Investment Summary

Summit Partners Invests In Continuum Managed Services

On September 1, 2011, growth capital firm Summit Partners invested in information technology company Continuum Managed Services

Investment Highlights
  • This is Summit Partners’ 18th transaction in the Information Technology sector.
  • This is Summit Partners’ 203rd transaction in the United States.
  • This is Summit Partners’ 27th transaction in Massachusetts.
Investment Fate
  • Continuum Managed Services was sold to a consortium of financial buyers in 2017.
  • Continuum Managed Services was sold to a strategic buyer in 2019.

Investment Summary

Date 2011-09-01
Target Continuum Managed Services
Sector Information Technology
Investor(s) Summit Partners
Deal Type Growth Capital

Target

Continuum Managed Services

Boston, Massachusetts, United States
Continuum Managed Services LLC is a managed IT service providers, giving them the technology platform, services and processes they need to simplify IT management and deliver exceptional service to their small and medium-sized clients. Continuum Managed Services LLC was established in 2011 and is headquartered in Boston, Massachusetts.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 223 of 415
Sector: Information Technology M&A 18 of 44
Type: Growth Capital M&A Deals 137 of 237
State: Massachusetts M&A 27 of 44
Country: United States M&A 203 of 335
Year: 2011 M&A 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Access

Peabody, Massachusetts, United States

Access is a records and information management (RIM) services provider in the United States. Access' complete suite of services includes records storage and document management in both hardcopy and digital formats, data protection (electronic computer media), secure destruction, digital document conversion and breach reporting services. Access was founded in 2004 and is based in Peabody, Massachusetts.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-20 CareCentrix

Hartford, Connecticut, United States

CareCentrix provides specialty benefit management services to health plans, improving quality and reducing costs in several areas of home-based healthcare such as home nursing, home medical equipment, home drug infusion, sleep diagnostic tests and hospital readmissions. CareCentrix was founded in 1996 and is based in Hartford, Connecticut.

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