Millennium Systems International, Creator of Award-Winning “Meevo 2” Software, Calls on Partner Serent Capital to Accelerate Growth
AUSTIN, Texas & SAN FRANCISCO – (COMMERCIAL THREAD) –Millenium Systems International (“Millennium” or “MSI”), a leading provider of software for the spa and hair salon industry, announced that it has received a minority investment of Capital Serent, a growth-oriented company that invests in technology-driven technology and service companies.
Millennium’s award-winning end-to-end Meevo 2 platform enables salons and spas to manage critical areas of their business, from customer acquisition and retention to operations and billing. The company’s software powers more than 150,000 users daily and processes billions of dollars in transactions for its thousands of customers around the world. The investment will help the company to expand its commercialization, to continue to innovate its products and to further establish its leading position in the field of beauty and well-being.
The company has recently been active in product innovation, including providing a touchless experience for beauty and wellness customers. Millennium recently announced advancements in product security, including HIPAA compliance and artificial intelligence (AI) and machine learning (ML) capabilities.
John Harms, Founder and CEO of Millennium, said: âWe are delighted to partner with Serent Capital and bring together Millennium’s in-depth industry knowledge gained over three decades with Serent’s extensive experience and resources in vertical software and integrated payments. We’ve waited 30 years to bring in a capital partner, but today was the right time, and Srent is the right partner. Together, we look forward to creating more products and features our customers love and delivering the best spa and salon experience possible.
âWe have gotten to know John and Millennium since 2014 and have developed a great respect for the team, their new cloud-based product Meevo 2 and their loyal customers,â said Stewart Lynn, partner at Serent Capital. âWe are delighted to partner with them as we seek to develop an already special business and position it for the next chapter of growth,â he concluded.
Serent has been an active investor in vertical software with integrated payments in several industries including the lawn care industry with Real green systems, the landscape industry with L M N, the education sector with KEV Group, and the sport event management industry with RefereeSports.
About Serent Capital
Serent Capital invests in growing companies with compelling solutions that exceed clients’ needs. As businesses grow and change, the opportunities and challenges they face change with them. The directors of Serent Capital have direct experience of growth through their experiences as CEOs, strategic advisors and board members of successful companies. Serent leverages its expertise and capital to help growing businesses thrive. For more information on Serent Capital, visit www.serentcapital.com.
About Millennium Systems International
Millennium Systems International is the leading provider of business management software for the beauty and wellness industry, backed by more than three decades of analysis, innovation and disruption. The award-winning Meevo 2 platform is a true all-in-one, cloud-based, HIPAA-compliant and fully responsive growth solution, so users can gain full access using any device. For more information visit www.millenniumsi.com.