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Renovus Capital Partners, a private equity firm based in the Philadelphia area, is excited to announce its majority investment in Performive, a leading provider of managed IT services for mid-market enterprises. The investment will enable Performive to accelerate its growth across product innovation, customer experience enhancement, partner enablement, and other strategic initiatives. Founded in 2005, Performive is a managed services provider focused on cloud services, infrastructure services, and cybersecurity. The Company prides itself on offering mission critical services to its thousands of customers, helping them scale, secure their environments, and optimize their operations, and is well-recognized in the industry for its technical expertise and exceptional service. The strategic investment from Renovus will enable Performive to continue to build out its solution offerings, grow its best-in-class team, and pursue acquisitions that align with its commitment to delivering high value, customer-focused services. "We're incredibly proud of the foundation we've built at Performive and excited for what's ahead," said Gary Simat, Co-Founder and CEO of Performive. "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." "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," said Jason Tanker, Managing Director at Renovus. "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." Performive is Renovus' first platform out of Renovus IV, which launched in October 2024 with $875 million of total commitments. Layer 7 Capital served as exclusive financial advisor and McDermott Will & Emery served as legal counsel for Performive. DLA Piper served as legal counsel for Renovus. About Performive Founded in 2005, Performive is a leading managed IT services provider, specializing in managed IT infrastructure, cloud solutions, and cybersecurity for mid-market enterprises. With deep technical expertise and a relentless focus on customer success, Performive empowers businesses to optimize their IT operations and achieve sustainable growth.

MODIFI captures $15m investment to expand SME exports in Asia

MODIFI, a leader in B2B Buy Now, Pay Later (BNPL) solutions, recently announced a substantial $15m investment.

Easy Home Finance secures $35m in latest funding round

Easy Home Finance, a home financing startup, has successfully secured a fresh injection of $35m in a funding round.
AI

AI Federated Learning: Transforming the approach to combat financial crime

Less than 1% of actual illicit transactions are detected globally. This startling statistic exposes the vulnerabilities of financial firms to increasingly sophisticated criminal networks,...

How continuous KYC can stop 75% of undetected money mules

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Customs Window secures €800k to enhance RegTech solutions

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In the insurance sector, streamlined integration of systems is critical for optimising workflows, advancing risk management, and fostering seamless collaboration across departments. Despite the wide availability of various systems, insurers often face significant challenges in ensuring these technologies work together effectively. Risk Control Technologies explains why an integration accelerator can play a key role by making it easier and faster to connect essential functions like Loss Control, Underwriting, and IT, bringing measurable benefits to each.

How integration accelerators are transforming insurance workflows

In the insurance sector, streamlined integration of systems is critical for optimising workflows, advancing risk management, and fostering seamless collaboration across departments. Despite the...
Kaizen

Kaizen secures £42m in first external funding round led by Guidepost Growth Equity

Kaizen has successfully completed its first external funding round, securing a £42m investment from Guidepost Growth Equity. This marks a significant milestone for the...
Pacific Life Re, a global reinsurance provider, has partnered with Kakao Pay to deliver digital life insurance solutions to consumers in South Korea.

Pacific Life Re and Kakao Pay partner to transform South Korea’s life insurance market

Pacific Life Re, a global reinsurance provider, has partnered with Kakao Pay to deliver digital life insurance solutions to consumers in South Korea. The collaboration...
FCA

FCA unveils measures to enhance transparency and support investment growth

The FCA has announced a comprehensive suite of measures aimed at reinforcing the UK's position as a frontrunner in the financial markets, specifically focusing...
APP

How will the new APP scam protections impact APP fraud?

A big challenge currently in the financial industry is the rise of authorised push payment fraud (APP). The Payment Systems Regulator (PSR) recently introduced new legislation on 7 October to combat this. How will this legislation impact fraud in authorised push payments?
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What do financial services companies need to know about carbon accounting?

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Tranched secures $3.4m funding to revolutionize asset-based financing with blockchain

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