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Sverica Capital Management Announces Strategic Growth Investment in Raken

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Sverica Capital Management Announces Strategic Growth Investment in Raken

Austin, Texas – September 9, 2025 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has made a strategic growth investment in Raken (“Raken” or the “Company”).

Based in Carlsbad, California, Raken is a field management software provider to the construction industry focused on streamlining reporting and project oversight. The Company’s platform includes features such as daily progress reporting, time and production tracking, safety and quality management, as well as workforce management. Raken serves over 4,500 construction firms, subcontractors, and general contractors.

“This new chapter with Sverica represents an exciting milestone for Raken,” said Ty Kalklosch, CEO of Raken. “Their experience supporting high-growth software companies will help us continue to serve our customers’ expanding needs, build innovative new solutions, and broaden our field management platform for the construction industry.” Kalklosch will continue to lead the Company, while Jordan Richards, Managing Partner at Sverica, and Michael Dougherty, Principal at Sverica, will join Raken’s Board as part of the transaction.

“Raken has built an impressive platform that solves real problems for construction professionals,” said Jordan Richards, Managing Partner at Sverica.  “We are excited to partner with Ty and the talented Raken management team as we reinvest back into the company, launch new product features and ultimately aspire to lead the category.”

Michael Dougherty, Principal at Sverica, added, “Raken is helping contractors automate key workflows and digitize what have historically been processes managed with pen and paper. The market opportunity and the team’s vision for the product are compelling.”

About Raken

Raken is a leading field-first construction management platform. With over 70,000 users, Raken’s easy-to-use app is built to streamline all critical field workflows – from daily reports, to time and production tracking, resource scheduling, safety management, RFIs and more. Real-time information flows from field to office so teams stay aligned, data becomes more reliable, and decision making improves. Raken’s simple mobile experience, powerful integrations, and industry-leading support, help contractors save time and money, reduce risk, and keep projects on track. For more information, visit https://www.rakenapp.com/.

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Stream Companies Named to Inc. 5000 List for 18th Time – the Second Company Ever to Achieve This Honor

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Stream Companies Named to Inc. 5000 List for 18th Time – the Second Company Ever to Achieve This Honor

Philadelphia, PA – August 12, 2025 – Stream Companies, a full-service, fully integrated, tech-enabled advertising agency, is proud to announce today that it has once again secured its place on the prestigious Inc. 5000 list, ranking among the fastest-growing privately held companies in America. 

This marks Stream’s 18th appearance on the list—an achievement reached by only one other company in the list’s 43-year history. 

The Inc. 5000 list is the most trusted ranking of entrepreneurial success in the country. It celebrates private businesses in all 50 states and Puerto Rico that have achieved remarkable revenue growth over a three-year period. Stream’s consistent presence on this list underscores both its financial performance and its continued ability to adapt, scale, and lead in an ever-evolving industry. 

“Making the Inc. 5000 eighteen times takes a culture of grit, innovation, and relentless focus on client results,” said David Regn, CEO and co-founder of Stream Companies. “This milestone reflects the passion of our team, the trust of our clients, and our shared commitment to driving measurable growth in everything we do.” 

Founded in 1996 by David Regn and Jason Brennan, Stream Companies has grown from a boutique agency into a national leader in advertising and marketing strategy, serving over 2,000 businesses in industries such as automotive, home services, healthcare, retail, and finance. 

Over the past year, Stream has continued to expand its client base, scale its proprietary technology offerings, and deliver record-setting outcomes across both digital and traditional channels. This growth has been fueled by a strategic focus on performance-driven media, innovative creative, and marketing solutions that help clients win in today’s competitive landscape. 

About the Inc. 5000 List 

The list ranks organizations based on three-year revenue growth. To qualify for the 2025 Inc. 5000, companies were required to provide verified revenue figures. All winners undergo a rigorous financial and editorial review process, including third-party verification of revenue and background checks on company leadership. 

The full list of honorees, including company profiles and an interactive database sortable by industry, geography, and other criteria, can be found at inc.com/inc5000. 

About Stream Companies 

Stream Companies is a full-service, fully integrated advertising agency with over 28 years of experience delivering retail traffic and measurable growth for clients nationwide. Stream leverages data, strategy, and innovation to help businesses scale across traditional and digital channels. Its suite of services includes media planning and buying, creative, branding, digital marketing, SEO, social media, video, and advanced analytics. 

Stream Companies is proud to partner with some of the largest publicly and privately held dealership groups and businesses in the country. To learn more, visit www.streamcompanies.com. 

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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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Four Inc. Appoints New Executive Vice Chair and President/CEO to Drive Next Phase of Growth

Two portraits of the Four Inc. Executive Appointees.
The Executive apointees of Sverica portfolio company, Four inc.

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Four Inc. Appoints New Executive Vice Chair and President/CEO to Drive Next Phase of Growth

Herndon, VA – February 10, 2025 – Four Inc., a public sector IT distributor, is pleased to announce Co-Founder, President and CEO Jeff Nolan, has been appointed Executive Vice Chair of the Four Inc. board effective immediately. In this role, Nolan will continue to support the company by providing guidance and strategic counsel to the Four Inc. leadership team.  Four Inc. Chief Operating Officer David Stewart will succeed him as President and CEO effective February 5, 2025. 

Nolan is a 40-year veteran of the Government contracting and IT industry best known for pioneering public sector creative financing innovations over the past two decades. Since founding Four Inc. in 2006 with Co-founder Greta Nolan, he has played a pivotal role in the company’s growth and success.

“As Greta and I evaluated potential leaders to guide Four Inc. into the future, we prioritized industry expertise, professionalism, integrity and alignment with our company’s values. Through this process, we identified IT sales and distribution industry veteran David Stewart as the ideal choice—someone who embodies the experience and integrity that defines Four Inc. David has been with us for seven years, playing a crucial role in shaping and executing the company’s strategic direction while providing invaluable leadership that has driven bottom-line growth. As Four Inc. continues to enhance its public sector IT distributor platform, David is the perfect leader to oversee our ongoing growth and transformation,” said Jeff Nolan.

David Stewart joined Four Inc. seven years ago as VP of Corporate Development, playing a key role in the company’s growth by leading strategic partnerships, identifying new market opportunities, and streamlining business operations for greater efficiency and scalability. His contributions quickly earned him the title of Chief Operating Officer.

“I’m thrilled to lead Four Inc. into its next phase of growth, supporting our public sector IT manufacturers, value-added partners, and, of course, our government customers,” Stewart said. “It is our mission to provide a more value-focused and integrity-based approach in the public sector distribution market that is differentiated from today’s model and provides more growth to the channel.”

Prior to Four Inc., Stewart served as Vice President and General Manager of Arrow Electronics’ public-sector business unit where he launched and executed its platform of services for enterprise software and hardware suppliers, value-added resellers, and channel partners, growing the business unit to over $1B of revenue. With over 40 years in the IT industry, Stewart has held key roles at IBM, Unisys, and Satellite Business Systems.

In September 2024, Four Inc announced a strategic growth investment from Sverica Capital, a leading private equity investment firm focused on investing in growth-oriented companies. This strategic partnership provides Four Inc. access to significant capital and resources enabling accelerated growth and continued delivery of exceptional value to its customers and partners.

Four Inc. is a public sector IT distributor committed to empowering its enterprise software and complex solution manufacturers with access to a diverse channel ecosystem of reselling partners, enabling them to meet the evolving technological needs and IT challenges of the public sector. Four Inc. has earned recognition as a Washington Technology “Top 100 Government Contractor” consecutively for the last eight years, and as one of the “Best Places to Work” by Virginia Business magazine for the last seven years. For more information, visit www.fourinc.com.

Sverica Capital Management is a leading growth-oriented private equity firm that has cumulative committed capital of $2.2 billion since inception. 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 investors.

For more information, please visit www.sverica.com.

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Sverica Capital Management Announces Continuation Fund for Stream Companies Holdings

the two logo of the companies in Sverica's continuation fund.
Stream Companies and fulthrottle.ai

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Sverica Capital Management Announces Continuation Fund for Stream Companies Holdings

Austin, TX – January 29, 2025 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, today announced the successful closing of a continuation fund transaction for Stream Companies Holdings, LLC (“Stream”, or the “Company”), a leading provider of marketing software and services primarily serving U.S. automotive dealers and original equipment manufacturers. This transaction marks a milestone in Sverica’s partnership with Stream and underscores Sverica’s continued commitment towards supporting Stream through its next phase of growth.

In the Stream continuation fund transaction, Sverica’s fourth flagship fund (“Fund IV”) offered existing investors the option to roll over their equity and continue participating as an investor. The continuation fund investment was led by RCP Advisors and Churchill Asset Management, with additional participation from several other new investors along with reinvestment from Fund IV’s rolling LPs and GP. Sverica’s fifth flagship fund also made a new investment in Stream, and the Stream Co-Founders and the Stream and fullthrottle.ai management teams rolled over a substantial equity stake.

Since Sverica’s initial investment in April 2019, Stream has grown revenue and EBITDA materially. The Company has further solidified its leadership in the automotive sector by establishing new key partnerships and dramatically increasing the number of relationships held with original equipment manufacturers. Under Sverica’s ownership, Stream has also made inroads into new end-markets and significantly enhanced the fullthrottle.ai SaaS platform through strategic reinvestment and product led growth.

“Stream’s customer centric approach and commitment to providing the best service and outcomes for its clients has proved to be a winning combination over the Company’s long history,” said Jordan Richards, Managing Partner at Sverica. “It has been a pleasure partnering with David Regn and the talented team at Stream and fullthrottle.ai.  We look forward to supporting them as the Company continues to grow.  Lastly, we are excited to continue to reinvest into fullthrottle.ai, a groundbreaking first party data and audience solution that we believe is poised to take market share in the years to come.” 

“We are thrilled to continue our collaboration with Sverica as Stream and fullthrottle.ai embark on the next phase of their journeys,” said David Regn, Co-Founder and CEO of Stream. “Our partnership with Sverica has been a cornerstone of our success. As Stream enters its next chapter, we believe we are well-positioned to unlock the full growth potential of fullthrottle.ai, capture additional market share in the automotive sector, expand our non-automotive client base, and pursue strategic M&A opportunities.” 

About Stream Companies Holdings

Headquartered in West Chester, PA, Stream is comprised of Stream Agency and fullthrottle.ai. Stream has become one of the leaders in data driven retail marketing and fullthrottle.ai has emerged as a prominent ad tech operating system with three distinct patents in first party data collection, media activation and measurement and safe data matching.  fullthrottle powers agencies, brands and media companies entire ad tech ecosystem. The Company has been recognized by the Inc. 5000’s list of fastest growing private companies seventeen times, by Best Places to Work in PA five times, and by the Philadelphia100 list nine times. For more information, visit www.streamcompanies.com and www.fullthrottle.ai.

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Sverica Capital Management Announces Trio of Awards from GrowthCap, Inc. Founder Friendly and Top 50 PE

Sverica wins three awards

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Sverica Capital Management Announces Trio of Awards from GrowthCap, Inc. Founder Friendly and Top 50 PE

Boston, MA, Austin, TX and San Francisco, CA – January 24, 2025 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has been named as a Top Private Equity Firm of 2024 by GrowthCap, a 2024 Founder-Friendly Investor by Inc and a Top 50 PE firm in 2025. This marks the second consecutive year that Sverica has been honored by GrowthCap, the third consecutive year recognized by Inc, and Top 50.

GrowthCap’s annual list highlights firms they identify as “the best partners to LPs and to those investors aspiring to work for elite firms” and emphasizes that “these firms can be considered the best capital partners for companies seeking to grow and scale over the long run.” As in past years, Inc. compiled their list based on direct feedback from founders who have partnered with private equity, venture capital and debt firms. 

“We are honored to receive this recognition once again from GrowthCap, Inc. and Top 50. These awards reflect our people-first approach and commitment to equipping our businesses with the tools and resources to thrive well beyond our partnership. We are deeply grateful to the talented and passionate founders and other leaders we have had the privilege to partner with over the 20+ years Sverica has operated.” said Dave Finley, Jordan Richards, and Frank Young, Sverica’s Managing Partners.

Disclosure Note:  Selections for Founder Friendly award are based on Inc’s survey of Sverica portfolio company founders. To view the full list of honorees and read more about the selection methodology, visit Inc’s website.  Selections for the GrowthCap award are based on their 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.  Selection for the Top 50 PE Firm award are based upon the merits of their nominations which include but are not limited to track record, reputation, leadership and third-party endorsement.  To view the full list of honorees and read more about the selection methodology, visit the Top 50 PE Firm 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 each award and 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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