Month: December 2013

Calgary, Alberta – September 23, 2013 – Sverica International, a private equity investment firm, announced today the sale of its portfolio company Pivot Data Centres Inc. (“Pivot”) to Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) (“Rogers”) for C$155 million. Based in Calgary, Alberta with an additional facility in Edmonton, Alberta, Pivot is a leading data centre solutions provider in Western Canada, specializing in colocation as well as data centre design, maintenance, and relocation.

Sverica acquired a controlling interest in Pivot (formerly Care Factor Computer Services Inc.) in November 2009. Over the course of its investment, Sverica enhanced strategic focus on Pivot’s colocation services, identified Edmonton as an attractive growth market, added depth to management, and facilitated capital investment for significant capacity expansion to support rapid growth.

“Sverica identified the growth opportunities available in colocation and the Western Canadian market specifically, and the vision we shared with management for Care Factor in 2009 is embodied in Pivot’s accomplishments since and its momentum today,” said Frank Young, Managing Director at Sverica. “Pivot has emerged as a leader in Alberta due to its steadfast focus on delivering flexible and reliable colocation services to its clients, and this commitment to client service and support from a strong partner like Rogers will position Pivot for continued growth. This transaction represents a great outcome for Sverica’s investors and Pivot’s management and employees.”

“It has been a privilege working with Sverica, and the Board as the CEO of Pivot, and I am very proud of what we have accomplished,” said Pivot’s CEO Michael Koury. “This transaction is a huge milestone and it represents a tremendous endorsement for all the hard work and effort from Pivot employees over many years in building a great company. Looking forward, we are very excited to be joining Rogers’ Business Solutions as part of the BLACKIRON Data brand. Pivot’s footprint in Alberta helps to complement Rogers’ data centre coverage nationwide, making this an excellent fit.”

About Pivot

Pivot Data Centres provides tailored and flexible co-location data centre solutions that deliver peace of mind through an unwavering commitment to service and quality. It’s their focus today, and it has been their commitment – day in, day out – for nearly a quarter century. With a client base consisting of government, large enterprises, and an extensive roster of medium and small business, Pivot is a leading privately-held co-location provider in Western Canada and offers carrier-neutral facilities, vendor-agnostic infrastructure platforms, high-density solutions, and SSAE 16 and PCI compliancy. Pivot Data Centres operates three co-location data centres in Alberta: two in Calgary and one in Edmonton. www.pivotdci.com.

San Francisco, California – December 18, 2013 – Sverica International Management LLC (“Sverica”), a private equity investment firm, announced today that it has made a growth equity investment in 7Summits, LLC (“7Summits”), a rapid growth company with headquarters in Milwaukee, Wisconsin. 7Summits is a leading provider of social business consulting and agency services, assisting clients to transform their businesses and drive results through online community creation, activation and adoption. Among the many awards the Company has received since its founding in 2009, 7Summits was recognized as Jive Software’s MVP – Partner of the Year for 2012.

In its short history, 7Summits has served an impressive list of large Fortune 500 organizations and established itself as a domain expert and leader in the rapidly growing market for social business technology and services. “Companies are looking to leverage social networking to transform their business across every functional area as we help them to engage their employees, partners and customers to help build their business,” commented Paul Stillmank, Chief Executive Officer of 7Summits. “We look forward to working with Sverica and leveraging their deep experience as we continue to aggressively grow our business and expand into new markets.”

Jordan Richards, Managing Director at Sverica, added: “We are impressed by the talented team of social business experts, the strong client relationships, and the track record of quality work product that 7Summits has built in its short history. 7Summits has demonstrated an impressive level of sustained growth while driving profitability, making the company a great addition to our portfolio. We are excited to partner with Paul and his management team to expand 7Summits’ leadership position in this nascent market and capitalize on growing demand for social business solutions.”

About 7Summits
7Summits LLC is a social business solutions provider founded in 2009 to help companies engage customers, partners and employees to help grow their businesses. 7Summits delivers top line revenue growth and bottom-line productivity improvement by focusing on both consumer influence and employee collaboration. The Company works with dozens of Fortune 500 brands to transform key business processes and become more fully networked enterprises. 7Summits offers deep expertise in social business strategy, community experience design, platform development and integration, as well as community activation. 7Summits is headquartered in Milwaukee, Wisconsin. For more information, please visit http://www.7summitsagency.com.