Silversmith

Appfire Exceeds $200M in ARR, Signaling Growing Demand for Software that Augments Leading Platforms for Modern Work

Retrieved on: 
Tuesday, January 30, 2024

BOSTON, Jan. 30, 2024 /PRNewswire/ -- Appfire, the leading global provider of software that enhances, extends, and connects the world's leading platforms such as Atlassian, Microsoft, monday.com, and Salesforce, today announced a strong year of growth in 2023, achieving $200 million in Annual Recurring Revenue (ARR). The company's mission to equip and connect every team so they can plan and deliver their best work has continued to prove successful producing consistent year-over-year (YoY) growth – with Appfire growing from $10M ARR to $200M ARR in the last four years. Appfire has also been profitable since inception with best-in-class free cash flow margins relative to the broader SaaS universe.

Key Points: 
  • Appfire has also been profitable since inception with best-in-class free cash flow margins relative to the broader SaaS universe.
  • Our success would not be possible without the work and dedication of our team, partners, and customers."
  • The company also continued its commitment to Pledge 1% for all four pledge types: product, profit, equity, and employee time.
  • For more on Appfire, visit www.appfire.com and follow along on X (Twitter) , LinkedIn , Life at Appfire , and Instagram .

Formstack Appoints a New CEO to help Lead the Company in the Next Phase of Growth

Retrieved on: 
Monday, December 4, 2023

“This is a tremendous opportunity to lead a purposeful company focused on automating repetitive work with easy to use solutions.

Key Points: 
  • “This is a tremendous opportunity to lead a purposeful company focused on automating repetitive work with easy to use solutions.
  • Digitizing what matters to save time and money for individuals and enterprises is a top priority,” Miles said.
  • During his four year tenure, he helped guide the company through an organic and inorganic growth transformation leading to an additional investment from private equity firm TPG.
  • Before that, he was the CEO of TeleSign, where he helped lead the company to a successful acquisition by Belgian national telecoms provider ‘Proximus’ in 2019 for over $230M.

Al Kinnear Joins TMA Systems as Executive Vice President of Sales

Retrieved on: 
Tuesday, October 10, 2023

TMA Systems , a world-class provider of advanced Computerized Maintenance Management Systems ( CMMS ), Enterprise Asset Management ( EAM ) and Calibration Management Software ( CMS ), today announced that Al Kinnear has joined as Executive Vice President of Sales.

Key Points: 
  • TMA Systems , a world-class provider of advanced Computerized Maintenance Management Systems ( CMMS ), Enterprise Asset Management ( EAM ) and Calibration Management Software ( CMS ), today announced that Al Kinnear has joined as Executive Vice President of Sales.
  • Prior to TMA Systems, Al was a sales leader at Absorb Software for 15 years.
  • During his tenure at Absorb Software, Al grew the sales operation from two people to a global sales group of over 50 employees before the company’s successful sale to WCAS in May of 2021.
  • “We are excited to have Al join our team,” said Mark Simner, CEO of TMA Systems.

AppHub Announces $95 Million Strategic Growth Investment From PSG and Acquisition of AI-Enhanced Search and Discovery Application Boost

Retrieved on: 
Tuesday, July 25, 2023

In conjunction with the investment, AppHub acquired Boost, an AI-powered search and discovery tool, to enhance its portfolio of software solutions that enable e-commerce merchants to launch, grow, and scale their businesses.

Key Points: 
  • In conjunction with the investment, AppHub acquired Boost, an AI-powered search and discovery tool, to enhance its portfolio of software solutions that enable e-commerce merchants to launch, grow, and scale their businesses.
  • Through AI-driven search, filtering, and product recommendations, Boost helps customers find what they're looking for, increasing conversion and AOV (average order value).
  • Boost is the ninth founder-led e-commerce application to join the AppHub suite since its founding in 2021 in collaboration with Silversmith.
  • Before Boost, AppHub completed its acquisition of REVIEWS.io , a leading online review and UCG management platform.

Silversmith Capital Partners Welcomes Julia Frenette as Operating Partner, Talent

Retrieved on: 
Wednesday, July 12, 2023

Silversmith Capital Partners , a growth equity firm focused on supporting the best entrepreneurs in technology and healthcare, today announced that Julia Frenette has joined the firm as Operating Partner, Talent.

Key Points: 
  • Silversmith Capital Partners , a growth equity firm focused on supporting the best entrepreneurs in technology and healthcare, today announced that Julia Frenette has joined the firm as Operating Partner, Talent.
  • In this newly created role, Julia will work closely with entrepreneurs and leaders across the Silversmith portfolio to identify and recruit senior executives and board members, and provide strategic support for the portfolio’s broader talent needs.
  • “We are thrilled to welcome Julia to help our portfolio companies expand their teams with world-class talent.
  • “I have learned throughout my career that culture can play a significant role in attracting and retaining great talent, and ultimately, company success,” said Frenette.

Silversmith Capital Partners Expands Advisory Board with Addition of Mike Owens as New Senior Advisor

Retrieved on: 
Tuesday, April 4, 2023

Silversmith Capital Partners , a growth equity firm focused on supporting the best entrepreneurs in technology and healthcare, today announced that Mike Owens , Founder and former CEO of Absorb Software , has joined the firm as a Senior Advisor.

Key Points: 
  • Silversmith Capital Partners , a growth equity firm focused on supporting the best entrepreneurs in technology and healthcare, today announced that Mike Owens , Founder and former CEO of Absorb Software , has joined the firm as a Senior Advisor.
  • As an entrepreneur who successfully transitioned a bootstrapped, founder-led Canadian-based company into a scaled global enterprise, Mike will provide strategic support to the Silversmith portfolio and the firm.
  • We are excited to have him join us as a Senior Advisor.
  • In his role as Senior Advisor, Mike will help the firm with identifying and supporting founder-led software businesses in Canada.

Impel Secures $104 Million Growth Investment led by Silversmith Capital Partners

Retrieved on: 
Tuesday, January 17, 2023

SYRACUSE, N.Y., Jan. 17, 2023 /PRNewswire-PRWeb/ -- Impel, the category creator in digital engagement software for automotive manufacturers, marketplaces and dealers, announced today that it has secured a $104 million growth investment led by Silversmith Capital Partners, a Boston-based growth equity firm, with participation from existing investor Wavecrest Growth Partners. The transaction validates the company's vision and track record of successful global execution as well as the significant opportunity for continued digital transformation in the auto industry. The funding will be used to accelerate company growth through product expansion and M&A activity to meet industry demand for automation and digital technology solutions.

Key Points: 
  • Impel, the category creator in digital engagement software for automotive manufacturers, marketplaces and dealers, announced today that it has secured a $104 million growth investment led by Silversmith Capital Partners, a Boston-based growth equity firm, with participation from existing investor Wavecrest Growth Partners.
  • SYRACUSE, N.Y., Jan. 17, 2023 /PRNewswire-PRWeb/ -- Impel , the category creator in digital engagement software for automotive manufacturers, marketplaces and dealers, announced today that it has secured a $104 million growth investment led by Silversmith Capital Partners , a Boston-based growth equity firm, with participation from existing investor Wavecrest Growth Partners .
  • Cowen Inc. acted as strategic advisor to Impel, and Mintz provided legal counsel to Impel on the transaction.
  • Kirkland & Ellis served as legal counsel to Silversmith Capital Partners.

JETNET Appoints Derek Swaim as their Chief Executive Officer

Retrieved on: 
Monday, January 9, 2023

UTICA, N.Y., Jan. 9, 2023 /PRNewswire-PRWeb/ -- JETNET, a leading provider of aviation data and market intelligence, today announced the appointment of Derek Swaim as Chief Executive Officer. Swaim has served as President and a member of the Board of Directors at JETNET since joining the company in August 2022.

Key Points: 
  • JETNET today announced the appointment of Derek Swaim as Chief Executive Officer.
  • Swaim has served as President and a member of the Board of Directors at JETNET since joining the company in August 2022.
  • UTICA, N.Y., Jan. 9, 2023 /PRNewswire-PRWeb/ -- JETNET , a leading provider of aviation data and market intelligence, today announced the appointment of Derek Swaim as Chief Executive Officer.
  • "I am honored to accept the position as Chief Executive Officer at JETNET," said Swaim.

Proven Optics Receives Growth Investment Led by Silversmith Capital Partners

Retrieved on: 
Tuesday, December 6, 2022

Proven Optics , a practitioner-founded Financial Management software company, today announced that is has secured a majority growth investment led by Silversmith Capital Partners , a Boston-based growth equity firm.

Key Points: 
  • Proven Optics , a practitioner-founded Financial Management software company, today announced that is has secured a majority growth investment led by Silversmith Capital Partners , a Boston-based growth equity firm.
  • Proven Optics has experienced significant organic growth since its founding in 2020 and is looking to hire across the organization.
  • Kirkland & Ellis served as legal counsel to Silversmith Capital Partners and Porter Wright served as legal counsel to Proven Optics.
  • Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $3.3 billion of capital under management.

Bryan Landerman Joins Silversmith Capital Partners as Operating Partner, Chief Technology Officer

Retrieved on: 
Thursday, October 6, 2022

Silversmith Capital Partners , a growth equity firm focused on supporting the best entrepreneurs in technology and healthcare, announced today that Bryan Landerman has joined the firm as Operating Partner, Chief Technology Officer (CTO).

Key Points: 
  • Silversmith Capital Partners , a growth equity firm focused on supporting the best entrepreneurs in technology and healthcare, announced today that Bryan Landerman has joined the firm as Operating Partner, Chief Technology Officer (CTO).
  • View the full release here: https://www.businesswire.com/news/home/20221006005070/en/
    We are thrilled to welcome Bryan to the partnership, said Silversmith Managing Partner, Todd MacLean.
  • As a technology strategist and three-time CTO, Bryan brings extensive experience helping organizations transform business operations, software delivery, and culture through technology innovation.
  • Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $3.3 billion of capital under management.