Archive for the ‘Uncategorized’ Category

Pivotree Unites Key Ecommerce Practices Globally Under One Banner

Posted on: November 26th, 2019 by the_author() ?>

Pivotree brings together three leading ecommerce providers – Tenzing, Spark::red and Thinkwrap, uniting diverse commerce expertise into a distinctive, valuable, harmonized service.

TORONTO MARCH 20, 2019 – Pivotree today introduced a new trade name to unify its group of companies, setting itself apart as a new and formidable competitor in the sector of Commerce Service Providers.

“The current rate and magnitude of technological change places companies at a crossroads: keep up, or get left behind,” stated Bill DiNardo, CEO, Pivotree. “The people who work at Pivotree are uncommonly motivated to help clients who find themselves at this digital crossroads. Clients who need to extract every last dollar of value from installed IT, while simultaneously upgrading capabilities and maintaining uptime.”

“At Pivotree we modify and stretch your existing resources, new systems and ongoing innovation to help your company reach new heights and grow,” continued DiNardo. “There is no magic solution in-a-box, just clear strategy, astute technology and an uncommon will to adapt relentlessly, keeping our clients’ companies ahead and winning.”

“Working with the best available MDM and ecommerce platforms such as SAP, Oracle, Magento, and other leading solutions, we are the only end-to-end provider that supports clients from strategy and platform selection through deployment, hosting and ongoing support,” said Russell Moore, COO, Managed Services. “But it takes more than technology and tangible assets to realize an effective ecommerce strategy. It requires the wisdom of having worked with multiple platforms across multiple sectors and an attitude of relentless adaptation.”

“We see the vast and complex relationship between commerce, technology and people and how it might connect us more meaningfully in the future,” said Joanne Desforges, COO, Professional Services. “Knowledge acquired through ecommerce is the root of customer relationships, and a critical component of the commerce ecosystem for high-performing companies. Pivotree offers a full suite of data management services to help companies earn the greatest value from their customer relationships. Ecommerce done right isn’t a channel, it’s a source of competitive advantage.”

“We have a rare team of motivated experts at Pivotree,” concluded DiNardo. “People who know adaptation isn’t a choice, it’s the only way to win. That spirit will drive us to innovate and integrate machine learning, headless UI, connections of online and offline experiences with whatever else we need to invent or adapt to help our clients earn deeper, more valuable relationships with their customers.”

About Pivotree

Pivotree is a leading Global Commerce Services Provider. It is the only end-to-end vendor supporting clients from strategy, platform selection, deployment, and hosting through to ongoing support: a single expert resource to help companies succeed in an ever-changing digital commerce landscape. Pivotree solutions start with reliable, world-class Commerce and MDM platforms fitting a variety of client needs, situations, and budgets. Pivotree is a trusted partner to over 200 market-leading brands and forward-thinking B2C and B2B companies, including many Fortune 1000. With offices and customers in the Americas, EMEA, and APAC, Pivotree is widely recognized as a high-growth company and industry leader around the globe.

For more information, visit http://pivotree.com.

Eventi Announces: Tenzing, Thinkwrap, and Spark::Red Merge

Posted on: November 26th, 2019 by the_author() ?>

 

TENZING, THINKWRAP, AND SPARK::RED MERGE TO CREATE LEADING COMMERCE SERVICE PROVIDER

TORONTO, Feb. 13, 2018 – Tenzing is pleased to announce its merger with Thinkwrap Commerce and Spark::red. The transaction creates a global commerce and information management services firm, with offices and employees in North America, Europe, Asia, and Africa. The company’s head office will be in Toronto, Ontario.

The combined entity will be one of the largest premium Oracle Commerce ATG implementation and managed service providers in the world and a leading provider of SAP Hybris services. The new firm will offer unrivalled end-to-end commerce solutions and a broad array of products and services to accelerate enterprise retailers’ and merchants’ digital transformation.

“This is a landmark day for these three companies,” said Tenzing CEO Bill Di Nardo. “This merger brings together some of the most experienced ecommerce minds in North America and puts them into one room for the benefit of our customers and the marketplace as a whole. The pace of change in retail and commerce is staggering, and only accelerating. This business combination will enable us to invest in the types of innovation our customers expect and need to keep up with that rate of change.”

Since 2004, Ottawa-based Thinkwrap has delivered strategy, design, software development, and integration services to enterprise ecommerce companies worldwide like Aldo and Simons. Spark::red is the leading provider of high-end managed hosting for the Oracle Commerce platform serving well-known brands like Michael Kors and Vera Bradley. It was founded in 2007, and is headquartered in Redmond, Washington.

“This transaction puts us in a position to innovate quickly and build a leading suite of ecommerce applications and services,” said Steve Byrne, CEO of Thinkwrap. “The decision to work with Tenzing and Spark::red gives us access to some of the best people in the ecommerce industry, and creates a compelling holistic offering for our clients.”

“We think the combination is a perfect fit,” said Spark::red Co-founder Russell Moore. “Spark::red has always been a leader in providing premium Oracle Commerce services; this merger allows us to expand our platform expertise, including into the public cloud.”

Eventi Capital Partners led the Series D equity financing in support of this transaction, continuing its long-standing support of the company. Tenzing also worked with Layer7 Capital to secure supporting debt financing from BMO Bank of Montreal. Tenzing Chief Executive Officer Bill Di Nardo will remain as the CEO of the combined company. He will be supported by the senior management from all three companies, who are remaining with the combined entity as operators and shareholders.

The terms of the transaction were not disclosed. The deals closed in February 2018.

 

ABOUT TENZING
Tenzing deploys, manages and optimizes software and infrastructure for leading omnichannel and commerce platforms from partners such as Oracle Commerce, SAP Hybris, Intershop, Magento, and others. Tenzing provides solutions that enhance performance, maintain security and simplify compliance for leading retailers and manufacturers. Tenzing has offices and customers in the Americas, EMEA, and APAC, and is widely recognized as a high-growth company and industry leader. Learn more at www.Tenzing.com.

 

ABOUT THINKWRAP COMMERCE
Well-known brands turn to Thinkwrap Commerce to create strategic digital engagements when they want to grow revenue, increase online traffic, improve customer experience, grow a loyal customer base, achieve operational efficiencies and higher profits. From long-term strategic planning and well-architected design through robust development and ongoing optimization, we use the best available technologies to ensure our customers’ online success. We connect the online, in-store, mobile, social, call-center and warehouse; delivering a seamless omni-channel ecommerce experience. To learn more, visit www.thinkwrap.com. Thinkwrap is an SAP Hybris Gold Partner. In 2017 it was a finalist for SAP Hybris Most Innovative Partner of the Year, and a finalist for SAP Hybris Service Delivery Partner of the Year, Americas in 2016.

 

ABOUT SPARK::RED
Spark::red is a premier managed hosting provider specializing in the Oracle Commerce platform. Committed to industry best practices, we manage some of the highest revenue generating, most complex Oracle Commerce environments. We provide architect level support and deliver fully configured, secured, tuned and easily scalable hosting environments. Spark::red clients include multiple Fortune 1000 and IR Top 500 companies all over the world. Founded by Oracle Commerce architects in 2007, Spark:red has been delivering the platform specific services for nearly a decade. For more information visit www.sparkred.com.

 

ABOUT LAYER 7 CAPITAL
Layer 7 is a boutique investment bank focused on providing advisory services to companies within the Software-as-a-Service, Infrastructure-as-a-Service, Managed Services, Internet-of-Things and Artificial Intelligence / Robotics verticals. Visit www.layer7capital.com for more information.

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.

 

Eventi Capital Partners is Pleased to Announce The Sale of Visualase Inc. to Medtronic Inc.

Posted on: July 28th, 2014 by the_author() ?>

Toronto, ON (July 28, 2014) – Eventi Capital Partners, a Toronto-based growth capital investment firm specializing in high growth technologies in the IT and healthcare sectors, is pleased to announce the sale of Visualase Inc. to Medtronic Inc. in a deal valuing the company at approximately US$105 million.

Visualase is a privately held company based in Houston, Texas, that develops and sells a laser system for minimally invasive neurosurgery. The Visualase system is used to destroy, through minute drill holes, tissue that would otherwise be removed through invasive craniotomies. The Visualase technology has been used to treat more than 800 neurosurgical patients.

Eventi Capital Partners made its initial investment in Visualase in February 2009 with a follow-on round of financing made in May 2012. Since that time Visualase has been able to build out their core management team, broaden their device penetration in medical institutions, and expand their sales infrastructure geographically leading to exponential revenue growth.

“Our relationship with Visualase goes back over five years and has been a solid partnership with an outstanding management team led by CEO Bill Hoffman and COO and Co-founder Ashok Gowda. We saw great potential in the young firm and its team despite turbulent economic times in 2009, and are extremely proud to have played an active role as lead investor during the development and commercialization efforts,” said Scott Bryan, Managing Partner, Eventi Capital Partners. “The Visualase management team has successfully transitioned from an early stage enterprise to a mature and scalable venture and we are thrilled that the capital-efficient growth model employed has resulted in strong financial outcomes for the team as well as our investors.”

“We believe the transaction with Medtronic will help us bring our minimally invasive neurosurgical technology to an even a wider group of patients. Medtronic is recognized as the industry leader in neurosurgical solutions and we are proud to join their team,” said William Hoffman, Chief Executive Officer, Visualase. “We have had a very close partnership with Eventi over the past five years. Their hands-on financial and operational support helped Visualase to attain not only one of the most aggressive growth trajectories in the industry, but also one of the most cash-efficient commercial models.

The all-cash transaction of up to US$105 million includes an initial payment of US$70 million to Visualase’s shareholders plus the potential for an additional US$35 million in incremental revenue-based earn out payments. Proceeds from the sale will result in a multiple of invested capital of approximately 5.6 times for Eventi Capital Partners.

“Given that this marks the exit from our ownership position in Visualase, we believe it is important to recognize co-founder Dr. Roger McNichols, who passed away in 2012. Dr. McNichols was a brilliant colleague and a genuine friend to all who worked with him, and he is greatly missed,” concluded Bryan.

Leerink Partners LLC served as financial advisor and Miller, Egan, Molter & Nelson LLP served as legal advisor in the transaction.

 

About Eventi

Eventi Capital Partners is a Toronto-based growth capital investment group, specializing in commercialization of rapid growth technologies. Founded in 2002, Eventi Capital Partners leverages the extensive operational and investment experience of its Managing Partners to enable management teams to scale their business more predictably. Eventi invests in passionate entrepreneurs who possess deep domain expertise and are committed to building a scalable company that delivers exceptional value to its customers.

Scott Bryan, Managing Partner

Eventi Capital Partners

(416) 927-8887 ext. 102

www.eventi.com