Cytracom, a provider of cloud-based voice and messaging solutions built exclusively for Managed Service Providers (MSPs), has announced a majority investment from Sverica Capital Management LP, a private equity investment firm based in San Francisco and Boston, the company said.
New purpose-built integrations, features and offerings planned for MSPs in 2020 will further simplify delivery of the service to their customers. The company´s theme for the year is to “Empower the Partner.”
The senior management team including co-founder and CEO Zane Conkle will continue to lead the company. Frank Young, General Partner at Sverica, along with Michael Dougherty, Vice President at Sverica, will join Cytracom´s board of directors.
Bankstreet served as exclusive financial advisor to Cytracom in connection with this transaction.
Sverica Capital Management is a growth-oriented private equity firm that has raised over USD 1.1 billion across five funds. The firm acquires, invests in and actively builds companies that are, or could become, leaders in their industries. For more information, visit www.sverica.com.
Cytracom makes voice and messaging simple–simple to sell and simple to use. With a reliable platform built on flexible, cloud-based technology, Cytracom delivers a UCaaS suite tailored to small business needs. A 100% channel-driven model brings its nationwide partners directly to customers, providing the ease and comfort of working with local, trusted managed service providers. To learn more visit cytracom.com.