7Summits, creator of online community experiences that transform businesses, announced today that it has received a significant growth investment from Sverica International Management, LLC.
Sverica International is a San Francisco-based private equity investment firm that invests in and actively builds companies that are leaders in their industries. 7Summits will use the investment as it continues to aggressively grow its business and expand into new markets. 7Summits also announced the appointment of board members from Sverica to advise and help guide the company’s expansion plans.
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. “Our company’s sustained year-over-year growth, expanding portfolio of marquee clients and today’s funding announcement all serve as proof that 7Summits’ solutions fulfill a key market need,” said Paul Stillmank, Chief Executive Officer of 7Summits. “7Summits’ market momentum is fueled by the proven value that social technologies afford organizations as they become more networked enterprises. Companies who leverage social networking both externally and internally are empowered to create, compete and innovate in completely new ways. We look forward to working with Sverica and leveraging their deep experience as we drive increased value for our customers with innovative social solutions.”
In its short history, 7Summits has served an impressive list of Fortune 500 organizations and established itself as a domain expert and leader in the rapidly growing social business technology and services market. The company has won numerous industry awards and received recognition for their groundbreaking work, including several Web Marketing Association W3 Awards, International Academy of Visual Arts Communicator Awards, America’s Business Excellence Forum Awards, Jive Software’s MVP Partner of the Year for 2012 and the Forrester Groundswell Award for Social Depth. 7Summits was also named one of the top 20 social media firms in the United States by SocialAppsHQ and to the Metropolitan Milwaukee Association of Commerce’s Future 50 list for the second consecutive year.
“We are impressed by the talented team of social business experts, the strong client relationships and the proven track record of quality work that 7Summits has built in its short history,” said Jordan Richards, Managing Director at Sverica International. “7Summits has demonstrated an impressive level of sustained growth while driving strong bottom-line performance, 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 the 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 http://7sprev.rcdemosites.com.
About Sverica International Management, LLC
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 http://www.sverica.com.
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