vidali, Envisage chief executive officer. “This new investment will allow us to accelerate this vision in new and exciting ways while continuing our commitment to focus on the customer first. With Norwest’s financial backing and expertise scaling vertical SaaS companies, Envisage will be in an excellent position to rapidly grow as we support the men and women who put their lives on the line for us each and every day.”
According to officials, current investor Armory Capital will continue its partnership with Envisage and retain a stake in the business.