Rutherford and Associates Secures Strategic Growth Investment from Seaport Capital

HOLLAND, Mich. & NEW YORK--(BUSINESS WIRE)--Seaport Capital (“Seaport”), a New York-based private equity firm, announced today that it has made a strategic investment in Rutherford & Associates, Inc. (“Rutherford”) to support the continued growth of the company. Rutherford’s management team has been successful in attracting a wide range of clients, and we are excited at the opportunity to grow their customer base.” Simultaneously with Seaport’s investment, the company announced seasoned technology executive Jim Clishem as CEO. The existing Rutherford leadership team remains in place and is invigorated to work with Jim to grow the business to become the premiere provider of Route Accounting and Warehouse Management Software in the industry. Founder Mike Rutherford, in particular, will move from CEO into the fulltime role of CTO to focus his efforts on providing the company visionary technical guidance to improve the eoStar platform today and into the future. Nearly all of Seaport’s platform investments have been owned by founders or entrepreneurs seeking a collaborative institutional partner to provide the financial and operational resources to grow their businesses and execute on a successful strategic plan.