Performive secures major funding from Renovus Capital to drive IT service expansion

Performive, a managed IT services provider for mid-market enterprises, has recently secured a majority investment from Renovus Capital Partners.

The Philadelphia-based private equity firm’s investment is set to accelerate Performive’s growth through product innovation, customer experience enhancement, partner enablement, and strategic initiatives.

Founded in 2005, Performive has established itself as a crucial partner to thousands of customers by offering mission-critical services that help businesses scale securely and optimize their operations.

The company is known for its comprehensive managed IT solutions which include managed IT infrastructure, cloud solutions, and robust cybersecurity for mid-market companies. With a strong emphasis on technical expertise and customer success, Performive enables businesses to enhance their IT efficiency and achieve sustainable growth.

With the new funds, Performive plans to expand its solution offerings, grow its exceptional team, and pursue strategic acquisitions that align with its goal of delivering high-value, customer-focused services.

Gary Simat, co-founder and CEO of Performive, said “We’re incredibly proud of the foundation we’ve built at Performive and excited for what’s ahead.

“This partnership with Renovus is a pivotal moment that will fuel our continued innovation and allow us to enhance the customer experience and drive greater value for our clients. With this investment, we’re ready to accelerate our goal of becoming a leading MSP serving mid-market enterprises across the U.S.”

Jason Tanker, managing director at Renovus, also commented, “We built a thesis on investing in differentiated MSPs with highly recurring revenue, critical service offerings, and a relentless focus on customers, and Performive fits this profile perfectly.

“We see tremendous growth potential in Performive’s platform and are excited to partner with the team to accelerate the company’s expansion, both organically and inorganically.”

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