Aivars Lode


 Aivars founded Avantcé, a private equity firm, in September 2001 in order to invest in software companies. Following on from the success of Avantcé, Aivars founded IT Capital.   Over the past decade Aivars has been instrumental in a number of investments including Robocom Systems International, Radcliffe, ADT, Aviva Solutions and ROI. In addition to his own investments Aivars has been retained by private equity firms CVC Capital Partners, Golden Gate Capital, Bain Capital and Welsh Carson Anderson & Stowe to advise on their acquisition strategies in Software. Aivars successfully participated in creating the strategies for companies like IBM’s EDI business, Inovis, Infor and Mincom. Aivars also created a consortium to acquire the major airline cargo space for optimization, this resulted in private equity firms Welsh Carson and General Atlantic investing in 3rd party logistics providers.     Prior to founding Avantcé, Aivars was Group President of Descartes Systems Group based in Canada. Descartes is a publicly traded company providing customers with Internet based solutions to manage their complete supply chain. As Group President, Aivars led the company's global expansion efforts, achieving profitable growth as well as completing the successful acquisition and consolidation of two EDI businesses, TDNI and TranSettlements. He was named Group President in April 2000 after leading Descartes' successful expansion into the Asia Pacific region as President Asia Pacific.   Prior to joining Descartes, Aivars was with Oracle heading Applications Software for Australasia. He led the organization’s change from a direct aggressive customer relationship model to that of a consultative business partner.  Aivars first entered the technology industry in 1991, when he joined Dun & Bradstreet Software, an enterprise software solutions provider. During his tenure with DBS he ascended through various management roles and transitioned several divisions from a strategic focus on high growth to that of customer intimacy and operational efficiency. Prior to DBS Aivars held various management positions, including COO, CFO and CIO roles in both public and private corporations.  Throughout his career Aivars has lived in Australia, Canada, Singapore, Hong Kong and has conducted business in most of the industrialized countries in the world.  Aivars holds a Bachelors of Business, Accounting from Swinburne University in Melbourne Australia.  Aivars is a past member of the Board of Directors at First Bank and Trust of Illinois.