Summit Partners

Summit Partners Announces Promotions and Additions to Global Investment Team

Retrieved on: 
Tuesday, March 19, 2024
Banking, Asset Management, Professional Services, Finance, Bank of America, Digital marketing, Partner, Culture, Hanyin County, UBS, Norwest Venture Partners, Digital, QAD, George Washington University, Software Advice, Telecommunications, Bank, Software, Harvard Business School, Health care, Master of Science, HEC, MBA, Marketing, Babson College, Advertising, Summit Partners, Gartner, Economics, Lever, Hautes Études Commerciales

Summit Partners, a leading alternative investment firm, today announced the promotion of three professionals and the addition of one new Principal across the firm’s global offices.

Key Points: 
  • Summit Partners, a leading alternative investment firm, today announced the promotion of three professionals and the addition of one new Principal across the firm’s global offices.
  • “We are very pleased to recognize the performance of these three colleagues with well-earned promotions,” said Peter Chung , Managing Director and Chief Executive Officer of Summit Partners.
  • Prior to Summit, Hanyin worked on the Technology, Media and Telecommunications Group at UBS Investment Bank.
  • Prior to Summit, Cody was a partner at Lever & Dial, an investment and advisory firm dedicated to helping growth companies scale with world-class marketing.

Netgain Announces $35 Million Investment from Summit Partners to Accelerate its Mission to Modernize Accounting

Retrieved on: 
Wednesday, April 3, 2024
Cloud, Goldfarb, Organization, Growth, Burnout, CFO, Accounting, NetSuite, News, Adam Nathan, Summit Partners

DENVER, April 3, 2024 /PRNewswire/ -- Netgain, a leading software provider for finance and accounting teams, today announced a $35 million minority investment led by global growth investor Summit Partners.

Key Points: 
  • DENVER, April 3, 2024 /PRNewswire/ -- Netgain, a leading software provider for finance and accounting teams, today announced a $35 million minority investment led by global growth investor Summit Partners.
  • Netgain was founded in 2018 with a mission to modernize the Office of the CFO.
  • The company's founders, Nathan Smart and Adam Riches, began their careers as auditors, controllers and finance managers, experiencing firsthand the technical and time-consuming challenges that accounting and finance professionals face.
  • The accounting industry is facing a significant talent exit , with declining enrollments at accounting programs and a record number of retirements.

Insurcomm Announces Growth Equity Investment from Summit Partners

Retrieved on: 
Thursday, February 29, 2024
Residential Building & Real Estate, Construction & Property, Professional Services, Insurance, Summit Partners, Latham & Watkins, GSA, MAS, Professional, Culture, Growth, General Services Administration, Asbestos, Management

Insurcomm, Inc. (“the Company” or “Insurcomm”), a rapidly growing provider of commercial and residential restoration services, today announced a majority growth investment from Summit Partners .

Key Points: 
  • Insurcomm, Inc. (“the Company” or “Insurcomm”), a rapidly growing provider of commercial and residential restoration services, today announced a majority growth investment from Summit Partners .
  • “Partnering with Summit will help Insurcomm enter a new and expanded era of growth, allowing us to scale our impact and drive value for property owners and insurers.
  • The Insurcomm team has built deep and trusted relationships with property owners and insurers, fueling strong growth in market share.
  • Harris Williams served as financial advisor to Summit Partners, and Latham & Watkins served as legal advisor.

MacStadium Launches Online Community to Fuel Innovation Among Application Developers

Retrieved on: 
Tuesday, March 5, 2024
Internet, Mobile, Wireless, Apps, Applications, Technology, Software, Knowledge, Summit Partners, Mac, Artificial intelligence, News, Language, MacOS, DevOps, OCI, Environment

MacStadium , the industry-leading private Mac cloud provider enabling enterprise macOS workloads, today announced the launch of its online community to deepen the connections of application developers through knowledge sharing and collaboration.

Key Points: 
  • MacStadium , the industry-leading private Mac cloud provider enabling enterprise macOS workloads, today announced the launch of its online community to deepen the connections of application developers through knowledge sharing and collaboration.
  • Creating this online space cultivates an environment for developers to be more creative, build connections or share a laugh over industry memes.
  • “In a space where many developers work remotely or in a hybrid environment, the MacStadium Community offers developers the opportunity to connect with their peers,” said Ken Tacelli, CEO of MacStadium.
  • “We’ve set the intention with this community that peer connection and interactions will promote knowledge sharing and innovation in the Mac application development space.”
    The MacStadium Community creates a dynamic space for developers to collaborate and fuel innovation while building camaraderie through shared interests, industry humor and personal anecdotes.

Red Canary Announces Record Fourth Quarter and Full Year Fiscal 2024 Results

Retrieved on: 
Thursday, February 29, 2024
Summit Partners, Wiz, Intelligence, MDR, Growth, Organization, Red, Microsoft, AWS, Partnership

DENVER, Feb. 29, 2024 /PRNewswire/ -- Today, Red Canary announced highlights from its fiscal fourth quarter and full fiscal year ending January 31, 2024. New customer bookings from large organizations grew by 60% in fiscal year 2024 compared to the previous year. This growth is driven by the company's strong performance in the enterprise segment, with significant increases in both deal size and customer count over the past year.

Key Points: 
  • DENVER, Feb. 29, 2024 /PRNewswire/ -- Today, Red Canary announced highlights from its fiscal fourth quarter and full fiscal year ending January 31, 2024.
  • New customer bookings from large organizations grew by 60% in fiscal year 2024 compared to the previous year.
  • Red Canary delivered a record fourth quarter, with 74% growth year-over-year in deals over $100K.
  • "Red Canary achieved a record-breaking fourth quarter and full fiscal year, reaching new financial milestones," said Brian Beyer, CEO, Red Canary.

Hallmark Appoints Healthcare Leader and Patient Experience Innovator Patrick T. Ryan as Board Chairman

Retrieved on: 
Tuesday, February 13, 2024
Data Management, Health, Technology, Practice Management, Health Technology, Software, General Health, Summit Partners, Press Ganey Associates, Affiliated Managers Group, Growth, Patient, Hill-Rom, Safety, Organization, Modern Healthcare, Workforce, Atrius Health

Hallmark Health Care Solutions , a healthcare workforce management technology company, today announced the appointment of Patrick T. Ryan as non-executive Chairman of its Board of Directors.

Key Points: 
  • Hallmark Health Care Solutions , a healthcare workforce management technology company, today announced the appointment of Patrick T. Ryan as non-executive Chairman of its Board of Directors.
  • Ryan brings more than 35 years of experience as an entrepreneur, leader, and CEO of numerous healthcare service organizations.
  • Ryan was recognized by Modern Healthcare as one of the industry’s 100 Most Influential People in Healthcare of 2023.
  • “Pat brings an unparalleled passion and experience collaborating with healthcare systems and providers to improve patient, clinical, and financial outcomes,” said Bruce Cerullo, CEO of Hallmark.

Blended Health enters behavioral health space through multi-company acquisition and merger in Texas and Tennessee

Retrieved on: 
Wednesday, February 7, 2024
Growth, IOP, Summit Partners, Mental health, PHP, CWG, Mental, Health, Nursing

As of its launch, Blended Health is operating eighteen clinics across Texas and Tennessee with plans to add more locations in 2024.

Key Points: 
  • As of its launch, Blended Health is operating eighteen clinics across Texas and Tennessee with plans to add more locations in 2024.
  • Blended Health will continue to operate in Texas under the consumer-facing brand, Connections Wellness Group, and will begin converting all of its Tennessee locations to the Connections Wellness Group brand in February.
  • The impact we have on their lives today will shape the health of our communities tomorrow.”
    Blended Health strives to be a leader in the outpatient behavioral and mental health provider space.
  • There is a growing behavioral health crisis in the U.S., exasperated by a shortage of mental health providers relative to growing demand.

Hallmark Health Care Solutions Appoints Bruce Cerullo as Chief Executive Officer

Retrieved on: 
Thursday, February 1, 2024
Technology, Human Resources, Health Technology, Professional Services, Software, Practice Management, Health, General Health, Data Management, Growth, Lead, Summit Partners, Partner, VCS, Software as a service, Workforce, Management

Hallmark Health Care Solutions (“Hallmark” or “the Company”), a healthcare technology company specializing in workforce management solutions, today announced that Bruce Cerullo has been named Chief Executive Officer.

Key Points: 
  • Hallmark Health Care Solutions (“Hallmark” or “the Company”), a healthcare technology company specializing in workforce management solutions, today announced that Bruce Cerullo has been named Chief Executive Officer.
  • Co-Founder Isaac Ullatil, who has served as Chief Executive Officer for the past 13 years, will transition to the role of Strategic Advisor.
  • “I am honored to join the Hallmark team at this exciting moment in our growth journey,” said Mr. Cerullo.
  • I believe Bruce is the right CEO to lead Hallmark through this next phase of growth.”

CenterOak Partners Announces Sale of CollisionRight, Sixth Largest Collision Repair Operator in the U.S.

Retrieved on: 
Tuesday, January 30, 2024
Professional Services, Automotive, Other Professional Services, General Automotive, Finance, Fleet Management, Banking, Growth, Summit Partners, History, Partner, Jefferies Group, Stifel, Gibson Dunn, Sale, Insurance, LLP

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the sale of CollisionRight, Inc. (“CollisionRight” or the “Company”), a leading provider of auto body repair services, to Summit Partners.

Key Points: 
  • CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the sale of CollisionRight, Inc. (“CollisionRight” or the “Company”), a leading provider of auto body repair services, to Summit Partners.
  • This marks the third exit in the auto aftermarket for CenterOak.
  • Since its formation in 2020, CollisionRight’s network has expanded to more than 85 repair centers across nine states.
  • “During CenterOak’s investment, CollisionRight grew revenue six-fold and became the sixth largest collision repair operator in the U.S.,” said Jason Sutherland, a Managing Partner of CenterOak.

CollisionRight Announces Investment from Growth Equity Firm Summit Partners

Retrieved on: 
Tuesday, January 30, 2024
Finance, Professional Services, General Automotive, Automotive, Asset Management, Paint, Central United States, Growth, Summit Partners, Partner

CollisionRight (“the Company”), a leading consolidator of automotive collision repair shops in the United States, today announced a majority investment from Summit Partners, a leading growth equity investment firm.

Key Points: 
  • CollisionRight (“the Company”), a leading consolidator of automotive collision repair shops in the United States, today announced a majority investment from Summit Partners, a leading growth equity investment firm.
  • CollisionRight Founder and CEO Rich Harrison will retain significant equity ownership in the business by investing alongside Summit, as will several other members of the Company’s senior management team.
  • “Partnering with Summit will help CollisionRight enter a new and expanded era of growth,” said CEO Rich Harrison.
  • Our goal is to create an industry leader that will set the standard for growth, excellence and customer service.