Athena invests via flexible deal structures in enterprise software companies and technology enabled business service companies where we can partner to uniquely contribute our deep domain knowledge, strategic and operational expertise, and broad base of relationships to accelerate balanced growth via investment and acquisition, achieve operational excellence, make fundamental improvements and establish market leadership.
Target Company Attributes
Athena invests in companies with proven recurring or re-occurring revenue business models and potential to be a market leader.
Industry
Enterprise Software and Technology-Enabled Business Services
Geography
North America
Revenue
$5m to $15m+ in ARR
Growth
Low growth or path to growth
Retention
80%+ gross annual customer retention
Profitability
Does not need to be profitable
Business Characteristics
- Significant recurring or re-occurring revenue
- Sustainable competitive technology advantage
- High switching costs
- Strong organic and inorganic growth potential
- Capital efficient