Trending...
- Amaris Mint® Confirms UK Availability of Swedish-Made BioBoost Daily Nutrition Range
- Lake Norman Philharmonic - Free Community Concert
- September Is Healthy Aging® Month Announces 2026 Theme: "Curiosity Has No Age Limit"
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
- IDI Consulting Partners with the American Heart Association to Advance Heart Health Awareness
- Kerri Lawless Introduces New Home-Selling Option for Local Homeowners
- Bethany Nikitenko Appointed to Philadelphia Trial Lawyers Association Diversity Committee
- FDA-Cleared Zeta TMS Robotic System Moves Toward Deployment as FDA, DARPA and Commercial Catalysts Converge: NRx Pharmaceuticals (N A S D A Q: NRXP)
- Baird Medical Turns Global Expansion Into Tangible Growth: N A S D A Q: BDMD Posts 25% Revenue Surge as U.S. and International Markets Accelerate
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
- OneVizion Launches Vera AI, Bringing Connected Operational Context to Infrastructure Teams
- P-Wave Press Announces Pushing the Wave 2025 by L.A. Davenport
- DONGSHENG Titanium Recycling: Promoting a Closed-Loop Cycle for High-End Titanium Materials
- French Camp Academy Releases New Video Inviting Individuals to Consider a Life of Service
- LET US READ Documentary on Dyslexia and Literacy to Screen at TCL Chinese 6 in Hollywood
- Defense & Space Strategy Strengthens as New Leadership Builds on NASA Results and Expanding Multi-Orbit Opportunities for Ascent Solar Technologies
- STS Capital Partners is pleased to announce the appointment of Barry Brown as Vice President, Business Development
- Qscription Technologies and NEOPATHOLOGY CORP. Sign MOU to Bring FDA-Cleared Lung Imaging AI into U.S. Clinical Practice
- New Bethany's 35th Annual Souper Day to Spotlight Connection Between Health, Hunger and Housing
- Heritage at Manalapan Welcomes New Sales Team as Luxury Single-Family Home Community Continues to Grow
- Mandeville Pests May Pose Serious Health Risks for Your Family
- A New Tale Band Makes 9/11 Tribute Song "The Twins" Free for Ceremonies and School Programs
- Share your workplace safety solutions at 2027 Applied Ergonomics Conference
- Parents No Longer Have to Wait 3 Weeks for a Sleep Consultant: Nora Talks Tonight, Stays for 5 Days, Costs $89
- May The Worst Team Win! Loserball Kicks Off Another NFL Season of Hilarious Mayhem
- Black Women Living With, and Impacted by, HIV Express Gratitude, Grief, Joy, and Resilience
- MainConcept Easy Video API Extends Full Transcoding to Arm and NETINT VPUs
- Cruxy shortlisted for two Private Equity Wire® US Awards 2026: Advisory Firm of the Year (Overall) & Value Creation Consulting Firm of the Year
- September Is Healthy Aging® Month Announces 2026 Theme: "Curiosity Has No Age Limit"
- Lake Norman Philharmonic - Free Community Concert