Cleveland PE firm The Riverside Company has invested in Virginia-based QueTel, a provider of digital and physical evidence management software. The company will be an add-on to Riverside’s Omnigo Software platform, a provider of public safety, incident reporting and security management software for law enforcement, education and other industries.
QueTel's software also helps law enforcement agencies handle back-office processes, such as forensic request processing, and the management of equipment, uniforms and supplies.
“QueTel has been effectively servicing law enforcement agencies for more than 30 years and is a perfect complement to Omnigo,” Riverside Managing Partner Loren Schlachet said in a statement. “We’re looking to enhance the company’s already proven and successful product functionality as well as expand upon its sales and marketing function during our partnership.”
The company's operations will remain in Fairfax County, Va. “Both of our organizations are committed to maintaining and improving upon how we serve our customers,” QueTel Founder Jim Cleaveland said. “We share a common vision of delivering innovative solutions, best-in-class support as well as creating opportunities for our employees. This will only accelerate through our combination.” Cleaveland will stay involved as a consultant to ensure a smooth transition and remains an owner in the combined organization.
Working with Schlachet and partner Joe Lee on the deal for Riverside were Senior Associate Jake Stoller, Associate Caroline Peck, Analyst Sarah Jensen, Operating Partner Michael Davis and Finance Director Mark Pigott. Managing Partner, Origination, Jeremy Holland sourced the deal for the firm.
QueTel was advised by Stout Risius Ross Advisors, LLC, with Keith Sipes, Managing Director and Global Head of Technology M&A, leading Stout’s deal team.
