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Sverica Capital Management Announces GrowthCap Award of Top Private Equity Firm of 2023

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Sverica Capital Management Announces GrowthCap Award of Top Private Equity Firm of 2023

Boston, MA, Austin, TX and San Francisco, CA – September 26, 2023 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has been included as a Top Private Equity Firm of 2023 as decided by GrowthCap.  

GrowthCap describes the list as being, “comprised of the best private equity firms at scaling companies—they are growth focused. They represent various segments of the market from large cap to middle market to emerging growth and they are either multi-sector or focused on a single sector such as software or technology. Many of the firms are long-standing pillars of the private equity industry while others have been scaling rapidly over the past one to two decades or have chosen to stay specialized in their particular market niche.”

“Since inception, we have specialized in partnering with emerging and founder-based businesses, scaling them to their full potential, and putting the leadership and infrastructure in place to ensure their continued success long after our divestment. Sverica was founded specifically for entrepreneurs who know what it takes to be successful, who put people first, who have worked hard to build a unique business, who push the boundaries within their industry, and who choose to partner with seasoned professionals who have shared values but different talents and perspectives.  We are honored to be recognized by GrowthCap for this award,” said Dave Finley, Jordan Richards, and Frank Young, Sverica’s Managing Partners.

Disclosure Note:  Selections for the award are based on GrowthCap’s, evaluation of each firm’s reputation, CEO’s, limited partners and other general partners, the degree to which a firm helps its portfolio companies, overall firm growth and performance and commitment to ESG, among other factors. To view the full list of honorees and read more about the selection methodology, visit GrowthCap’s website.  The awards and designations are the opinions of the respective parties conferring the award or designation and not of Sverica Capital Management.  Sverica submitted a nomination to be considered for the GrowthCap award, and once selected, paid a fee to participate and distribute the results.  There can be no assurance that other providers or surveys would reach the same conclusion as the foregoing.  Recognitions by third-parties are not indicative of future performance.

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Gorilla Logic Announces Drew Naukam as CEO and Bolsters Leadership Team

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Gorilla Logic Announces Drew Naukam as CEO and Bolsters Leadership Team

Broomfield, CO WEBWIRE – Tuesday, September 26, 2023 Gorilla Logic, a leading digital product engineering services firm, today announced three appointments to its leadership team, effective immediately.

Software consulting industry veteran Drew Naukam has joined the company as CEO. Naukam is a senior executive passionate about the business of building great software. He spent more than a decade at Hitachi Consulting in various software and product engineering leadership roles including the management of the company’s Product Engineering Services business unit. He spent three years with GlobalLogic running the global Commerce and Technology business unit. Most recently, he was the Chief Growth Officer at Ness Digital Engineering, where he helped lead a successful sale of the business to KKR.

“I am delighted to join the Band of Gorillas, and was drawn by the company’s reputation for its technical delivery and top quality service,” said Naukam. “The Gorillas’ expertise in building world-class software has resulted in the ability to serve clients like no other. Going forward, we see demand for modern product engineering continuing to grow as AI accelerates the amount and pace of innovation. Gorilla Logic is uniquely positioned to deliver solutions and offerings that help our customers benefit from that innovation.”

Gorilla Logic’s Dave Barr has been promoted to Chief Delivery Officer and will focus on building and managing the company’s high performing product development and services delivery organizations across the U.S. and Latin America. Barr has more than 20 years of experience leading software engineering and operations in high growth companies. He joined Gorilla Logic in 2021, and continues to work with the team to implement the solutions delivery strategy to support the company’s objectives.

“Gorilla Logic has built an excellent foundation with exceptional technical talent. I look forward to helping our clients solve today’s most complex challenges through innovation and next-level solutions delivery,” commented Barr.

Chris Johnson has been appointed Chief Revenue Officer to drive Gorilla Logic’s next phase of growth. Johnson previously served in business development, sales, and customer success roles at Gorilla Logic and rejoins the company, bringing his extensive global industry knowledge, keen understanding of customer needs, and recent experience as CEO of an international technology organization.

“Gorilla Logic is a pioneer in the nearshoring space with dedicated Agile teams. I’m excited to be back with the Band of Gorillas as we head toward the next evolution of the business. In my recent industry experience, I’ve learned just how special and unique a place Gorilla Logic is and I’m incredibly excited to be back and working with Drew and the team,” said Johnson.

As Gorilla Logic advances its support for clients’ product roadmaps and builds, it continues to be at the forefront of new technologies including AI, cloud, and modern engineering techniques. To meet the needs of the rapidly evolving market, the company is focused on delivering strategic solutions that solve customers’ most complex challenges, enabling them to innovate and grow.

About Gorilla Logic

Gorilla Logic provides product development expertise to Fortune 500 and mid-sized companies, bringing unparalleled expertise across a wide range of modern technologies. Our highly collaborative, Agile Gorillas are uniquely qualified to implement complex software initiatives, and are skilled at large Agile implementations as well—we’re a Scaled Agile® Silver Partner. With offices in the United States, Costa Rica, Colombia, and Mexico, Gorilla Logic helps clients accelerate their product roadmaps and gain competitive advantages to achieve better results faster.

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23-Year Salesforce Consulting Veteran and Coastal Cloud Board Member Eric Berridge Appointed to CEO

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23-Year Salesforce Consulting Veteran and Coastal Cloud Board Member Eric Berridge Appointed to CEO

Palm Coast, FL, September 7, 2023 – Coastal Cloud, a top-ranked Salesforce consulting partner with multi-cloud expertise across industries, has announced that Eric Berridge, a 23-year veteran of the Salesforce Partner ecosystem, and a member of Coastal Cloud’s board of directors, has been appointed as CEO. Tim Hale, Co-founder of Coastal Cloud, is transitioning to Executive Vice Chairman of the board. Co-founder Sara Hale will remain President of Coastal Cloud.

Eric has decades of experience in the Salesforce Partner ecosystem. He is the co-founder and former CEO of Bluewolf, an IBM company (acquired 2016), that he built over two decades as the original and preeminent consultancy for Salesforce solutions. Most recently, Eric helped lead Professional Services at Salesforce as the Chief Commercial Officer.

“Having been a member of Coastal Cloud’s board of directors since 2020, I have seen up close the unwavering dedication that this organization has shown to its customers and their success. I couldn’t be more excited to deepen our commitment to that mission,” says Eric Berridge, CEO of Coastal Cloud. “Tim, Sara, and our entire team have built an incredible foundation over the past 11 years, and I look forward to building on that foundation by growing our relationships with our customers, expanding the impact of technology to drive business results, and investing in helping customers actualize innovation, including using Salesforce as the #1 AI CRM.”

Founded in 2012 as a family-owned business, Coastal Cloud is an award-winning Salesforce Partner with multi-cloud expertise, providing consulting, implementation, and managed services support for organizations looking to generate maximum value from Salesforce. The company has worked with more than 1,300 organizations, and deployed more than 6,100 projects. With a team of over 600 experts holding more than 1,700 Salesforce certifications, Coastal Cloud offers insight and expertise to a wide variety of industries, including healthcare and life sciences, manufacturing, non-profit, public sector, private equity and more.

“Sara and I are thrilled that Eric is joining Coastal Cloud full-time to lead our next phase of growth,” says Tim Hale, Co-founder and Executive Vice Chairman of Coastal Cloud. “Eric is a esteemed leader in the Salesforce Partner ecosystem, and his 20 years of industry expertise, deep relationships with Salesforce executives, and obsession for the customer experience will elevate Coastal Cloud’s position in the years to come.”

Coastal Cloud has won a Global Partner Innovation Award from Salesforce from 2020-2022. The company was also designated a “Leader” in multiple quadrants in the ISG Provider Lens™ Salesforce Ecosystem Partners 2023 Quadrant Report for the United States.

The company’s relentless focus on client outcomes aligns perfectly with the values of their new CEO, whose profound commitment to customers is evident in his authored work, “Customer Obsessed”, a book that continues to serve as an educational resource for entrepreneurs aspiring to cultivate customer-centric enterprises.

For Tim Hale, an eventual transition away from day-to-day operations was always planned, and he will still be in the Palm Coast office most days. Tim says: “When Sara and I started Coastal Cloud in 2012, our children were in elementary school, and we always knew that once we became ‘empty nesters’, we would want more flexibility in our lives. Now that our youngest has gone off to college, we’re excited for this next chapter. In my role as Executive Vice Chairman, I look forward to spending focused time on avenues of expanded expertise for Coastal Cloud, including Data Cloud and AI.”

Recognizing the importance of Salesforce Data Cloud for the future of the Salesforce Partner Ecosystem, Coastal Cloud also welcomed Brynna Evans, Salesforce’s SVP of Data Cloud GTM, as a board observer earlier this year. A five-year Salesforce veteran, she brings expertise in data and AI with Data Cloud, a fast growing platform within the Salesforce ecosystem.

“Data and AI have enormous potential to transform how companies interact with customers and drive business growth. Coastal Cloud is helping clients maximize the value of Salesforce, working with them to develop strategies that leverage AI and insights from Data Cloud to deliver actionable business outcomes,” says Brynna Evans, SVP of Data Cloud GTM at Salesforce.

Salesforce, Salesforce Partner Ecosystem, Data Cloud and others are among the trademarks of Salesforce, Inc.

About Coastal Cloud
Coastal Cloud is a leading Salesforce consulting partner with multi-cloud expertise, providing consulting, implementation, and managed services support for organizations looking to generate maximum value from the Salesforce platform. Founded in 2012, the company offers insight and expertise to a wide variety of industries, including healthcare and life sciences, manufacturing, non-profit, public sector, private equity and more.

Coastal Cloud has deployed projects for a variety of organizations, including Duke Clinical Research Institute, Marriott International, Vibrant Emotional Healthcare, Atkore, and others. The company has been recognized as the #1 rated consulting partner in customer success, earning the Global Partner Innovation Award from Salesforce the last three years. Coastal Cloud attributes its success to a unique company culture, nimble expertise, onshore-only teams, and a relentless focus on delivering quality and forging long-term customer relationships.

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