Library technology and services company Innovative Interfaces has received strategic investments from Huntsman Gay Global Capital and JMI Equity.
Innovative's founder and chairman Jerry Kline will continue to be directly involved in the company's overall operation as chairman of the board and shareholder of the company. SkyRiver Technology Solutions, a provider of library metadata, which is also owned by Kline, received investment on the same terms.
'Huntsman Gay and JMI take a long-term view on investments and bring great vision from outside the library marketplace,' said Kline. 'I am pleased that we were able to find people that understand the importance of our established and new library partnerships and appreciate the strong team we have in place here at Innovative. This new investment will provide the resources that will offer greater opportunities for the company's future growth.'
Both strategic partners are said to have 'seen an opportunity to invest in a financially-strong and entrepreneurial-focused company'.
'Innovative is a fine company with a well-deserved reputation for building great products and services that solve real-world needs of libraries,' said Rich Lawson, co-founder and managing partner of Huntsman Gay, and new vice chairman of Innovative.