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Sverica Capital Management Announces Growth Investment in Omeda

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Sverica Capital Management Announces Growth Investment in Omeda

San Francisco, California – August 2, 2022 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has made a strategic growth investment in Omeda (“Omeda” or the “Company”).

Based in Chicago, Illinois, Omeda offers a full suite SaaS marketing platform allowing organizations to grow, engage, and monetize their first-party data. With deep vertical expertise in media and information services and a fully integrated, all-in-one subscription management, customer data platform (CDP), and marketing and email automation platform, the Company has a rich history of helping organizations build multi-channel experiences for their customers, subscribers, and members. This unique single stack solution allows organizations full access and activation of their first-party data in one holistic platform. Omeda’s clients use the platform to segment, target, and engage customers through preferred marketing channels, supported by compliant data governance and intuitive workflows.

“We are extremely proud of the company we have built and the transformation we have engineered to make Omeda the full SaaS solution it is today,” said Aaron Oberman, CEO of Omeda. “Finding a great partner in Sverica will allow us to accelerate investments in our products, growth and client experience. The entire Omeda team is excited about this next phase in our company’s journey.” Oberman will continue to lead the Company with COO James Capo, while Jordan Richards, Managing Partner at Sverica, and Ryan Harstad, Partner at Sverica, will join Omeda’s Board as part of the transaction.

Jordan Richards, Managing Partner at Sverica, said, “We are very excited to partner with Aaron, James and team. Through our work we concluded Omeda has the strongest product-market fit and highest NPS score in the category. We believe Omeda is uniquely positioned to continue to gain share with its robust, yet intuitive, technology suite while providing meaningful value to its expanding customer base.”

“First-party audience data is the lifeblood of media companies and associations, and hundreds of these groups have trusted Omeda to manage, amplify, and monetize this data. With content volumes exploding, we believe many more organizations will recognize their role as publishers and the unique power of Omeda’s platform to engage their audiences. We are thrilled to start working with the Omeda team,” added Ryan Harstad, Partner at Sverica.

About Omeda

Omeda is the leading software-as-a-service audience relationship management platform built for media professionals allowing them to acquire, unify, manage and activate their data. The Company provides a real-time, single view of an organization’s audience through 24/7 data storage, data management, data matching and data activation. Offering everything from subscription fulfillment, email marketing, CDP web behavioral and activation services, Omeda delivers a full suite of customizable services to best meet the needs of any media company. Through the development of rich behavioral audience profiles, the Company delivers deep business insights and analytics while also providing new, data-driven revenue opportunities. For more information, visit www.omeda.com.

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Sverica Capital Management Announces Investment in SG Homecare

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Sverica Capital Management Announces Investment in SG Homecare

Boston, Massachusetts – June 10, 2022 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has made a strategic investment in SG Homecare (“SG Homecare” or the “Company”).

Founded in 2001, SG Homecare is a leading provider of durable medical equipment, prosthetics, orthotics, and supplies (“DMEPOS”) to home-based patients throughout the California market. The Company provides a full suite of DMEPOS products and services, enabling SG to be a one-stop-shop for all their patients’ needs. The Company is a pioneer in using capitated contracts in the DMEPOS space, serving a wide range of payors and risk-bearing provider groups, acting as a value-added partner to these organizations as they seek to provide high-quality care for their home-based patient populations.

“After an exhaustive search for the right growth partner, I determined that Sverica and SG shared the same values and commitment to patient care. We look forward to the opportunity to grow and expand our footprint in the healthcare space.” said Thomas (“Randy”) Rowley, Founder and CEO of SG Homecare. Rowley will continue to lead the Company, while Gregg Osenkowski, Partner at Sverica, and Doug Patrican, Vice President at Sverica, will join SG Homecare’s Board of Directors as part of the transaction.

“We were drawn to SG Homecare because of the Company’s relentless focus on customer service, breadth of product offering, and leadership in risk-sharing payment models with payors and at-risk physician groups. As the number of physician groups taking full risk increases nationwide, we believe models such as SG Homecare will be an attractive alternative to legacy fee-for-service.” said Gregg Osenkowski, Partner at Sverica.

Doug Patrican, Vice President at Sverica, added “SG Homecare’s dedication to the highest quality patient care sets the Company apart and has driven exceptional customer satisfaction across the Company’s payor and provider base.”

About SG Homecare

For over 20 years, SG Homecare has been a leading provider of durable medical equipment, disposable medical supplies, respiratory therapies and oxygen, custom and power mobility, orthotics and prosthetics, and enteral nutrition for patients throughout California. The Company’s broad product offering enables them to meet the DMEPOS needs of nearly all home-based patients and serve as a one-stop-shop for their payor and provider partners. For the last two decades the Company has pioneered the use of capitated arrangements in the DMEPOS space in the California market, providing full alignment with their customers while delivering the highest quality patient care. The Company is based in Tustin, CA with locations throughout the state. For more information, please visit www.sgdme.com.

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Sverica Capital Management Announces the Promotions of Michael Dougherty to Principal and Doug Patrican to Vice President

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Sverica Capital Management Announces the Promotions of Michael Dougherty to Principal and Doug Patrican to Vice President

Boston and San Francisco – January 11, 2022 – Sverica Capital Management, a leading growth-oriented private equity firm focused on the lower middle market, announced today the promotions of Michael Dougherty to Principal and Doug Patrican to Vice President. 

Michael joined Sverica’s San Francisco office in 2012 and has over nine years of private equity experience.  He focuses on sourcing and evaluating new investments, transaction execution, and portfolio company operations for technology, technology services and software companies.  He graduated from Brown University with a degree in economics.  Michael currently serves as a Board Member at Cytracom, DeFy Security, Gorilla Logic and ShadowDragon.

Doug joined Sverica’s Boston office in 2020 and focuses on sourcing and managing healthcare investments. With six years of private equity experience, Doug is a graduate of Boston College with a degree in economics. He also holds an MBA from the Tuck School of Business at Dartmouth College. 

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Sverica Capital Management Announces Investment in ShadowDragon

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Sverica Capital Management Announces Investment in ShadowDragon

San Francisco, California – December 9, 2021 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has made a strategic investment in ShadowDragon (“ShadowDragon” or the “Company”).

Founded in 2015, ShadowDragon is a leading threat intelligence software provider focused on offering open-source intelligence (OSINT) data and tools to both public sector and commercial clients to help streamline investigations and safeguard assets. The Company’s flagship product, SocialNet, helps aggregate data from 140+ different platforms across the clear, deep, and dark web to uncover identities, networks, and connections of potential threat actors. The Company offers a number of additional products including OIMonitor, MalNet, and Spotter that serve as useful tools to security teams across a wide array of use cases.

“I founded ShadowDragon with the mission of providing the good guys with the right tools to fight the bad guys… and win,” said Daniel Clemens, Founder and CEO of ShadowDragon. “We have made great strides in making tools to augment the capability of the good guys and level the playing field against complex adversaries. By combining our exceptional team, market need, and technology with the expertise and resources of Sverica, ShadowDragon has the opportunity to grow faster and accelerate innovation to help customers proactively respond to even the most advanced threats. We couldn’t be more excited to partner with the Sverica team and take ShadowDragon to the next level.” Clemens will continue to lead the Company, while Frank Young, Managing Partner at Sverica, and Michael Dougherty, Vice President at Sverica, will join ShadowDragon’s Board of Directors as part of the transaction.

“ShadowDragon has built an exceptional business by simply creating products that customers love. The Company has maintained tremendous growth without a formal sales effort, demonstrating the value customers receive and the opportunity to increase the awareness and reach of their differentiated products. We are thrilled to partner with Daniel and the team, as we look to further invest in the business to drive the next phase of growth,” said Frank Young, Managing Partner at Sverica.

Michael Dougherty, Vice President at Sverica, added “Organizations are continuing to evolve the sophistication of their security programs, including becoming more proactive instead of reactive, which requires building effective intelligence capabilities. Given that OSINT is a critical piece of any intelligence program, we believe ShadowDragon is well-positioned to benefit from positive tailwinds in the security space and are excited about the partnership with the team.”

About ShadowDragon

ShadowDragon provides publicly accessible information (PAI) and open-source intelligence (OSINT) software, data, and training to enable customers to prevent and attribute actions of threat actors in both the physical and digital world. ShadowDragon’s solutions are used by hundreds of businesses, as well as intelligence and law enforcement organizations around the world. The Company is based in the United States. For more information, visit shadowdragon.io.

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Sverica Capital Management Announces Strategic Investment in Resonetics by Carlyle

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Sverica Capital Management Announces Strategic Investment in Resonetics by Carlyle

Investment to Support Continued Growth and Expansion of Specialized Medical Device Contract Manufacturer

Nashua, NH & Boston – Sverica Capital Management LP (“Sverica”) announced today that its portfolio company, Resonetics (or the “Company”), has sold a minority equity stake to funds affiliated with global investment firm Carlyle (NASDAQ: CG), valuing the Company at approximately $2.25 billion. Sverica initially acquired Resonetics in 2014, and then sold a majority interest in the Company in 2018 to private equity firm GTCR. Carlyle will join GTCR as a meaningful shareholder in Resonetics, and Sverica will retain a minority position as a result of the transaction.

Founded in 1987 and headquartered in Nashua, NH, Resonetics is a leader in micro-manufacturing for medical devices, targeting fast-growing interventional and minimally-invasive applications across the MedTech industry. The Company is focused on fabricating highly technical componentry for complex medical device applications, serving end-markets that are experiencing robust growth as clinicians shift away from higher-risk, invasive procedures, towards more interventional approaches. Resonetics has established itself as a mission-critical supplier enabling innovations in several high growth MedTech end-markets including diabetes, neurovascular, ophthalmology, interventional cardiology, and structural heart, among others.

Sverica made its initial investment in Resonetics in October 2014, taking a majority position in what was then a single-location Company focused on polymer componentry serving medical device programs. Under Sverica’s ownership, Resonetics grew to six locations and expanded its capabilities into laser-machining metal components through a combination of de novo and acquisitive growth under the leadership of CEO Tom Burns. Sverica partnered with GTCR and medical device industry executive Chip Hance, who became Executive Chairman of Resonetics, in February 2018 to continue pursuing opportunities in the medical device sector, significantly growing the Company’s revenue and EBITDA over the ensuing four years through strong organic growth and eight strategic add-on acquisitions.

Dave Finley, Managing Partner at Sverica, said, “Resonetics has been a successful growth story for Sverica’s business-builder private equity model within our Advanced Industrial vertical. The opportunity to extend the relationship with Tom Burns, Chip Hance and the Resonetics team over the last four years, and build a new partnership with GTCR has been fantastic. We look forward to continuing to retain a minority position under joint leadership of the Company by GTCR and Carlyle.”

About Sverica Capital Management

Sverica Capital Management is a leading growth oriented private equity firm that has raised over $1.1 billion across five funds. The firm acquires, invests in and actively builds companies that are, or could become, leaders in their industries. Since inception, Sverica has followed a “business builder” approach to investing and takes an active supporting role in its portfolio companies. Sverica devotes significant internal time and resources to help its management teams develop and execute growth strategies and proactively looks for levers to pull to accelerate growth by reinvesting back into those companies. Sverica firmly believes in building businesses collaboratively that can endure for the long term by starting with a strong foundation and bringing the right people and playbook to drive reinvestment and ultimately strong returns for our investors.

For more information, please visit https://sverica.com.

About Resonetics

Founded in 1987, Resonetics is a pioneer in advanced engineering and manufacturing solutions for the life sciences industry. Resonetics is a leader in laser processing, centerless grinding, nitinol processing, thin-wall stainless steel and precious metal tubing, photochemical machining, metal fabrication, and fiber optic sensors. With nine Lightspeed Application Development Labs located strategically to serve medical device companies around the world, Resonetics is built on a foundation of quality, speed, and innovation to deliver best-in-class value with a customer-centric approach. The company is ISO 13485:2016 certified with facilities in the United States, Costa Rica, Israel, Switzerland, and Canada.

For more information, please visit https://resonetics.com/.

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Sverica Capital Management Announces Investment in Automated Control Concepts

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Sverica Capital Management Announces Investment in Automated Control Concepts

Boston, Massachusetts – October 27, 2021 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, today announced that on October 22 it acquired a majority position in Automated Control Concepts, LLC (“ACC” or the “Company”), a systems integrator specializing in process control, manufacturing intelligence and cyber security & industrial networking.

Headquartered in Neptune, NJ, ACC is a leading ‘Industry 4.0’ solutions provider, focused primarily on systems that leverage data to optimize manufacturing efficiency. ACC supports technology platforms from Rockwell Automation, Inductive Automation and Parsec Automation (among others), and is a Tier 1 accredited partner for each vendor. ACC’s expertise is in process automation with deep specialization in the life sciences sector.

The transaction marks a milestone for ACC, facilitating a hand-off from Robert Tomasetta, who founded the Company in 1983. Michael Blechman, shareholder and CEO, stated, “We are proud to have grown ACC to a point where it attracted the interest of a firm like Sverica. The management team looks forward to working with our new capital partner to take ACC to new heights, building upon the foundation of excellence we developed as a provider of technology solutions and products for manufacturing and infrastructure clients.” Kevin Hannigan, President of ACC added, “Having a growth-oriented firm like Sverica as an investor creates a tremendous ability for us to pursue new strategic business areas and provides additional opportunities for our dedicated ACC team members.”

Dave Finley, Managing Partner at Sverica said “We are excited to partner with the ACC team to facilitate the company reaching its full potential. ACC is a high-achieving, high-quality operation with the opportunity to become a leader within an attractive market.” Greg Hylant, Vice President at Sverica added, “What struck us early on in our diligence was the sky-high Net Promoter Score ACC received from its clients, indicating a superior service organization that could be grown into a market-leading provider of Industry 4.0 solutions, with a focus on the life science sector.”

About Automated Control Concepts

Established in 1983, Automated Control Concepts, Inc. helps businesses improve the efficiency, quality and compliance of their manufacturing operations through the strategic use of technology. As an independent systems integration firm specializing in process automation and manufacturing intelligence, ACC provides solutions from initial requirements definition and system design through the implementation and commissioning of plant-wide automation and manufacturing execution systems. ACC delivers solutions to manufacturers in a variety of industries, including life sciences, infrastructure and food & beverage. ACC also offers two proprietary software products focused on life sciences – Lab Owl® bioreactor control system and TruTraq® environmental condition monitoring.

For more information, please visit https://automated-control.com/

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Sverica Sells Women’s Health USA to Unified Women’s Healthcare

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Sverica Sells Women’s Health USA to Unified Women’s Healthcare

Boston, MA – August 26, 2021– Sverica Capital Management LP (“Sverica”) announced today the sale of Women’s Health USA (“WHUSA” or the “Company”), a provider of practice management and emerging value-based services, to Unified Women’s Healthcare (“Unified”), a leading practice management platform in women’s healthcare backed by Altas Partners, funds managed by the Private Equity Group of Ares Management Corporation, and Oak HC/FT. Sverica will retain an equity investment in the combined company.

The combination with Unified represents the culmination of a four-year investment by Sverica, which in 2017 acquired a majority interest in WHUSA from its founder Robert Patricelli. Under Sverica’s ownership, WHUSA transformed from a managed service organization primarily serving one customer in a single market to a national leader in women’s health partnering with leading practices in five states.

Dave Finley, Managing Partner at Sverica stated, “I am proud that Sverica was an early entrant among private equity investors into the women’s health space. We identified a platform with a strong core of industry-leading executives and together with that leadership team, transformed a managed service provider into one of the preeminent practice management groups focused on women’s health in the country. This has been a great experience for Sverica.”

Gregg Osenkowski, Partner at Sverica added, “When Sverica partnered with WHUSA, we had an ambitious plan to build a leading women’s health organization by enabling great physicians to remain independent and transition to value-based care. We made amazing progress in just four years. In Unified, we found a like-minded partner with whom we could continue that mission.”

“Sverica has been a valuable partner to WHUSA as we transitioned from a regional to a national company. Their support of our mission of advancing healthcare for women and transitioning to value-based care has been critical to our success as an organization”, said Andrea Balogh, General Counsel and Division President of WHUSA. Nancy Bernstein, Division President, remarked “Sverica immediately appreciated the deep expertise WHUSA had developed as a pioneer in women’s health. Their strategic vision was a catalyst that helped propel WHUSA into the company it is today. We are excited that they will remain involved as we join with our new partners.”

About Women’s Health USA
Women’s Health USA is a provider of practice management and emerging value-based care services to more than 600 women’s health providers across seven states. Given its unique focus on women, paired with dynamic growth, Women’s Health USA is poised to play an influential role in developing new cost effective, value-based modes of care delivery. For 22 years, the company has successfully implemented innovative growth strategies and driven streamlined operational costs, payer alignment, ancillary services development, brand development strategies and risk management services. Its unique partnership model enables women’s health groups to operate independently, while leveraging the resources and influence of a national organization. To learn more, please visit womenshealthusa.com or contact Leslie Stedman at 860.678.3400 or lstedman@womenshealthct.com.

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Sverica Capital Management Announces Strategic Investment in WinWire Technologies

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Sverica Capital Management Announces Strategic Investment in WinWire Technologies

San Francisco, CA – April 7, 2021 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has made a strategic investment in WinWire Technologies, Inc. (“WinWire” or the “Company”), a leading data-driven digital engineering company specializing in Microsoft Azure and other Microsoft cloud platforms.

Based in Santa Clara, California, WinWire was founded in 2007 with the mission of “stitching the digital fabric” to help organizations gain competitive advantage through innovative software solutions. As a Microsoft Managed Partner and AI Inner Circle Partner with numerous Gold partner accreditations, WinWire has demonstrated extensive familiarity with Microsoft cloud platforms and positioned itself as a technology leader with enterprise clients. With expertise and solution offerings across a range of cloud platforms, data analytics, artificial intelligence, and other technology domains and a deeply embedded “People First” culture, WinWire serves as a trusted, long-term partner to enterprises seeking to modernize their businesses and accelerate their digital transformations.

“WinWire is excited to partner with Sverica as this strategic investment allows us to accelerate our growth, expand our global presence and focus on building domain competencies and solution accelerators in the areas of Healthcare, Retail, Hi-Tech and Manufacturing to deliver world-class customer experiences. WinWire thanks its customers and partners for their commitment and partnership and its employees who, especially during these unprecedented times, continue to make WinWire a Great Place to Work®”, said Ashu Goel, CEO of WinWire.

“Ashu has done a remarkable job building WinWire into one of the leading providers of Azure-centric services in the Microsoft ecosystem today,” said Frank Young, Managing Partner at Sverica. “Beyond WinWire’s impressive growth and clear, customer-focused strategy, we particularly admire the manner in which he has humbly built the business through a strong, authentic, people-centric culture. We are thrilled to partner with him and look forward to working together to ensure WinWire accelerates its high growth trajectory in the years to come.”

Ryan Harstad, Partner at Sverica, added: “As part of Sverica’s dedicated focus on cloud services, our team actively sought to invest with a proven leader in Microsoft Azure services. With deep technical expertise and significant momentum, WinWire is an exciting company that we enthusiastically welcome to the Sverica family. The “People First” foundation upon which Ashu has built WinWire resonates closely with Sverica’s partnership-driven approach, and we’re eager to get started in collaborating with him and his great team to drive the company’s continued growth.”

About WinWire
WinWire Technologies is a data-driven digital engineering company that supports enterprises across Healthcare, Retail, Hi-Tech and Manufacturing and several other industry domains in navigating their digital transformation journey. WinWire enables its customers to drive business growth and gain competitive advantage by aligning business value and digital technologies, calling this process “Stitching the Digital Fabric.”

WinWire has extensive expertise across a range of digital technologies and delivers large enterprise solutions leveraging cloud, AI, machine learning, mixed/augmented reality, Internet of Things (IoT), mobility, security, and UI/UX to help clients harness business value.

For more information, please visit www.winwire.com

About Sverica Capital Management
Sverica Capital Management is a leading growth-oriented private equity firm that has raised over $1.1 billion across five funds. The firm acquires, invests in and actively builds companies that are, or could become, leaders in their industries. Since inception, Sverica has followed a “business builder” approach to investing and takes an active supporting role in its portfolio companies. Sverica devotes significant internal time and resources to help its management teams develop and execute growth strategies and proactively looks for levers to pull to accelerate growth by reinvesting back into those companies. Sverica firmly believes in building businesses collaboratively that can endure for the long term by starting with a strong foundation and bringing the right people and playbook to drive reinvestment and ultimately strong returns for our investors.

For more information, please visit www.sverica.com

Media Inquiries
Sverica Capital Management LP
Nathalie Allen
415-249-4906
nathalie@sverica.com

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Sverica Sells 7Summits to IBM

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Sverica Sells 7Summits to IBM

San Francisco, CA – January 11, 2021 – Sverica Capital Management LP (“Sverica”) announced today the sale of 7Summits, LLC (“7Summits” or the “Company”), a leading Salesforce digital solutions consultancy, to International Business Machines Corporation (“IBM”). This marks the culmination of a seven-year successful partnership with 7Summits, during which the Company nearly quintupled in size while going from no Salesforce presence to being one of the largest independent providers in the ecosystem.

In 2013, Sverica partnered with 7Summits Founder & CEO Paul Stillmank to capitalize on the company’s core strength—using technology to collaborate with co-workers, partners and customers to create business growth and efficiencies.  Sverica and Paul then reinvested back into the company for several years to focus on driving the Company’s Salesforce business, implementing systems and processes to enhance forward revenue visibility, and creating organizational capacity by adding talented executives. These efforts created a significant number of technology jobs in 7Summits’s hometown of Milwaukee and garnered numerous accolades including being named a Best Place to work both locally and Nationally in 2020 and making the Inc. 5000 list five times in its history with 2020 marking the second consecutive year.

7Summits has also been recognized for its accomplishments in the Salesforce ecosystem being named a Platinum Consulting Partner in consecutive years and more recently achieving Salesforce National SI Status, one of just nine and the only independent systems integrator to do so.

“It has been an honor to go on this fantastic seven-year growth journey with Paul and the talented 7Summits team as the company scaled to become a category leader during Sverica’s ownership.  For many years, 7Summits has delivered best in class, unique solutions to enterprise clients changing how people work, collaborate and communicate.  I am proud to see how far up the mountain the Company has been able to climb and I am confident it will continue to grow and flourish within the IBM organization and ultimately reach the next summit,” said Jordan Richards, Managing Partner at Sverica.

Ryan Harstad, Partner at Sverica, added “7Summits is a special organization – one with a clear mission, a rich culture, and tremendous momentum.  The Company’s success is not only a tribute to Paul’s compelling vision and boundless energy, but also the deep expertise and tireless dedication of the entire 7Summits team.  Partnering with Paul and 7Summits has been a delight, and with both bittersweetness and excitement I wish them a happy journey with IBM.”

“Sverica has been a remarkable partner over the years,” said Paul Stillmank, 7Summits’ Chief Executive Officer. “They stood behind our vision and enabled our purpose To Unleash People’s Potential to Create, Compete and Innovate in Entirely New Ways. They proved a valuable sounding board on corporate strategy and governance while providing our management team room to run this business at high velocity. I am extremely proud of our joint team effort building a remarkable company that has become a standout player in so many categories.”

About 7Summits
7Summits is a digital solutions provider that uses the power of connected experiences and the Salesforce platform to unlock business value. 7Summits’ clients benefit from the fact that community-led solutions empower customers, enable partners and unleash employees to build a client’s business for them. The Company’s highly collaborative approach strengthens client solutions by combining the expertise of strategic consultants, experience designers, technical developers and success specialists. 7Summits’ client solutions launch faster thanks to their Accelerator Library of configurable Salesforce Lightning applications. 7Summits is a Salesforce Platinum Consulting Partner and is recognized annually for its rapid growth and as a best place to work. For more information, visit www.7SummitsInc.com.

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Sverica Capital Management Announces Strategic Investment in DeFY Security

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Sverica Capital Management Announces Strategic Investment in DeFY Security

San Francisco, California – November 17, 2020 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has made a strategic investment in DeFY Security (“DeFY” or the “Company”). Founded in 2017, DeFY has grown rapidly and is one of the largest pure play cyber security solutions providers in North America. Sverica has prior experience scaling a company in the cybersecurity sector, as the former majority owner of Accuvant, which then merged with FishNet Security to form Optiv Security and was ultimately sold to KKR in 2017.

DeFY partners with best-in-class and emerging cybersecurity technology vendors to build tailored security programs for its clients, which include leading enterprises in the financial services, healthcare, manufacturing, and retail verticals throughout the United States. DeFY provides front-end consultation and assessment services, as well as integration, testing, and support services across a wide variety of security technologies.

“The DeFY team is excited to announce our partnership with Sverica as we continue to drive growth with a strategic investor who has experience in cybersecurity. We have established a great long-term relationship with the Sverica team dating back to their investment in Accuvant, and are excited to be working with them again as we endeavor to build a best-in-class cybersecurity solutions provider”, said Justin Domachowski, Founder and CEO of DeFY. Domachowski will continue to lead the Company, while Frank Young, Managing Partner at Sverica, and Michael Dougherty, Vice President at Sverica, will join DeFY’s Board of Directors as part of the transaction. David Roshak, the former CFO of Accuvant and Optiv, will also be joining the Board as an Independent Director.

“In just a few short years, Justin and the DeFY team have rapidly built a successful business and developed extremely strong customer relationships with a number of leading enterprises. We look forward to partnering with Justin and DeFY to help guide the Company through continued growth and national expansion”, said Frank Young, Managing Partner at Sverica.

Michael Dougherty, Vice President at Sverica, added “We believe DeFY is well-positioned to capitalize on the continued positive tailwinds in cybersecurity. The landscape of technologies and threats is evolving daily and increasing in complexity. DeFY can help enterprises navigate this environment to build robust security programs, as well as expand the reach and effectiveness of its technology partners.”

About DeFY Security
DeFY is a leading cybersecurity solutions provider based outside of Pittsburgh, Pennsylvania. DeFY partners with top cybersecurity technology vendors to deliver solutions that meet the needs of enterprise clients across a variety of industries. Founded in 2017, DeFY has rapidly grown to become a leader in the space. For more information, please visit https://www.defysecurity.com/.

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