Trending...
- Collectibles EvoRelic Celebrates Stellar 4.8-Star Customer Rating
- YieldOMega Launches $DOUB Airdrop Campaign Ahead of TimeCurve Launch
- Brewtay Coffee Partners with Alex's Lemonade Stand to Fuel Penn Wynne Volunteers
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
- Color Card Administrator Highlights Growing Enterprise Demand for Operational Infrastructure in Business Card Identity Governance
- American Properties Celebrates Grand Opening and Ribbon Cutting Ceremony at Heritage at South
- MoMojo Records signs Arlen Roth; "Blues Grass" slated for August 7, 2026 release
- Crosswalk Ministries USA Announces 2026 Child and Family Well-Being Conference in Stockbridge, Georgia
- Autism Podcast Helps Parents Understand Why Behavior Is Communication, Not Defiance
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
- Lansdowne Photographer Steven Weisz Selected for Philadelphia City Hall Exhibition
- Federal indictments bring new scrutiny to SPLC practices and highlight the real‑world impact of its designations on nonprofit groups, including NCFM
- Shedrack Anderson Releases New Album
- Could You Make a 2026 World Cup Squad? A New Free Tool Will Tell You Where You'd Sit on Any National Team's Bench in 90 Seconds
- Sugar Land's Social Scene Gets a Boost: Pep's Backyard Set to Open Near Constellation Field
- Joseph Nybyk (AKA Joseph Neibich) Guests On Octopus TV
- Mutant-Fueled Bio-Cyberpunk Shooter HoverGrease 2 Launches May 22
- Triple-Digit Growth, OTCQX Market Upgrade and a Rapidly Expanding Specialty Healthcare Platform: Cardiff Lexington Corporation: Stock Symbol: CDIX
- XRPPower Continues Strengthening Its Global AI-Powered Blockchain Ecosystem
- Lick Introduces Pineapple Flavored Massage Oil — A Tropical Date Night Favorite Available on Amazon
- FutureLot Powers ADU Wizard for Massachusetts Clean Energy Center's Statewide ADU Resource Center
- ICT Innovations Releases ICTPBX Community Edition as Open Source Under Mozilla Public License 2.0
- Brett Furman Expands AI and Marketing Team to Better Help Home Sellers Navigate the Future of Online Search
- Maryland Personal Injury Firm Earns National Recognition in 2026 ELA Awards
- Robert J. Bradshaw's AYE is a Gripping Dual Reality Thriller Exploring the Increasingly Blurred Line Between Humanity and Technology
- Bangxing Silicone Revolutionizes Silicone Baby Product Partnerships: Low MOQ Support + VIP Long-Term Win-Win Programs
- JFAB Consulting Elevates Brand with New Identity and Digital Experience
- SteelTree Announces Launch of Its Operational Decision Intelligence Service
- Advanced AI Capabilities Reflected by Upcoming Company Name and Stock Symbol Change for Evolving Pre-Owned Boat Dealer: Off The Hook YS: N Y S E: OTH
- AI-Driven Defense Expansion, Autonomous Systems and Israeli Aerospace Manufacturing Platform: VisionWave Holdings (N A S D A Q: VWAV)