Aras has received a debt investment from Bay Capital

Aras, a leading provider of enterprise Product Lifecycle Management (PLM) software, has received mezzanine financing from Bay Capital Partners, a mezzanine debt and structured equity investor.

• Unique cloud-based delivery model addressing the needs of the worlds largest manufacturers
• Highly differentiated in the market as the only open-source subscription-based solution

About Aras

Aras is a leading provider of Product Lifecycle Management (PLM) software for global businesses with complex products and processes.  Aras’ open architecture significantly decreases upfront implementation costs. Its advanced PLM platform technology allows Aras to be easily adaptable to a broad range of design and manufacturing processes for the world’s largest organizations.  Its unique subscription business model eliminates PLM license fees and includes upgrades regardless of what degree of customization has been implemented.

About Bay Capital Investment Partners

Bay Capital Investment Partners was formed in 2007 to specifically address the capital needs of U.S. companies at the smaller end of the lower middle market, investing initially through BCA Mezzanine Fund, L.P. and subsequently through BCA Mezzanine Fund II, L.P. Each fund is licensed as a Small Business Investment Company (SBIC) by the U.S. Small Business Administration. Fund II closed in June 2013 with $150 million of committed capital.