The Butler Business Consulting Group (BBCG) does more than offer consulting services to companies. They also invest in certain companies, and that is exactly what they did in 2012 when they heard about Synovia Solutions.
Now, seven years later, that investment is paying off. The BBCG will receive a return on their investment in Synovia, a leading provider of fleet tracking solutions for commercial and government markets, as a result of the recent sale of Synovia.
The BBCG has worked with Synovia as a consultant for several years, but was also an early investment partner and shareholder of the company. In April, Synovia was acquired by CalAmp, a technology solutions company based in California. Butler will receive nearly $800,000 as a result of their investment.
Synovia delivers solutions for cities, counties, as well as public and private education transportation providers. The company won an Innovation Award in the Mobile Computing category at the 2019 Consumer Electronics Show for their Here Comes The Bus mobile app.
Trent Ritzenthaler, the Executive Director of the BBCG, says Butler invested in Synovia because of the growth potential the company showed, as well as the innovative approach of the company. Students did in-depth research, and the BBCG worked closely with Synovia before making an investment, he says.
The BBCG, which operates inside the Lacy School of Business, is a full service, professionally led management consulting firm that was formed in 2005.
What: Synovia to present Butler Business Consulting Group with a check for nearly $800,000
When: Monday, June 10th at 3:00 PM
Where: Butler University, Robertson Hall, Johnson Room
Who: Synovia CEO Jon King and Indiana Business Advisors Senior Partner Larry Metzing will present Butler representatives with a large check
Director of Strategic Communications