San Francisco, California – November 12, 2019 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has made a strategic investment in Gryphon Networks Corp. (“Gryphon” or the “Company”), a leading provider of sales performance management and compliance software.
Based in Boston, Massachusetts, Gryphon offers an enterprise-grade computer telephony integration platform that automatically screens, collects, and analyzes phone-based sales activity data from any device to transform activity into accurate, actionable sales insight that drives improved sales performance for many of the country’s top consumer-facing companies. Purpose-built for organizations with large, distributed sales teams, Gryphon’s system enables agents to use the platform from any device, managers to leverage robust analytics tying activity to desired outcomes, and executives to rest assured that sales efforts comply with marketing privacy regulations and internal business rules. Sverica’s investment aims to help Gryphon accelerate development of new sales performance management functionality and expand around its strong team to maintain high satisfaction among Gryphon’s loyal customers while meeting increased demand.
Jeff Fotta, CEO of Gryphon, said “Gryphon has independently developed into a significant player in the sales performance management industry. With Sverica, I am excited to have Jordan Richards and Ryan Harstad as experienced partners who understand and support our vision. We are looking forward to entering a new phase of growth and broadening our award-winning sales intelligence platform. Sverica will provide the essential direction and resources for Gryphon to continuously add strategic value for our customers.”
“Gryphon’s SaaS solutions are well positioned in the fast-growing sales performance management and compliance markets. We have been impressed with the results they have driven for their customers and are looking forward to partnering with management, building on their success and creating a company that has the potential to lead the category,” said Jordan Richards, Managing Partner at Sverica.
Ryan Harstad, Partner at Sverica, added “Gryphon addresses key challenges facing sales executives today, namely capturing sales activity that is not simply self-reported, connecting activity to results, and protecting their brands with compliant communications. We are excited to collaborate with Jeff and the Gryphon team to drive ROI for Gryphon’s growing base of customers.”