7Summits Receives Growth Investment from Sverica International Management, LLC
The following press release was originally published in December 2013.
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 that 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 is a Milwaukee-based digital solutions provider that uses the power of connected experiences and the Salesforce platform to unlock business value. Our clients benefit from the fact that community-led solutions empower customers, enable partners and unleash employees to build your business for you. Our highly collaborative approach strengthens client solutions by combining the expertise of strategic consultants, experience designers, technical developers and success specialists. And, our client solutions launch faster thanks to our Accelerator Library of configurable Salesforce Lightning applications. 7Summits is a platinum-level Salesforce Consulting Partner, a two-time recipient of Salesforce Venture funding, and recognized annually for its rapid growth and as a best place to work. For more information, visit www.7SummitsInc.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.