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Zyston LLC Announces the Strategic Acquisition of Blue Lava

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Zyston LLC Announces the Strategic Acquisition of Blue Lava

Dallas, TX – October 5, 2023   Zyston, a leading Managed Security Services Provider (MSSP) based in Dallas, Texas, is thrilled to announce its acquisition of Blue Lava, a Security Program Management SaaS solution designed collaboratively with the CISO community.

Zyston’s acquisition of Blue Lava marks a strategic move to further enhance its Cybersecurity Performance Management (CPM) offering by integrating Blue Lava’s capabilities into Zyston’s industry leading CyberCAST security program maturity software. CyberCAST helps security and risk leaders to assess and manage the performance of cybersecurity programs using a risk-based, outcome-driven approach. It also helps organizations quantify the impact and effectiveness of their security investments while identifying gaps in security performance.

Demetrios (Laz) Lazarikos, Founder of Blue Lava acknowledges “Zyston and Blue Lava have very similar visions – building products and services with, by, and for the CISO community. The Zyston acquisition will allow us to continue empowering security leaders to communicate effectively about their cybersecurity program in the language of the business.”

Zyston CEO, Craig Stamm agrees “Blue Lava is a pioneer and early leader in security performance management. By combining the Blue Lava platform with Zyston’s CyberCAST technology, we will significantly enhance our capabilities and advance our efforts to shape the market in this space.”

“When Sverica made its investment in Zyston in June of this year, we believed that Zyston and its leadership team would provide a strong foundation as a platform investment in the cybersecurity space. The acquisition of Blue Lava represents another step in the execution of that strategy.” said Frank Young, Managing Partner at Sverica.

Today’s acquisition of Blue Lava emphasizes Zyston’s commitment to delivering comprehensive end-to-end services for building and operating cost-effective information security programs.

About Zyston

Zyston is a managed services provider dedicated to providing businesses with a comprehensive range of end-to-end services required to build and operate a mature and cost-effective information security program. The company combines consulting, staffing, managed security services, and AI-driven software to provide superior cyber program management. For more information, visit www.zyston.com.

About Blue Lava

Blue Lava manages the business of security. Built by a team of tenured security operators, Blue Lava is the industry’s first security program management platform, guiding CISOs to measure, optimize, and communicate their programs with confidence and ease. Blue Lava has built long-term relationships with customers, earning the trust of executive teams across various industries, from small businesses to global enterprises. For more information, please visit bluelava.io.

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Resonetics Completes Acquisition of Memry and SAES Smart Materials

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Resonetics Completes Acquisition of Memry and SAES Smart Materials

Nashua, NH – October 2, 2023  Resonetics announced today that it has completed the previously announced acquisition of Memry Corporation and SAES Smart Materials, Inc. from SAES Getters S.p.A., Milan, Italy. Memry Corporation and Smart Materials are recognized leaders in the nitinol supply chain for the medical device industry with operations in Bethel, Connecticut, New Hartford, New York, and Menlo Park, California. Both companies will be rebranded as Resonetics. 

“Memry and SAES Smart Materials have built a legacy as critical suppliers of nitinol mill products, semi-finished materials, and complex components and implants to the medical device industry,” said Kevin Kelly, President and CEO of Resonetics. “Nitinol is a key growth driver for Resonetics, and we’re excited to expand upon our existing nitinol processing capabilities with these acquisitions so that we can provide a more complete and cost-effective nitinol solution. We believe that further investment in both businesses will allow us to expand our capacity and capabilities so that we can better serve the needs of our customers and build upon their strong market potential.” 

“Resonetics establishes technology expertise in key areas and supports customers with quick turn prototyping and process development through our network of Lightspeed Labs,” said Kevin Hartke, Chief Technology Officer at Resonetics. “The addition of Memry and SAES Smart Materials adds important nitinol material knowledge and proficiency in melt to component manufacturing. We will implement our Lightspeed Lab franchise model and establish a new lab at the Bethel, Connecticut facility with dedicated engineers and equipment to help customers reduce time to market with faster prototyping and direct collaboration with our engineers.” 

With three facilities in the United States and a workforce of approximately 600 employees, Memry and Smart Materials will advance Resonetics’ position in the nitinol material conversion market for new and emerging medical device technologies across some of the most dynamic market applications in the industry. The Memry business will add extensive electric discharge machining capabilities, additional laser processing, centerless grinding, and nitinol tubing, sheet, and wire fabrication. The Smart Materials business creates nitinol material from nickel and titanium and converts it into various form factors. 

Nitinol is enabling many technological advances in a growing array of therapeutic areas including structural heart, peripheral vascular, electrophysiology, neurovascular, and orthopedics. Resonetics has existing nitinol centers of excellence in San Diego, California, and Or Akiva, Israel with a focus on laser cutting, laser welding, braiding, shape setting, and electropolishing. In addition, Resonetics is a leader in centerless grinding of nitinol wire with operations in Blaine, Minnesota and Alajuela, Costa Rica. 

About Resonetics

Founded in 1987, Resonetics is a pioneer in advanced engineeringproduct development, prototyping, and manufacturing solutions for the life sciences industry. Resonetics is a leader in laser processing, nitinol processing, centerless grinding, thin-wall stainless steel & precious metal tubing, photochemical machining, microfluidics, sensor solutions, and medical power. With strategically located AGILE Product Development centers and Lightspeed Labs, Resonetics is committed to quality, speed, innovation, and a great customer experience. The company is ISO 13485:2016 certified with 17 facilities and more than 2,600 associates in the United States, Canada, Costa Rica, Israel, and Switzerland. Resonetics is backed by leading private equity firms Carlyle and GTCR. Learn more at www.resonetics.com. 

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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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Stream Companies Hits Sweet 16th Recognition on Inc. 5000 Fastest Growing Companies List

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Stream Companies Hits Sweet 16th Recognition on Inc. 5000 Fastest Growing Companies List

West Chester, PA – August 31, 2023 Stream Companies, announced today that the leading full-service, integrated, tech enabled advertising agency, has been named on the 2023 Inc. 5000 annual list of the fastest growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.

This is the sixteenth year the advertising agency is recognized, an accomplishment only shared by ten companies nationally. With a proven record of 26 years of consecutive growth and three-year revenue growth of 120%, through the most challenging of markets for the advertising sector, Stream Companies has no intentions of slowing down.

“This accomplishment is a testament to the relentless dedication and creativity of our entire team, our commitment to true partnership with our clients, our collective focus on data and innovation, and our commitment to doing the ordinary extraordinarily well,” said David Regn, CEO of Stream Companies. “Our 16th win is certainly a significant milestone. To say that we are proud would be an understatement.”

While the last three years bore challenges for many agencies, Stream’s ability to pivot provided avenues to not only survive, but thrive. A recent yet significant factor in Stream Companies’ continued growth has been their investment into innovative first party data solutions and partnerships and early adoption of household-based media activation.

The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.

“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”

More about Inc. and the Inc. 5000 Methodology

Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.

About Inc.

Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced   every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com. For more information on the Inc. 5000 Conference & Gala, slated for October 31-November 2 in San Antonio, visit http://conference.inc.com/.

About Stream Companies:

Stream Companies is a full-service, fully integrated, tech-enabled advertising agency. With over 26 years of experience in advertising and digital marketing and numerous accolades of Inc 5000, Best Companies to Work For, Healthiest Employer and more, Stream Companies uses a data-driven and solutions-oriented approach to deliver retail traffic and results to businesses across the U.S.

Stream has partnered with over 2,000 businesses in numerous industries, including automotive, education, healthcare, and finance. Automotive clients include some of the biggest publicly and privately-owned companies in the United States.
To learn more about Stream’s offerings, visit http://www.streamcompanies.com

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Coastal Cloud Named Among the Inc. 5000 Fastest Growing Companies

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Coastal Cloud Named Among the Inc. 5000 Fastest Growing Companies

Palm Beach, FL –  August 27, 2023 – We’re thrilled to announce that Coastal Cloud has been named one of the fastest-growing private companies by Inc. Magazine for the 2nd year in a row! And, on top of that, included by Inc. Magazine in a small set of companies that “Get How Happiness Drives Employee Productivity!”

Coastal Cloud Ranks Among the Fastest Growing Companies in the U.S., to learn more about Coastal Cloud click here. 

 
 
 
 

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First Stop Health Recognized on Inc. Magazine’s 5000 Fastest Growing Companies List

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First Stop Health Recognized on Inc. Magazine’s 5000 Fastest Growing Companies List

Chicago, IL –  August 22, 2023 First Stop Health (FSH), a leading virtual care company, has been recognized on Inc. Magazine’s annual list of 5000 Fastest Growing Companies list. This achievement highlights FSH’s exceptional year-over-year growth and the virtual care company is honored to be recognized for its 6th consecutive year. 

Teira Gunlock, CEO of FSH, said “We have a disciplined approach to growth and it’s rewarding to see the team achieve such great results each year. With more growth comes the opportunity to do more for our patients, with the same steadfast commitment to them.” 

This growth is indicative of the strong employee benefit consultant and employer-client relationships we nurture. With an inherent dedication to providing the best healthcare experiences for our members, we address market demand and, in turn, bolster our growth each year,” said Chief Growth and Strategy Officer, Elena Gambon.  

Inc. listed FSH at number 2,606 for its 209% 3-year growth. FSH experienced an increase of 46% of annual recurring revenue (ARR) and 32% employer-client growth in 2022. The FSH team also grew by nearly 30% in the past year. The virtual care company plans to achieve similar success in 2023 due to its innovative Virtual Primary Care solution, ongoing enhancements to its other virtual care programs, and its new strategic partnership.  

FSH has been named on an Inc. list for 6 years in a row, including 2018 through 2022 as one of the fastest growing private companies on the Inc. 5000 list. FSH was named one of Inc. Magazine’s Best Workplaces of 2022 and 2023. 

FSH is thrilled and honored to be recognized among the other remarkable organizations. Inc. 5000 Fastest Growing Companies are ranked based on percentage revenue growth from 2019 to 2022. To be considered, companies must be privately held, for-profit and independent (not a subsidiary or division of other companies).  

To learn more about First Stop Health, visit www.fshealth.com. 

About First Stop Health 

First Stop Health (FSH) provides care that people love® with various digital healthcare services. Patients can access virtual care 24/7 via app, website or phone. We help them save time and money with safe, convenient, high-quality virtual care solutions – Primary Care, Urgent Care & Mental Health. FSH was named one of Inc. Magazine’s Best Workplaces of 2022 and 2023, and ranked one of the fastest-growing private companies for the past 5 years by Inc. 5000. In 2023, FSH was also recognized in Crain’s Chicago Business Fast 50 as one of the Chicago-areas’ fastest growing companies and as a 2023 Well-Being Trailblazer presented by Archetype and WELCOA. 

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Zyston Announces Complyify Acquisition

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Zyston Announces Complyify Acquisition

Dallas, TX –  August 14, 2023 Zyston, a leading Managed Security Services Provider (MSSP) headquartered in Dallas, Texas, is thrilled to announce its acquisition of Complyify, an innovative software development company specializing in Artificial Intelligence (AI) technologies.

This strategic acquisition emphasizes Zyston’s steadfast dedication to delivering exceptional cybersecurity solutions and solidifies its position as a leader in the cybersecurity industry. By integrating Complyify’s AI expertise, Zyston’s cybersecurity offerings will benefit from predictive capabilities, proactively identifying and mitigating cyber threats, providing clients with an unparalleled level of protection.

“We are delighted with the acquisition of Complyify as it significantly boosts our tech development team, accelerates our software capabilities, and enables us to introduce valuable features much faster,” says Craig Stamm, CEO of Zyston. The addition of a core team of AI developers from Complyify will work to incorporate new AI capabilities into our CyberCAST offering.”

Complyify’s recognition for groundbreaking cybersecurity AI research and compliance applications has made significant strides across various sectors, including healthcare, finance, and logistics. With the addition of their Generative AI developers, Zyston can now provide innovative AI-driven solutions, further enhancing its reputation for cutting-edge cybersecurity services.

Sverica Capital Management, recent investors in Zyston, share the excitement about the acquisition. “We partner with exceptional management teams to help them transform their companies and build market leaders.  In that vein, we applaud Craig and the Zyston team for their vision with Complyify.  This is a major step forward for our technology strategy and IP roadmap,” said Frank Young, Managing Partner at Sverica.

 The integration of Complyify’s proprietary AI technology into Zyston’s CyberCAST offering will commence immediately, with the first upgraded services expected to be available to clients later this quarter. This development underscores Zyston’s unwavering commitment to remaining at the forefront of cybersecurity advancements and providing clients with the most innovative, comprehensive, and effective security solutions in the industry.

About Zyston

Zyston is a managed services provider dedicated to providing businesses with a comprehensive range of end-to-end services required to build and operate a mature and cost-effective information security program. The company combines consulting, staffing, managed security services and AI-driven software to provide superior cyber program management. For more information, visit www.zyston.com.

About Complyify: 

Complyify provides AI-driven cybersecurity risk and compliance management solutions that work to assess cyber risk, automate risk strategy, and assert compliance across the enterprise.

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Sverica Capital Management Announces Growth Investment in Zyston

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Sverica Capital Management Announces Growth Investment in Zyston

San Francisco, CA – July 11, 2023 – Sverica Capital Management (“Sverica”), a private equity investment firm, announced today that it has made a strategic growth investment in Zyston (“Zyston” or the “Company”).

Founded in 2016, Zyston is a provider of comprehensive end-to-end cybersecurity solutions that enable businesses to improve their security posture and program management maturity. The Company offers managed detection and response services through its 24 / 7 / 365 security operations center in Dallas, Texas, where Zyston monitors, investigates, and disrupts advanced threats in real time. Zyston’s managed services offerings are bolstered by CyberCAST, an AI-driven automated security program maturity software solution which generates program scoring and converts takeaways into a business language easily understandable by executives and insurance providers.

“Since our inception, Zyston’s mission has been to serve our clients as their trusted security partner and to help them achieve growth and maturation of their information security programs,” said Craig Stamm, Founder and CEO of Zyston. “As we evaluated potential capital investors, Sverica differentiated itself as a committed partner who not only understood and shared our vision, but also appreciated the importance of preserving our firm’s culture. We are eager to start collaborating with the Sverica team to take Zyston to new heights.” Stamm will continue to lead the Company, while Frank Young, Managing Partner at Sverica, and Michael Dougherty, Principal at Sverica, will join Zyston’s Board as part of the transaction.

“Cybersecurity has long been a key focus area for Sverica, and the solutions that Zyston provides are more crucial than ever before as cyberattacks grow in both prevalence and sophistication,” said Frank Young, Managing Partner at Sverica. “Zyston is well positioned to capture the tremendous market opportunity at hand and has established strong marquee customer and partner relationships. We are very excited to build upon the great foundation that Craig and his team have created at Zyston to support their continued growth.”

Michael Dougherty, Principal at Sverica, added, “Organizations across all industries are looking to improve their cybersecurity posture. With the shortage of cyber talent and the level of expertise required to maintain an effective cybersecurity program, working with a specialized service provider like Zyston makes a ton of sense, and we believe Zyston is poised to be a winner in the managed security space. Craig and his team have fostered an outstanding customer-first culture.”

Sverica’s investment in Zyston represents its fourth platform investment in the cybersecurity space, including DeFY Security (active), ShadowDragon (active), and Optiv (realized).

About Zyston

Zyston is a managed services provider dedicated to providing businesses with a comprehensive range of end-to-end services required to build and operate a mature and cost-effective information security program. The company combines consulting, staffing, managed security services and AI-driven software to provide superior cyber program management. For more information, visit www.zyston.com.

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