Sunstone Partners has completed the acquisitions of Evergreen Systems, Cerna Solutions and Novo/Scale – creating the largest consulting provider focused exclusively on enabling the power of ServiceNow. Drake Star Partners provided financial advice to Sunstone Partners, while Outcome Capital advised Evergreen Systems and Clearsight Advisors advised Novo/Scale.
SAN MATEO, CALIFORNIA, JANUARY 26, 2021 – Sunstone Partners, a growth-oriented private equity firm focused on tech-enabled cloud services companies, announced it has completed the acquisitions of Evergreen Systems, Cerna Solutions, and Novo/Scale to create the largest independent consulting partner focused exclusively on enabling the power of ServiceNow across the enterprise. The combined company delivers extensive value to clients across all ServiceNow workflows, products and industries including financial, government, higher education, energy, manufacturing, pharmaceuticals, travel and hospitality, retail and insurance.
The combination of these three companies, coupled with the investment from Sunstone Partners, will accelerate growth, expand expertise and capabilities, support additional customer success initiatives and improve customers’ return-on-investment on the ServiceNow platform. Sunstone’s experience in the ServiceNow platform is extensive; this is the second investment in the space by the team, which previously invested in Fruition Partners (sold to Computer Sciences Corporation, now part of DXC Technology, in 2015) while at a prior firm.
“ServiceNow continues to grow rapidly and has become a vital enterprise platform that has elevated beyond IT management to delivering modern digital workflows that unlock productivity across the entire business,” said Mike Biggee, co-founder and managing director of Sunstone Partners. “Bringing together these three partners will allow ServiceNow clients to have access to unmatched breadth and depth of knowledge across the platform, and the entire Sunstone Partners team looks forward to playing a role in the future success of this new enterprise.”
All three organizations boast impressive ServiceNow workflow and product offerings. Collaboration between the businesses has commenced and joint expertise includes Customer Service Management (CSM), HR Service Delivery (HRSD), IT Asset Management (ITAM), IT Business Management (ITBM), IT Operations Management (ITOM), IT Service Management (ITSM), NOW Platform, Integrated Risk Management (IRM) and Security Operations.
An Elite ServiceNow partner, Evergreen Systems focuses on providing complete process management and technology solutions in the ServiceNow ecosystem. Evergreen is a ServiceNow thought leader validated by more than 4,000 successful customer engagements to date. “We are ecstatic to join the Sunstone Partners family—rated as one of the most founder-friendly PE firms by Inc magazine—and work alongside the brilliant minds at Cerna and Novo/Scale,” said Don Casson, chief executive officer of Evergreen.
Cerna Solutions is a trusted Elite ServiceNow partner founded with the primary focus of improving and innovating the way customers leverage the platform and protect their ServiceNow investment. “Cerna’s skillsets span the entire ServiceNow Platform, but in particular we are excited to bring our GRC and Security Operations capabilities to this group and be part of the largest ServiceNow pure play partner in the space,” stated Matt Kite, founder and chief executive officer of Cerna Solutions.
Novo/Scale is a Premier ServiceNow partner and has delivered over 1,000 projects focused on Managed Services, ITSM, ITOM, Integrations, Portal and several others. “Novo/Scale was built by ‘keeping it simple’ for our customers” adds Jeff Gregory, chief executive officer of Novo/Scale. “It is very exciting to join Evergreen and Cerna. Our companies have focused on the customer first and by combining our complementary offerings we will provide the best and most complete ServiceNow solutions for our customers.”
Drake Star Partners served as the lead financial advisor to Sunstone Partners. Outcome Capital acted as the exclusive financial advisor to Evergreen Systems and Clearsight Advisors acted as the exclusive financial advisor to Novo/Scale.
All companies will continue normal operations in their current locations. Transaction terms were not disclosed.