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Eventi Inc. Announces Sale of Ceryx Inc.

Posted on: May 10th, 2016 by the_author() ?>

TORONTO, April 18, 2016 /CNW/ – Eventi Inc., a Toronto-based growth capital investment group, specializing in high growth technologies, announced today the company has completed another successful exit through the sale of Ceryx Inc. to Dimension Data, delivering a strong return for its investors.

Tenzing Announces Leadership Change and Expanded Investment from Eventi Capital Partners

Posted on: September 1st, 2015 by the_author() ?>


Successful e-commerce Entrepreneur and Investor Bill Di Nardo to Assume CEO Role  

Tenzing Managed IT Services, the leading commerce managed service provider for mid-market retailers and merchants, is pleased to announce that it has appointed its chairman of the board of directors, Bill Di Nardo, as CEO. He will succeed Tenzing’s founder Brian Shepard, who will step down as CEO but remain a shareholder in the business.

Bill Di Nardo is a serial entrepreneur and venture investor with extensive experience building high performance teams and driving rapid revenue growth companies. He was the founder, president and CEO of e-commerce pioneer Grocery Gateway Inc., which under his leadership grew to more than 400 employees and annualized sales of close to $40 million at its peak. After leaving Grocery Gateway, Di Nardo moved from entrepreneur to investor by forming Eventi Capital Partners, an investment firm that specializes in the software/infrastructure-as-a-service (SaaS and IaaS) field with investments in companies like Tenzing and Ceryx.

“Tenzing welcomes Bill’s expertise and strong leadership into an operational role in the organization,” said Raj Atwal, president, Tenzing. “He has played an important leadership role on our board over the past 7 years and has provided sound strategic counsel.  We believe that his focus on long-term growth, strategic discipline and vast experience in growing companies, specifically in e-commerce, will serve Tenzing well in this exciting period of our history as a company.”

“I look forward to working with Raj and the leadership team to accelerate the growth of the business, expand the range of products and services available and continue helping retailers from around the world consume the most advanced etail technology platforms and applications,” said Bill Di Nardo, CEO and chairman, Tenzing. “On behalf of everyone at Tenzing, I want to thank Brian for the job he has done over the last 10 years.”

The leadership change supports Tenzing’s efforts in being an industry leader in commerce managed services supporting technology platforms like Oracle Commerce, SAP Hybris, and eBay Magento.

Expanded Investment from Eventi Capital Partners

Tenzing is also pleased to announce that long-time shareholder Eventi Capital Partners (ECP) has expanded its investment in the business as part of this transition.

“ECP has been an investor in our business for many years, and has provided strategic and operational guidance that has driven our transformation into a specialized managed service provider. The expanded investment in Tenzing shows that ECP has tremendous confidence in our business and is committed to our long-term success and growth,” continued Atwal.

INFOR Financial Inc. acted as the financial advisor to Tenzing Managed IT Services on the transaction.

About Tenzing Managed IT Services

Tenzing delivers solutions and services that enhance performance, maintain security and simplify compliance for retailers and manufacturers. By combining deep technical expertise with exceptional service delivery and support, Tenzing helps clients alleviate risk and maximize revenue from their digital investments. Tenzing deploys, manages and optimizes software and infrastructure for leading commerce platforms from partners such as Oracle, Hybris, Magento, and IBM. With offices and customers in the Americas, EMEA, and APAC, Tenzing is regularly recognized as a high-growth company and industry leader. Tenzing is ISO 27001 certified, AT101 SOC audited and a Level 1 compliant and audited PCI-DSS Service Provider. Tenzing also partners with Amazon for the global delivery of managed commerce services on AWS.

About Eventi Capital Partners

Eventi is a Toronto-based growth capital investment group, specializing in commercialization of rapid growth technologies. Founded in 2002, Eventi leverages the extensive operational and investment experience of its Managing Partners to enable management teams to scale their business more predictably.


Tenzing Ranked in the PROFIT 200 for 7th Consecutive Year

Posted on: January 28th, 2013 by the_author() ?>

Tenzing Managed IT Services (Tenzing), a leading provider of hosting solutions for Ecommerce System Integrators (SIs) and Software-as-a-Service (SaaS) providers, is proud to announce that the company has been included in the 24th annual PROFIT 200 list of Canada’s fastest-growing companies. Ranked 170, Tenzing has been on the PROFIT 200 list for seven consecutive years.

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Posted on: January 28th, 2013 by the_author() ?>

Ceryx has been named one of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in the 2012 Deloitte Technology Fast 500™ ranking in North America. “Making the Deloitte Technology Fast 500™ is another milestone for Ceryx,” said Gus Harsfai, CEO. “We attribute this strong growth to the focus and performance of our employees…

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Tenzing and Intershop Partner to Deliver Comprehensive, Cloud-based E-commerce Solutions

Posted on: March 14th, 2012 by the_author() ?>

Tenzing Managed IT Services (Tenzing), a leading provider of hosting solutions for E-commerce System Integrators (SIs) and Software-as-a-Service (SaaS) providers announced today it has partnered with Intershop Communications Inc., a premier provider of agile, multi-channel e-commerce solutions. Under the terms of the agreement, Tenzing will provide fully managed IT services tuned to support Intershop solutions. The partnership will initially focus on B2B and discreet manufacturing customers, as well as Intershop’s ISV (Independent Software Vendor) partners with a variety of fully managed services and hosting options.

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Ceryx and Global Relay Partner to Deliver Enterprise-Grade SaaS Messaging and Archiving Solution

Posted on: January 25th, 2012 by the_author() ?>

Ceryx Inc. and Global Relay – two industry leaders in email and archiving – have teamed together to deliver an end-to-end SaaS Messaging solution designed to provide a high performance, high availability alternative to costly, in-house messaging and archiving solutions.

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Ceryx Named Microsoft Hosting Solution Partner of the Year for the 2nd Year in a Row

Posted on: January 25th, 2012 by the_author() ?>

Microsoft made the announcement at the 2009 Microsoft Partner Network IMPACT Awards

Ceryx Inc, the leading managed service provider of enterprise-grade messaging, collaboration and unified communications, has been named Hosting Solutions Partner of the Year for the 2nd year in a row. Microsoft made the announcement at the 2009 Microsoft Partner Network IMPACT Awards.

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Tenzing a Hosting Solutions Partner of the Year Finalist in Microsoft Partner Network IMPACT Awards

Posted on: January 25th, 2012 by the_author() ?>

Tenzing announced that it has been selected as a finalist in the Hosting Solutions Partner of the Year category for the 2009 Microsoft Partner Network IMPACT Awards. The seventh annual IMPACT Awards recognize excellence within the Microsoft technology partner community in Canada as well as the innovative solutions and value they deliver to customers.

“Partners are the heart of Microsoft’s business and we’ve always relied upon a their commitment to innovation and customer service to provide the foundation for delivering solutions to the marketplace.” said Corinne Sharp, National Director, Canadian Partner channel, Microsoft Canada Co. “We are happy to celebrate the accomplishments of industry leaders like Tenzing at the Microsoft Partner Network IMPACT Awards.”

Tenzing was chosen as a finalist in Hosting Solutions Partner of the Year for work to establish a Software-as-a-Service (SaaS) Enablement Service for Independent Software Vendors (ISVs). As the first and only Microsoft Software + Solutions Incubation Partner in Canada, Tenzing worked with customer, ONE EIGHTY CORP, to migrate their SaaS application to an enterprise-class hosting platform with integrated disaster recovery in an astounding 22 days.

“We are pleased to receive this recognition as Finalist for Hosting Solutions Partner of the Year”, said Brian Shepard, President and CEO of Tenzing. “Tenzing is a long standing Microsoft Gold Partner and committed to the Software + Services Incubation Center program that is helping ISVs make the sometimes challenging move to SaaS.

Tenzing, along with other technology partner winners and finalists in each of the award categories, will be honoured at an award ceremony in Toronto on November 12, 2009.

Tenzing Earns SAS 70 Type II Designation for its SaaS and Ecommerce Hosting Platform

Posted on: January 25th, 2012 by the_author() ?>

Tenzing Managed IT Services, a leading provider of hosting solutions for Software as a Service (SaaS) companies and Ecommerce systems integrators, today announced it has successfully completed the Statement on Auditing Standards No. 70 (SAS 70) Type II, Service Organizations. Tenzing is now the only Canadian managed services provider to combine SAS 70 Type II, ISO 27001 and PCI information security certifications, enabling it to provide best-of-breed security and compliance controls to its clients.

SAS Type II audits are important in today’s environment of increased business process outsourcing and Sarbanes-Oxley compliance. Completion of the SAS 70 Type II designation acknowledges that Tenzing’s processes and controls have been evaluated and tested by an independent service auditor: PricewaterhouseCoopers.

“Our customers serve some of the world’s biggest brands and they trust Tenzing to provide a secure, enterprise-ready hosting platform to run their mission critical applications,” says Kelly Beardmore, Tenzing’s COO and CTO. “The successful completion of our SAS70 Type II audit along with the ISO 27001 Information Security certification highlights Tenzing’s commitment to exceed the rigorous expectations of our SaaS and Ecommerce clients.”

The audit – which was carried out from April 1, 2009 to September 30, 2009 – examined Tenzing’s internal processes and controls over its Toronto and Vancouver data centres. The control categories included: organization and security; asset management; human resources; physical security and environmental controls; operations management; access control; change management; and information security.

Developed by the American Institute of Certified Public Accountants (AICPA), the SAS 70 Type II is a widely recognized auditing standard, and reinforces that a service organization has been through an in-depth audit of their control objectives and control activities, which often includes controls over information technology and related processes.