MaintenanceNet Gets Private Equity Funding

Carlsbad-based MaintenanceNet, which develops software used to manage maintenance and service contracts, announced Wednesday that it has raised a round of growth equity from private equity company Kayne Anderson Capital Advisors. Size of the funding round was not announced. MaintenanceNet said the company will receive a "substantial" investment aimed at furthering its worldwide operations, technology development, and other efforts. MaintenanceNet's software helps companies manage service and maintenance contracts and other similar sales through the channel. The firm is led by Scott Herron.