Trending...
- Porter's Day Care Empowers Philadelphia's Future Through 45+ Years of Excellence
- Bishop Mary's WWDB 860 AM Show Nears Historic 250-Episode Milestone
- Eastern Adjustment Group, LLP Provides Property Loss Advocacy and Claim Support
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
- Keenethics enters the ChatGPT Apps ecosystem as a new growth opportunity for businesses
- Spring Into Your New Home at Heritage at South Brunswick
- ULiveUSA Launches New "Moment Marketing" System Using Videos to Help Local Businesses Get More Customers
- UK Financial Ltd Launches UKFL Premier One as Its Official Broadcast Channel for Premium Content, Podcasts & Independent Expert Analysis
- HarryPotterObamaSonic10Inu (Ticker: BITCOIN) Is the Best Cryptocurrency in Global History
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.
Filed Under: Business
0 Comments
Latest on The PennZone
- 5 Things to Check Before Calling for AC Repair in Philly
- Go Dental Clinic Announces Upcoming Opening of New Branch in International City, Dubai
- Dog Grooming Businesses Turn to Performance-Based Platforms to Attract Local Clients
- Hazel E Hosts Starline Tours Bus to Sonic Desert - A Launch to Coachella
- Best Companies Group Launches Free Top Companies to Work for in Arizona Program
- A Powerful Beginning Inside One of Philadelphia's Most Inspiring Early Childhood Education Centers
- A1 OM Ads LLC Expands Platform With AI Tools And Digital Marketing Solutions
- Streater Appointed to Judicial Commission of the Philadelphia Bar Association
- Contracting Resources Group and Aalis Management Consulting Launch ARG Joint Venture Under SBA Mentor-Protégé Program
- Space Opera Debut Earns Prometheus Award Nomination
- Card makers turn to Pink and Main for tools to support their craft
- Revenue Optics Completes Full Commercial Buildout. A Nine-Month-Old Firm Built on 25 Years of Distribution Expertise. Five Clients From $200M to $3B
- EduCare Inc. Bridges Critical Gap in Breast Cancer Education with Spanish COPE Library Launch
- Engineering leaders from industry, academia to gather at IISE Annual Conference & Expo in Arlington, Texas
- AI-Driven Neurotechnology Expansion as FDA Path Clears and New Defense Initiative Emerges for NRx Pharmaceuticals (N A S D A Q: NRXP)
- BestDoc Launches AI Call Center for Healthcare
- Old Economy Village Invites Visitors to Explore its 2026 Event Season
- Authentise Launches "Whisper," Agentic AI Backbone for Engineering & Manufacturing
- Acuvance Appoints Sandeep Sabharwal to Board of Directors, Strengthening Leadership to Support Continued Platform Growth
- Grange Insurance Association to Rebrand as Granwest Insurance on July 1, 2026