Trending...
- Bountiful Bowl Aims to Raise $50,000 to Support Meals on Wheels of the Greater Lehigh Valley
- New Research Spotlight, Expanding TUSC2 Science & Strategic Development Milestones Put Gene Therapy Innovation into Focus for Genprex (NAS DAQ: GNPX)
- WebDrafter Welcomes Dreamwork Exteriors as a New Marketing Client
WAYNE, Pa., Nov. 4, 2024 ~ Philadelphia-based private equity firm, Renovus Capital Partners, has recently announced its majority investment in Performive, a leading provider of managed IT services for mid-market enterprises. This strategic partnership will enable Performive to accelerate its growth and pursue various initiatives such as product innovation, enhancing customer experience, and enabling partnerships.
Performive, founded in 2005, is a managed services provider that specializes in cloud services, infrastructure services, and cybersecurity. With a strong focus on providing mission-critical services to its thousands of customers, the company has gained recognition in the industry for its technical expertise and exceptional service.
The investment from Renovus will allow Performive to further expand its solution offerings and strengthen its team. It will also provide opportunities for the company to pursue acquisitions that align with its commitment to delivering high-value and customer-focused services.
More on The PennZone
Gary Simat, Co-Founder and CEO of Performive expressed his excitement about the partnership with Renovus stating that it is a pivotal moment for the company. He believes that this investment will fuel their continued innovation and enable them to enhance the customer experience while driving greater value for their clients. Simat also added that with this investment, they are ready to accelerate their goal of becoming a leading MSP serving mid-market enterprises across the U.S.
Renovus' Managing Director Jason Tanker shared his enthusiasm about this investment stating that they have built a thesis on investing in differentiated MSPs with highly recurring revenue and critical service offerings. He believes that Performive fits this profile perfectly and sees tremendous growth potential in the company's platform. Tanker also mentioned that they are excited to partner with the team at Performive to accelerate the company's expansion both organically and through acquisitions.
Performive is Renovus' first platform out of Renovus IV which was launched in October 2024 with $875 million of total commitments.
Layer 7 Capital served as exclusive financial advisor while McDermott Will & Emery and DLA Piper served as legal counsel for Performive and Renovus, respectively. This partnership marks a significant milestone for Performive and is expected to drive the company's growth and success in the future.
Performive, founded in 2005, is a managed services provider that specializes in cloud services, infrastructure services, and cybersecurity. With a strong focus on providing mission-critical services to its thousands of customers, the company has gained recognition in the industry for its technical expertise and exceptional service.
The investment from Renovus will allow Performive to further expand its solution offerings and strengthen its team. It will also provide opportunities for the company to pursue acquisitions that align with its commitment to delivering high-value and customer-focused services.
More on The PennZone
- P-Wave Press Announces Becoming Dad: Reflections for New Fathers by L. A. Davenport
- Logicraft Launches FuelDeck™, AI That Turns Aviation Fuel Tickets Into One Traceable Ledger
- Inaugural OC Tech Week Draws 3,000 From 12 Countries, Sends Finalist to $1M Startup World Cup
- Award-Winning American Hotelier Opens Art-Filled Luxury Cottage in Norfolk, England
- K2 Global / Ozi Amanat Named Among Top 100 AI Venture Capitalists in 2026
Gary Simat, Co-Founder and CEO of Performive expressed his excitement about the partnership with Renovus stating that it is a pivotal moment for the company. He believes that this investment will fuel their continued innovation and enable them to enhance the customer experience while driving greater value for their clients. Simat also added that with this investment, they are ready to accelerate their goal of becoming a leading MSP serving mid-market enterprises across the U.S.
Renovus' Managing Director Jason Tanker shared his enthusiasm about this investment stating that they have built a thesis on investing in differentiated MSPs with highly recurring revenue and critical service offerings. He believes that Performive fits this profile perfectly and sees tremendous growth potential in the company's platform. Tanker also mentioned that they are excited to partner with the team at Performive to accelerate the company's expansion both organically and through acquisitions.
Performive is Renovus' first platform out of Renovus IV which was launched in October 2024 with $875 million of total commitments.
Layer 7 Capital served as exclusive financial advisor while McDermott Will & Emery and DLA Piper served as legal counsel for Performive and Renovus, respectively. This partnership marks a significant milestone for Performive and is expected to drive the company's growth and success in the future.
0 Comments
Latest on The PennZone
- TradeJARnal Launches Innovative Trading Journal to Help Stock and Options Traders Build Discipline and Smarter Trading Habits
- Pursant Founder Mark Herbick Joins STS Capital Partners as CEO
- Tampa Holiday Sessions: Captured by Mallary Opens 2026 Christmas Minis With Two New Sets
- Tampa Web Design Launches New Website for Entrepreneur and Capital Markets Advisor Martin Sumichrast
- Miami Dade College and World Affairs Council of Miami announce Navarro-Cabrera scholarship
- Bridging Canvas and Cosmos: How Bioengineer Farin DeBose Captured the Essence of "True Science"
- RPP to host first Professional Padel Week in Miami and announce the 2026 USA Awards winners
- UK Financial Ltd. Announces Maya Preferred PRA as First Fully Verified Asset on MAYA CHAIN; Chainlink Proof of Reserve Integration Planned for Network
- ALight Technology And Services Limited Advances Through Peachscore + Dealum Accelerator and Join LvlUp Labs
- NAO Releases Shopping Intelligence to Streamline Your Quest for Value
- International Misophonia Foundation Launches Sensory Accessible Technology Initiative to Address Overlooked Digital Accessibility Barriers
- The Robert Travers Team of Long & Foster Marks 300+ Homes Sold, Expands Seller Representation
- CLINIMED Becomes First Liposuction Cannula Maker to Offer 3D and AR Models of Its Cannula Range
- RAS AP Consulting Advances 1099 Education and Readiness Initiative Through IFOL Training and Finance Technology Showcase
- Heritage at Manalapan Announces New 3.875% First-Year Mortgage Rate Buydown (7.11 APR)
- Conservative Latinos for PA PAC Endorses Stacy Garrity for Governor: "Pennsylvania's Latino Families Need a Leader Who Delivers"
- AthleteMerch.com Surpasses 100,000 Custom Items Delivered to Fans Nationwide
- MoMojo Records Signs Gary Nicholson
- Steve Weclew is Appointed by STS Capital Partners as Managing Director
- Communities In Schools of Eastern Pennsylvania Honors United Way and Local Leaders