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Sverica Capital company logo
Private Equity
FINANCE | Investment Firms & Funds
sverica.com

Investments

23

Portfolio Exits

15

Funds

6

Partners & Customers

2

About Sverica Capital

Sverica Capital is a lower-middle-market-focused private equity firm specializing in acquiring and building companies that are or could become, leaders in their industries. It focuses on technology and business services, healthcare, industry 4.0, manufacturing services, automation services, and more. The company was founded in 2001 and is based in Boston, Massachusetts.

Headquarters Location

One Boston Place Suite 3910

Boston, Massachusetts, 02108,

United States

617-695-0221

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Latest Sverica Capital News

Cytracom Hires CISO, Launches Trust Center to Raise the Bar in Cybersecurity for MSPs

Apr 14, 2023

Cytracom Hires CISO, Launches Trust Center to Raise the Bar in Cybersecurity for MSPs The two moves are designed to keep the company ahead of the curve in cybersecurity and demonstrate its dedication to providing partners with the tools and resources they need to navigate the constantly changing landscape of cybersecurity threats. James Hill [Image: Cytracom, istockphoto, DI] Allen-based Cytracom, a provider of cloud solutions for managed service providers (MSPs), has announced the appointment of Chief Information Security Officer James Hill and the launch of its Trust Center. The two moves underscore Cytracom’s commitment to staying ahead of the curve in cybersecurity and its dedication to providing its partners with the tools and resources they need to navigate the constantly changing landscape of cybersecurity threats, company execs say. According to Co-founder and CEO Zane Conkle, the company is building on its already-strong security practices. “With the ever-evolving risks faced by MSPs and businesses, investing in security leadership and establishing a Trust Center that offers immediate access to learn about our security practices, view our compliance audits, and stay updated on the latest methods for securing customer environments, demonstrates our unwavering dedication to protecting our partners,” he said in a statement. The company’s investment and commitment to security and compliance will accelerate its success and that of its partners, highlighting why more MSP channel partners choose the company, he notes. Appointment of cybersecurity veteran James Hill Cytracom COO John Tippett says the company’s “channel partners trust them with their own network security as well as their clients, and with the rapidly increasing cyber risk in the industry, Cytracom has made a strategic decision to invest in a CISO.” In a statement, Tippett said Hill’s expertise in the MSP channel, corporate and public sector risk assessments, forensics, NIST framework, and vulnerability management aligns with the company’s business and partners. As CISO, Hill’s role is to ensure Cytracom and its employees are working securely, minimizing exposure and risk with an effective and sustainable cybersecurity strategy and program, the company said. Hill also is responsible for anticipating future threats and ensuring the company and its channel partners are prepared to meet them. Hill’s “vision, talent, and immediate call for the Trust Center introduces another lens on security and new resources to help our partners successfully navigate the security challenges in today’s market,” Tippett said. The Cytracom Trust Center The new trust center was developed in response to requests from Cytracom’s partners. Designed to improve communication and trust between the company and MSPs, it offers access to its security practices and compliance audits. The new portal will notify subscribed partners in real time of any changes to Cytracom’s security and compliance status and help speed up the sales cycle by providing faster access to compliance documentation, according to a news release. Seeing potential Cytracom COO John Tippett (left) and co-founder/CEO Zane Conkle. [Photo: Cytracom] Cytracom was founded in 2008 by Conkle and other industry veterans who recognized the potential of cloud-based communications for businesses. The company started out providing VoIP services to businesses but expanded to offer a wider range of cloud-based solutions for managed service providers. Today, the company’s solutions include communications, security, and networking in a single platform to help MSPs connect and secure traditional and hybrid workforces. In 2020, the company was acquired by San Francisco-based private equity firm Sverica Capital Management for an undisclosed amount. The acquisition provided backing to Cytracom to enhance its range of services offered to MSPs, develop additional features for its services, and accelerate the company’s growth. The company moved to Allen in 2017. Get on the list. Dallas Innovates, every day. Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day. One quick signup, and you’re done. With a five-year, $11.3 million grant from the National Institute of Neurological Disorders and Stroke, researchers at UT Dallas' new Human Nociceptor and Spinal Cord Molecular Signature Center are digging into the causes of chronic pain and new ways to treat it. The center's leader, Dr. Ted Price, says the data generated "will fundamentally change the way that we think about pain and how we develop therapeutics." The app was developed by Dallas-based Zimperium, a leader in mobile security, and is designed to secure devices against even the most advanced threats. Available as a free download on Apple iOS and Android Play, Dallas Secure arrives just in time for the busy holiday mobile-commerce season. "Public safety comes first in Dallas—and cybersecurity is a form of public safety,” Mayor Eric Johnson said. The 27,500-square-foot new HQ—in partnership with UT Dallas—anchors Richardson's 1,200-acre Innovation Quarter. A masterwork of vision planning years in the making, it's a catalyst to spark innovation and nuture collaborations—and attract hundreds of entrepreneurial businesses. Six new UT Dallas research centers will initially launch at the IQ HQ, helping to build businesses and commercialize research coming from the nearby university. “We are a global presence," Richardson Mayor Paul Voelker said at the event. "And the vision that we have here is that we will be a global influencer of technology and innovation." Chint Power Solutions America, a subsidiary of electronic components maker Chint Group, has made Richardson the new home of its U.S. HQ and Innovation Center—in yet another California HQ move to North Texas. As CPS seeks to grow its presence in the solar and clean energy space, it will use the Innovation Center "to shape what’s next in solar and energy storage technology." TAGS:

Sverica Capital Investments

23 Investments

Sverica Capital has made 23 investments. Their latest investment was in Hirebotics as part of their Private Equity on March 3, 2023.

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Sverica Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/24/2023

Private Equity

Hirebotics

Yes

3

8/2/2022

Private Equity

Omeda

Yes

2

6/14/2022

Private Equity

SG Homecare

Yes

2

12/9/2021

Private Equity

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10

4/7/2021

Private Equity

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10

Date

3/24/2023

8/2/2022

6/14/2022

12/9/2021

4/7/2021

Round

Private Equity

Private Equity

Private Equity

Private Equity

Private Equity

Company

Hirebotics

Omeda

SG Homecare

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Amount

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

2

2

10

10

Sverica Capital Portfolio Exits

15 Portfolio Exits

Sverica Capital has 15 portfolio exits. Their latest portfolio exit was iWave on October 20, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/20/2022

Acq - Fin - II

$99M

2

9/27/2022

Acq - Fin - II

$99M

8

8/24/2021

Acquired

$99M

1

1/11/2021

Acquired

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$99M

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10

7/22/2019

Acquired

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$99M

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10

Date

10/20/2022

9/27/2022

8/24/2021

1/11/2021

7/22/2019

Exit

Acq - Fin - II

Acq - Fin - II

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

8

1

10

10

Sverica Capital Acquisitions

18 Acquisitions

Sverica Capital acquired 18 companies. Their latest acquisition was Automated Control Concepts on October 26, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/26/2021

$99M

Acq - Fin

1

2/26/2020

$99M

Acq - Fin

3

8/21/2018

$99M

Acq - Fin

1

8/10/2017

Other Venture Capital

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$99M

$99M

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10

6/21/2017

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$99M

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10

Date

10/26/2021

2/26/2020

8/21/2018

8/10/2017

6/21/2017

Investment Stage

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

Acq - Fin

Acq - Fin

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Sources

1

3

1

10

10

Sverica Capital Fund History

6 Fund Histories

Sverica Capital has 6 funds, including Sverica Capital Partners VI.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/15/2023

Sverica Capital Partners VI

$750M

2

10/8/2019

Sverica Capital Partners V

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$99M

10

3/22/2016

Sverica Capital Partners IV

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$99M

10

11/30/2008

Sverica International Investment Fund III

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$99M

10

12/15/2005

Sverica International Investment Fund II

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$99M

10

Closing Date

3/15/2023

10/8/2019

3/22/2016

11/30/2008

12/15/2005

Fund

Sverica Capital Partners VI

Sverica Capital Partners V

Sverica Capital Partners IV

Sverica International Investment Fund III

Sverica International Investment Fund II

Fund Type

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Status

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Amount

$750M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Sverica Capital Partners & Customers

2 Partners and customers

Sverica Capital has 2 strategic partners and customers. Sverica Capital recently partnered with Arizona OBGYN Affiliates on October 10, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

10/11/2018

Partner

United States

1

4/5/2018

Partner

United States

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10

Date

10/11/2018

4/5/2018

Type

Partner

Partner

Business Partner

Country

United States

United States

News Snippet

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Sources

1

10

Sverica Capital Team

4 Team Members

Sverica Capital has 4 team members, including current Managing Partner, David E. Finley.

Name

Work History

Title

Status

David E. Finley

Managing Partner

Current

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Name

David E. Finley

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Work History

Title

Managing Partner

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Status

Current

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