ABOUT INVESTMENT APPROACH PORTFOLIO TEAM NEWS CONTACT ALL NEWS April 29, 2021 Argentum Provides Strategic Growth Investment to UFA NEW YORK, NY – UFA, Inc., a leading provider of mission-critical air traffic control (ATC) simulation and training software solutions to the world’s air navigation service providers, militaries, universities and major commercial integrators, announced today that it has received a strategic investment from Argentum, a growth equity firm that partners with founders and entrepreneurial owners to build industry leading business-to-business solutions and technology-enabled services companies. The investment will accelerate UFA’s product development and technology efforts, including its groundbreaking voice recognition system, image generation software, and cloud-based simulation platforms, and expand the company’s industry-leading customer service capabilities. UFA represents the fourth investment by Argentum Capital Partners IV, L.P. (ACP IV), Argentum’s latest fund, which recently held its initial closing. Covering a global footprint of nearly 400 air traffic control centers, airports, military bases, and training academies, UFA’s software solutions serve as foundational components of ATC infrastructure for leading air navigation service providers (ANSPs), civil aviation authorities, militaries, defense contractors, and educational institutions. Customers including the U.S. Federal Aviation Administration (FAA), the U.S. Military, DFS Deutsche Flugsicherung, NAV CANADA, skyguide, CAA Singapore, numerous NATO militaries, and major universities such as Kent State University, University of North Dakota, and University of Massachusetts, rely on UFA’s solutions to power their mission-critical ATC training, simulation, operational systems testing, research, continuing education, safety, and certification functions. “Argentum’s investment further enhances our ability to deliver innovative solutions and industry-leading service and support to our valued clients and partners around the world,” said David Wolff, Chairman and CEO of UFA. “Based on their founder-friendly approach, and successful track-record supporting innovative software and services companies, including several that serve the aviation industry, we feel that Argentum is the ideal partner for UFA as we continue to enhance our core product portfolio, broaden our software-as-service (SaaS) offerings, expand our customer base, and bring new levels of efficiencies, automation, and cost savings to our clients.” “With an impressive long-tenured customer base, industry-leading technology portfolio, and first-to-market SaaS solution that migrates air traffic training to the cloud, UFA is well-positioned to capitalize on the increasing need to upgrade aging ATC technology infrastructure, address growing demands for remote and decentralized learning, and automate labor-intensive processes,” said Daniel Raynor, a Managing Partner of Argentum, who will join UFA’s Board of Directors in connection with the investment. Chris Leong, Partner at Argentum added, “UFA is at an attractive inflection point, with significant sales and product development momentum, and favorable market catalysts. We’re excited for the opportunity to partner with David and his team, support the company’s next phase of growth, and assist UFA in further solidifying its position as the world’s leading developer and provider of ATC simulation and training solutions.” UFA also represents Argentum’s latest investment in aviation software and services, joining Flightdocs, LAUNCH Technical Workforce Solutions, and EmpowerMX. About UFA UFA, Inc. is a leading provider of mission-critical air traffic control (ATC) simulation and training software solutions to the world’s air navigation service providers (ANSPs), militaries, universities and major commercial integrators. Covering a global footprint of nearly 400 air traffic control centers, airports, military bases, and training academies, UFA’s customers include the U.S. Federal Aviation Administration (FAA), the U.S. Military, DFS Deutsche Flugsicherung, NAV CANADA, skyguide, CAA Singapore, numerous NATO militaries, and major universities such as Kent State University, University of North Dakota, and University of Massachusetts. UFA is headquartered in Burlington, MA, with wholly owned subsidiaries in Germany (ATCSim GmbH), Canada and Singapore. About Argentum Argentum is a New York-based growth equity firm that partners with entrepreneurial owners to build industry-leading B2B software, technology-enabled and business services companies. The firm invests in companies with revenues of $5 million to $25 million, providing capital to accelerate growth, fund acquisitions and / or generate shareholder liquidity. Over its 30-year history, Argentum has invested in 90 companies and supported more than 200 add-on acquisitions. Argentum fills the growing gap between early-stage venture capital investors and later stage growth equity firms by targeting bootstrapped companies seeking $5 million to $15 million of equity capital. Share Summary Overview DOWNLOAD PDF CONNECT FIND US 60 Madison Avenue Suite 701 New York, NY 10010 TALK TO US Phone: 212.949.6262 Fax: 212.949.8294 tag@argentumgroup.com JOIN OUR MAILING LIST This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. TERMS & PRIVACY SITEMAP © 2021 Argentum Group. All Rights Reserved. Website Design by MVP Marketing + Design