Private equity firm Sverica said Wednesday that it has made an investment in 7Summits. No financial terms were disclosed. Headquartered in Milwaukee, 7Summits is a provider of social business consulting and agency services.
SAN FRANCISCO–(BUSINESS WIRE)–Sverica International Management LLC (“Sverica”), a private equity investment firm, announced today that it has made a growth equity investment in 7Summits, LLC (“7Summits”), a rapid growth company with headquarters in Milwaukee, Wisconsin. 7Summits is a leading provider of social business consulting and agency services, assisting clients to transform their businesses and drive results through online community creation, activation and adoption. Among the many awards the Company has received since its founding in 2009, 7Summits was recognized as Jive Software’s MVP – Partner of the Year for 2012.
In its short history, 7Summits has served an impressive list of large Fortune 500 organizations and established itself as a domain expert and leader in the rapidly growing market for social business technology and services. “Companies are looking to leverage social networking to transform their business across every functional area as we help them to engage their employees, partners and customers to help build their business,” commented Paul Stillmank, Chief Executive Officer of 7Summits. “We look forward to working with Sverica and leveraging their deep experience as we continue to aggressively grow our business and expand into new markets.”
Jordan Richards, Managing Director at Sverica, added: “We are impressed by the talented team of social business experts, the strong client relationships, and the track record of quality work product that 7Summits has built in its short history. 7Summits has demonstrated an impressive level of sustained growth while driving profitability, making the company a great addition to our portfolio. We are excited to partner with Paul and his management team to expand 7Summits’ leadership position in this nascent market and capitalize on growing demand for social business solutions.”
7Summits LLC is a social business solutions provider founded in 2009 to help companies engage customers, partners and employees to help grow their businesses. 7Summits delivers top line revenue growth and bottom-line productivity improvement by focusing on both consumer influence and employee collaboration. The Company works with dozens of Fortune 500 brands to transform key business processes and become more fully networked enterprises. 7Summits offers deep expertise in social business strategy, community experience design, platform development and integration, as well as community activation. 7Summits is headquartered in Milwaukee, Wisconsin. For more information, please visit www.7summitsagency.com.
About Sverica International
Sverica International is a leading private equity firm that has raised over $425 million of investment capital across three funds. The firm acquires, invests in and actively builds companies that are, or could become, leaders in their industries. Since 1993 Sverica has maintained a “high touch” operating philosophy of taking an active role in portfolio companies. Sverica devotes significant internal resources to help its management teams develop and execute growth strategies. For more information, please visit www.sverica.com.