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InvoTech to Texas Buyer

 InvoTech Systems Inc., a Woodland Hills uniform inventory management software developer serving the hospitality industry, was acquired late last month.

Terms of the deal between the buyer, HID Global Corp. in Austin, Texas, and InvoTech were not disclosed. 

Harvey Welles, chief executive of InvoTech, said that the company was pleased to have completed the transaction on Dec. 23 with a “world class organization” such as HID Global, which shares its values as family-owned and operated business.

“Our companies have developed a strong working relationship over an extended period, and we are extremely excited about the ability to continue the growth and development of InvoTech under the leadership of HID,” Welles said in a statement. 

InvoTech is now part of HID’s identification technologies business. 

Calabasas Capital acted as the investment banker for InvoTech in the deal. 

David Bonrouhi, managing director of Calabasas Capital said that the firm was honored to have worked with Welles and Chief Financial Officer Jennifer deSpain in helping the family complete the transaction. 

“HID Global is the perfect partner to accelerate growth into new and expanded markets by leveraging InvoTech’s dominant position as the leading inventory management software solutions provider for uniforms and linens in the hospitality sector,” Bonrouhi said in a statement. 

Founded in 1993, InvoTech provides software for managing the lifecycle of employee uniforms, identifying, counting and tracking linen and tracking and managing laundry activity for such clients as Hilton Hotels & Resorts, Hyatt Hotels & Resorts and theme parks owned by NBCUniversal. 

Katherine Tangalakis-Lippert
Katherine Tangalakis-Lippert
Katherine Tangalakis-Lippert is a Los Angeles-based reporter covering retail, hospitality and philanthropy for the San Fernando Valley Business Journal. In addition to her current beat, she is particularly interested in criminal justice topics, health and science stories and investigative journalism. She received her AA in Humanities from Moorpark College in 2016, her BA in Communication from Cal Lutheran University in 2019 and followed it up with a MA in Specialized Journalism from USC in the summer of 2020. Through her work, Katherine aspires to help strengthen the fragile trust between members of the media and the public.
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