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Sverica Capital Management Announces Sale of WinWire to NTT DATA

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Sverica Capital Management Announces Sale of WinWire to NTT DATA

San Francisco, CA – May 18, 2026 – Sverica Capital Management LP (“Sverica”) announced today that its Fund V portfolio company WinWire Holdings, LLC  (“WinWire” or the “Company”) has entered into a definitive agreement to be sold to NTT DATA. This transaction marks the culmination of a successful five-year partnership with WinWire, during which the Company more than doubled in size, reinforced its position as a leading Microsoft services partner, and emerged as a differentiated provider of AI-led digital transformation services for enterprise customers.

Headquartered in Santa Clara, California, with global delivery centers in India, WinWire was founded by Ashu Goel and Vineet Arora in 2007 with a deep foundation in the Microsoft ecosystem and has evolved its capabilities to help enterprises operationalize AI at scale. The Company brings advanced expertise across Agentic AI, AI on Azure, data engineering, and cloud-native development, providing the foundational capabilities needed to support enterprise AI adoption. With particular strength across the Healthcare and Software & Digital Platforms sectors, WinWire helps customers modernize data environments, deploy intelligent applications, and move AI initiatives from experimentation to enterprise-scale deployment.

WinWire has experienced significant growth since Sverica’s initial investment in April 2021. Under Sverica’s ownership, WinWire further strengthened its go-to-market function through key hires across new business development and alliances, made early investments in AI services and agentic AI capabilities, and strengthened its leadership team and Board with experienced executives and industry leaders. These efforts reinforced WinWire’s differentiated position within the Microsoft ecosystem, with the Company earning numerous industry accolades and partner recognitions, including six Microsoft Partner of the Year recognitions over the last six years and membership in Microsoft’s Agentic Partner Alliance Program.

Frank Young, Managing Partner at Sverica, said, “It has been an absolute privilege to partner with Ashu, Vineet, and the entire WinWire team over the past five years, and we are deeply grateful for the trust and confidence they placed in Sverica. From learning about WinWire’s ‘People First’ culture during our earliest meetings outdoors in the pandemic to seeing the Company’s bold vision to invest early and aggressively in AI come to life, our partnership journey together has been both rewarding and inspiring.  We are excited to see WinWire continue to innovate and lead the market in AI-driven enterprise transformation as part of NTT DATA.”

Ashu Goel, Founder and CEO of WinWire, said, “Joining NTT DATA marks a significant milestone for WinWire and a testament to the incredible work of our team, our clients, and our partners. I am truly grateful to our clients for the trust they have placed in us, to Microsoft for a partnership that has been instrumental to our growth, and to the Sverica team for the unwavering support throughout the journey in helping scale our operations and attract top talent. Together with NTT DATA, we are uniquely positioned to accelerate AI-driven transformation at scale and help our clients unlock the full potential of AI across their enterprises. I could not be more excited about what lies ahead.”

“WinWire’s robust organic growth is firmly rooted in its core values, a testament to Ashu’s leadership and foresight. WinWire’s vibrant culture reflects its ‘People First’ philosophy, the Company’s commitment to ‘Technology Leadership’ is evident in its strategic development of enterprise-grade AI transformation capabilities, and the result has been enduring and expanding relationships with customers and Microsoft. It has been an honor collaborating with Ashu, Vineet, and the WinWire team through a period of meaningful growth, and I look forward to seeing what WinWire can accomplish with NTT DATA,” said Ryan Harstad, Partner at Sverica.

 

About WinWire

WinWire unleashes the Power of Agentic AI to deliver innovative solutions that help our customers gain competitive advantage. WinWire is at the forefront of enabling enterprises in the Healthcare and Software and Digital Platforms (SDP) sectors to embark on a transformative Agentic AI journey.

As a globally recognized, multi-award-winning Agentic AI firm, WinWire delivers a spectrum of AI-led digital transformational services that include:

  • Agentic AI Services – Harness the power of Agentic AI to accelerate the Frontier Firm Journey.
  • Foundational AI Services – Data Estate & BI Modernization for AI-Ready data.
  • Operational AI Services – Manage, optimize, and evolve agents and enterprise applications leveraging Agentic AI systems to reduce costs & enhance agility.

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Sverica Capital Management announces the promotions of Michael Dougherty to Partner, Doug Patrican to Principal and welcomes Matt Johnson to the team as a Principal

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Sverica Capital Management announces the promotions of Michael Dougherty to Partner, Doug Patrican to Principal and welcomes Matt Johnson to the team as a Principal

Boston, Austin and San Francisco – March 2, 2026 – Sverica Capital Management, a leading growth-oriented private equity firm focused on the lower middle market, announced today the promotions of Michael Dougherty to Partner, Doug Patrican to Principal, and the hiring of Matt Johnson as a Principal. 

Michael joined Sverica’s San Francisco office in 2012 and has over fourteen 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, Four Inc., Gorilla Logic, Raken, and ShadowDragon.

Doug joined Sverica’s Boston office in 2020 and focuses on sourcing and managing healthcare investments. With ten 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.  Doug currently serves as a Board Member at Clarest Health, First Stop Health, and SG Homecare.

Matt joined Sverica’s Austin office in January of this year and has over fourteen years of private equity experience.   He will focus on sourcing and evaluating new investments, transaction execution, and portfolio company operations for technology, technology services and software companies.  Matt is a graduate of the University of Minnesota Carlson School of Management. 

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RCP Advisors Names Sverica’s Coastal Cloud 2025 Deal of the Year

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RCP Advisors Names Sverica’s Coastal Cloud 2025 Deal of the Year

RCP Advisors has awarded Sverica Capital (“Sverica”), a private equity firm focused on partnering with founder-led businesses in the lower middle market, its 2025 Deal of the Year Award in connection with the Firm’s stewardship of Coastal Cloud (the “Company”). After reviewing more than 70 realization events across our portfolios, we selected Coastal Cloud not only for the excellent realized outcome, but also for the exceptional sourcing, partnership, and value-creation execution that made this result possible. Sverica’s collaboration with the founders and leadership team at Coastal Cloud offers a compelling illustration of how a small buyout transaction should be executed.

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Sverica Capital Management Announces Sale of Defy Security to Booz Allen Hamilton

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Sverica Capital Management Announces Sale of Defy Security to Booz Allen Hamilton

San Francisco, CA – February 17, 2026 – Sverica Capital Management LP (“Sverica”) announced today that its Fund V portfolio company Defy Security, LLC (“Defy” or the “Company”), has entered into a definitive agreement to be sold to Booz Allen Hamilton(“Booz Allen”). This marks the culmination of a five-year successful partnership with Defy, during which the Company tripled in size while maintaining its strong profitability profile and solidified its position as a leading provider of end-to-end cybersecurity solutions.  The acquisition is expected to close in the second quarter of the Company’s fiscal year 2026 and is subject to customary closing conditions and regulatory approvals.

Defy was founded by Justin Domachowski in 2017 with the goal of changing the cybersecurity buying experience by delivering high-touch value and service. The Company provides cybersecurity technology products and services to hundreds of enterprise clients and has formed partnerships with 400+ cybersecurity vendors since inception.

Defy has experienced significant growth since Sverica’s initial investment in November 2020. Under Sverica’s ownership, Defy expanded to the West and Central regions of the U.S. while increasing its stronghold in the East, developed a highly scalable talent engine, matured its technical advisory services practice, standardized its go-to-market motion, and made significant investments in the executive team.

Frank Young, Managing Partner at Sverica, said, “As Defy moves on to a new chapter, we reflect with immense pride on the remarkable growth journey over our five-plus year partnership with the Defy team. Justin’s vision and dedication have propelled Defy from a promising regional player to a leading national platform. We’re excited to see Defy continue to thrive, bolstered with the resources and scale of Booz Allen.”

Justin Domachowski, Founder and CEO of Defy, said, “It’s been an incredible journey watching our vision come to life. Over the past five-plus years, our partnership with Sverica has been instrumental in scaling our operations, attracting top talent, and delivering innovative solutions to some of the world’s largest enterprises. I am forever grateful for the amazing team members at Defy and our amazing customers that we get to serve every day.  As we join forces with Booz Allen, I’m thrilled about the opportunities ahead to further empower our customers and teams in this ever-evolving threat landscape.”

“Defy has been relentlessly focused on being a customer-first organization since inception. It’s been amazing to see the growth in the business over the last 5 years with this mission intact, and we’re excited to watch that growth continue under Booz Allen’s ownership. We are proud to have been part of this success story,” said Michael Dougherty, Principal at Sverica.

About Defy Security

Defy is a trusted cybersecurity partner for organizations nationwide, delivering tailored solutions and services that align with business goals and strengthen security posture. With a culture built on commitment, partnership, and measurable outcomes, Defy empowers clients to navigate complex security challenges with confidence. www.defysecurity.com

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WinWire Recognized at WEF Davos as a Premier AI-First Services Firm by Constellation Research for Agentic AI @ Scale

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WinWire Recognized at WEF Davos as a Premier AI-First Services Firm by Constellation Research for Agentic AI @ Scale

SANTA CLARA, Calif., Feb. 3, 2026 /PRNewswire/ — WinWire today announced it has been named to Constellation Research, Inc.’s 2026 AI-First Service Firms list, shared at the World Economic Forum (WEF) in Davos. The recognition places WinWire among an elite group of services firms redefining how enterprises design, deploy, and scale artificial intelligence — with AI embedded at the core of delivery, decision-making, and value creation.

At Davos 2026, artificial intelligence emerged not merely as a technology trend, but as a structural force. As organizations transition from fragmented pilots to AI systems that power day-to-day operations, the challenge has shifted from capability to execution. WinWire enables enterprises to become AI-native ‘Frontier Firms’ — organizations that combine human judgment with digital labor to achieve step-change improvements in speed, productivity, and outcomes.

At the center of this transformation is WinWire’s Agentic AI @ Scale approach, powered by its proprietary 3i Framework — Imagine, Ignite, Impact. The framework accelerates the journey from strategy to production by aligning business priorities, engineering execution, and outcome realization. WinWire’s Prioritization & ROI Scoring Mechanism (PRISM) approach helps prioritize the implementation and tracking of Agentic AI use cases across the enterprise, providing executive visibility with speed, trust, and impact.

With a growing portfolio of 100+ pre-built, production-ready agents, the WinAI Factory, and enterprise-grade WinAI Governance and WinAI AgenticOps capabilities, WinWire empowers enterprises to reimagine business processes, rapidly build Agentic AI services, and scale them securely across the organization.

“Davos made one thing clear: AI is no longer about what’s possible—it’s about what’s deployable, governable, and valuable,” said Ashu Goel, Founder and CEO of WinWire. “Being recognized by Constellation Research as an AI-First Services Firm reinforces our belief that AI-first delivery is now the baseline. This recognition reinforces our commitment to helping enterprises turn AI pilots into scalable, production-ready solutions that deliver business value.”

About Constellation Research’s AI-First Service Firms list

Constellation Research conducted the search in Fall 2025 using surveys, outreach, customer references, briefings, and customer reference calls. The list is designed to be updated annually as the market evolves.

To view the Constellation Research 2026 AI-First Service Firms list, visit:
https://www.constellationr.com/communities/ai-first-service-firms

About WinWire

WinWire unleashes the Power of Agentic AI to deliver innovative ‘Services as Software‘ solutions that help our customers gain a competitive advantage. We are at the forefront of enabling enterprises in Healthcare and Life Sciences, Software, and Digital Platforms (SDP) sectors to embark on a transformative Agentic AI journey.

A globally recognized, multi-award-winning Agentic AI firm, we pride ourselves on delivering a spectrum of AI-led digital transformational services that include: 

  • Agentic AI Services – Harness the power of Agentic AI to accelerate the Frontier Firm Journey
  • Foundational AI Services – Data Estate & BI Modernization for AI-Ready data
  • Operational AI Services – Manage, optimize, and evolve enterprise applications leveraging Agentic AI systems to reduce costs & enhance agility

For more information, please visit: www.WinWire.com

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InflexionPoint Announces Acquisition of Process Innovations

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InflexionPoint Announces Acquisition of Process Innovations

NEPTUNE, N.J.–InflexionPoint, a leading systems integrator partner to companies in regulated industries, is pleased to announce the acquisition of Process Innovations, provider of Asset Performance Management solutions for the AVEVA/OSIsoft PI System.

“This milestone expands our PI expertise, strengthens OT/IT convergence, and deepens our alignment with Schneider, AVEVA, and InSource. It also opens the door to new opportunities across life sciences, water/wastewater, renewable energy, and beyond—while enhancing how we deliver recurring value through managed services and software,” commented InflexionPoint CEO Kevin Hannigan.

About Process Innovations

Through a combination of software and services, Process Innovations helps energy companies, water treatment plants, manufacturers, and other industrial facilities to optimize analytics from their IoT and other monitoring systems. Founded in 2004, the company has grown consistently and now has over 100 customers in power, water and energy industries, with over 1,000 Process Plugins sold with 82 different plugins available.

“We’re excited for what’s ahead as we continue to help our customers drive performance, quality, and profitability through InflexionPoint’s comprehensive service offerings, including automation, analytics, AI, and cybersecurity,” observed Process Innovations CEO Jerry Palmer.

About InflexionPoint

For over 40 years the team of technology professionals at InflexionPoint, (formerly Automated Control Concepts), driven by a passion for innovation and excellence in manufacturing and operations, has provided cutting-edge solutions across life sciences, food and beverage, and critical infrastructure industries. As an independent integrator and software developer, InflexionPoint is uniquely positioned to guide clients through the challenges of modernizing operations by designing, implementing, and supporting solutions that leverage the power of automation, analytics, and AI to help them operate more safely and efficiently.

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Cytracom Acquires Tentacle to Advance Security Risk Management Capabilities and Empower MSPs as Risk Advisors

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Cytracom Acquires Tentacle to Advance Security Risk Management Capabilities and Empower MSPs as Risk Advisors

McKinney, TX – June 13, 2025 –Cytracom, a leading provider of Secure Access Service Edge (SASE) and Unified Communications as a Service (UCaaS) solutions for Managed Service Providers (MSPs), today announced the acquisition of Tentacle, a modern platform that helps organizations manage cybersecurity assessments, monitor third-party risk, and operationalize Governance, Risk, and Compliance (GRC) programs.

This acquisition represents a significant advancement in Cytracom’s Security Risk Management (SRM) strategy and further aligns with the company’s mission to empower MSPs to grow beyond traditional IT services and embrace a more strategic advisory role, guiding their clients through the evolving discipline of risk management. With increased scrutiny from regulatory bodies and mounting pressure from cyber insurers, MSPs are being called upon to act as true Risk Advisors, helping clients meet compliance mandates and improve their overall security posture. The integration of Tentacle into the Cytracom platform delivers a robust response to this need, offering structured, repeatable, and collaborative tools that make it easier for MSPs to deliver value-added risk and compliance services.

Cytracom entered the SRM category through the acquisition of Telivy, introducing capabilities that enable MSPs to automate risk assessments, deliver recurring compliance documentation, and drive consultative engagements. Tentacle builds upon this foundation by allowing partners to centralize security program data, collaborate in real time with clients and third parties, and map internal practices to industry frameworks such as HIPAA, PCI, and FTC Safeguards. Its platform not only reduces the administrative burden of ongoing assessments but also provides the structure needed to move from one-time reviews to ongoing program management.

“MSPs are increasingly being asked to manage risk as much as they manage technology,” said Zane Conkle, CEO of Cytracom. “This shift creates both a challenge and an opportunity. With the acquisition of Tentacle, we’re giving our partners the platform they need to step into this evolving role with confidence—helping clients navigate compliance, track progress over time, and build programs that stand up to external scrutiny, while also enabling MSPs to clearly demonstrate the ongoing value of their services.”

The rising demand for compliance-focused services is one of the most urgent trends in the MSP channel. SMB clients now face requirements driven by regulatory frameworks, industry-specific mandates, and cyber insurance audits. Tentacle’s ability to organize and share assessment data, manage third-party relationships, and ensure audit readiness positions it as a key component of Cytracom’s vision to simplify and scale SRM and GRC management for the channel.

“This is another step forward in building a complete platform that empowers MSPs to connect the modern workforce—securely, reliably, and within the evolving frameworks of GRC,” said John Tippett, Chief Commercial Officer. “Whether it’s unified communications, secure access, or risk management, our focus remains on making these capabilities accessible, intuitive, and impactful for the partners who deliver them every day.”

By integrating Tentacle into its broader infrastructure software platform, Cytracom continues to deepen its investment in the tools MSPs need to succeed in a risk- and compliance-driven world.

“We’ve been investing heavily in Telivy as a platform for recurring cybersecurity assessments and compliance workflows,” added Rob McDonald, Chief Product Officer at Cytracom. “Bringing in Tentacle’s proven technology allows us to combine their robust architecture with our existing development strategy, resulting in a dramatic acceleration of what we can bring to market. It significantly advances our mission to give MSPs scalable, differentiated tools for security and compliance.”

With solutions spanning VoIP, SASE, and SRM, Cytracom continues to equip partners to deliver critical infrastructure that is secure, scalable, and compliant—all from a single, unified platform built exclusively for the MSP channel.

About Cytracom

Cytracom, a Sverica Capital Management portfolio company, provides critical infrastructure technologies for businesses, delivering cloud-based unified communications and secure networking solutions tailored for managed service providers (MSPs) and small to medium-sized businesses (SMBs). By simplifying complex technologies, Cytracom ensures that businesses remain connected, secure, and resilient in a never-evolving digital landscape. Our solutions, including SRM, GRC, UCaaS, and SASE platforms, are designed to empower businesses with the essential technologies they need to thrive. Headquartered in McKinney, Texas, Cytracom supports partners and customers across North America. To learn more, visit cytracom.com.

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Cytracom Acquires Telivy; Announces Plans to Deliver Advanced Security Risk Management Capabilities for MSPs

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Cytracom Acquires Telivy; Announces Plans to Deliver Advanced Security Risk Management Capabilities for MSPs

McKinney, TX — January 14, 2025 — Cytracom, a leading provider of infrastructure software for managed service providers (MSPs), today announced the acquisition of Telivy, marking another milestone in the company’s evolution to deliver a comprehensive technology platform for MSPs. This strategic investment accelerates Cytracom’s expansion into Security and Risk Management (SRM), complementing its established Secure Access Service Edge (SASE) and Unified Communications as a Service (UCaaS) solutions.

The acquisition reflects Cytracom’s commitment to addressing the evolving needs of MSPs through an integrated platform approach. By incorporating Telivy’s technology, Cytracom will enhance its platform with advanced capabilities in Attack Surface Management (ASM) and Data Security Posture Management (DSPM), enabling MSPs to better serve their clients’ security and compliance needs.

“This acquisition represents the next phase in our mission to empower MSPs with comprehensive critical infrastructure solutions,” said Zane Conkle, CEO of Cytracom. “As we continue to evolve our platform, we’re focused on delivering innovations that help our partners effectively communicate cybersecurity value to their clients and ultimately grow their businesses. The addition of Security and Risk Management capabilities addresses a critical need in the market, and we’re excited about the advancements this will bring to our partners.”

The platform expansion will enable MSPs to:

  • Deliver comprehensive security risk assessments and ongoing monitoring through an integrated, MSP-centric approach
  • Streamline security and compliance processes through alignment with industry frameworks such as NIST CSF and ISO 27001
  • Demonstrate security program value through automated, stakeholder-focused reporting
  • Scale their security practice through consolidated tools and unified management workflows

“I founded Telivy with a vision to drive innovation in cybersecurity risk management, making it more accessible and actionable for service providers,” said Naren Sathiya, founder of Telivy. “Joining forces with Cytracom presents an incredible opportunity to accelerate this vision. Their track record of innovation and deep understanding of MSP needs makes them the perfect partner to take this technology to the next level. I’m thrilled to join the Cytracom team, lead this new product category, and continue pushing the boundaries of what’s possible for MSPs looking to manage their clients’ cyber risk.”

Through this strategic investment, Cytracom will expand its platform to help MSPs address the increasing complexities of security risk management. The enhanced capabilities will enable partners to deliver comprehensive security solutions while maintaining the efficiency and scalability that are hallmarks of Cytracom’s approach to serving the MSP community.

For more information about Cytracom and its expanding platform capabilities, visit cytracom.com.

About Cytracom

Cytracom, a Sverica Capital Management portfolio company, provides critical infrastructure technologies for businesses, delivering cloud-based unified communications and secure networking solutions tailored for managed service providers (MSPs) and small to medium-sized businesses (SMBs). By simplifying complex technologies, Cytracom ensures that businesses remain connected, secure, and resilient in an ever-evolving digital landscape. Our solutions, including UCaaS and SASE platforms, are designed to empower businesses with the essential technologies they need to thrive. Headquartered in McKinney, Texas, Cytracom supports partners and customers across North America. To learn more, visit cytracom.com.

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