Covenant Group Buys Stake in Software Firm

The Covenant Group Inc., a financial capital management firm based in Irvine, said Wednesday that it has acquired a 20% stake in a Los Angeles software development and consulting firm.

Terms of the deal with Evisions were not disclosed.

Envisions, through its partnership with Covenant, said it expects to gain access to capital for expansion and continued new product development. The company’s clients include many of the nation’s best-known universities and city governments.