Investment Summary

Symmetric Capital Exits gryphon.ai

On November 12, 2019, growth capital firm Sverica invested in software company gryphon.ai from Symmetric Capital

Investment Highlights
  • This is Sverica’s 3rd transaction in the Software sector.
  • This is Sverica’s 29th transaction in the United States.
  • This is Sverica’s 1st transaction in Massachusetts.

Investment Summary

Date 2019-11-12
Target gryphon.ai
Sector Software
Investor(s) Sverica
Sellers(s) Symmetric Capital
Deal Type Secondary Buyout

Target

gryphon.ai

Boston, Massachusetts, United States
gryphon.ai is a provider of sales performance management and compliance software. The Company offers an enterprise-grade computer telephony integration platform that automatically screens, collects, and analyzes phone-based sales activity data from any device to transform activity into accurate, actionable sales insight that drives improved sales performance for many of the country’s top consumer-facing companies. gryphon.ai was founded in 1998 and is based in Boston, Massachusetts.

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Investor(S) 1

Investor

Sverica

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sverica Capital Management is a private equity firm that invests in stable or growing, smaller companies with valued less than $250 million. Sverica looks to commit $25 to $75 million per transaction and primarily targets buyout or divestiture situations and avoids businesses in need of restructuring. Broad areas of interest include IT, business services, healthcare, light manufacturing, and industrials. The Firm generally seeks majority control investments, but will also selectively consider minority situations. Sverica Capital Management was formed in 2001 and has offices in Boston and San Francisco.


DEAL STATS #
Overall 33 of 47
Sector: Software M&A 3 of 5
Type: Secondary Buyout M&A Deals 3 of 3
State: Massachusetts M&A 1 of 1
Country: United States M&A 29 of 43
Year: 2019 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 In Vitro Sciences

Avon, Connecticut, United States

In Vitro Sciences provides a network of fertility clinics. IVS practices operate from 17 offices including 4 in-vitro fertilization (“IVF”) labs. IVS clinics perform a full range of services including more than 5,000 annual IVF cycles, genetic testing, egg and embryo storage. In Vitro Sciences is based in Avon, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-27 Cytracom

Allen, Texas, United States

Cytracom is a provider of cloud-based unified communications (“UCaaS”) software and solutions built exclusively for the Managed Service Provider (“MSP”) channel. Cytracom delivers a UCaaS suite tailored to small and medium-sized business needs. Cytracom was established in 2008 and is based in Allen, Texas.

Buy -

Seller(S) 1

SELLER

Symmetric Capital

Burlington, Massachusetts, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 202M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Symmetric Capital is a private equity firm that invests in profitable growth companies in the US and Canada. Symmetric seeks to invest $5 to $25 million to help fund shareholder liquidity needs, growth, acquisitions, or debt reduction. Symmetric will consider majority or minority positions and typically looks for market-leading companies owned by their founders, a family, or small partnership. Sectors of interest include business services, healthcare and life sciences, software, IT services, applied technology, industrial products, education, logistics and distribution, and consumer products. Symmetric was formed in 2007 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 14 of 14
Sector: Software M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 3
State: Massachusetts M&A 2 of 2
Country: United States M&A 13 of 13
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 School Improvement Network

Midvale, Utah, United States

School Improvement Network is an online professional learning and teacher effectiveness company and partners with schools, districts, and educators throughout the United States, Canada, and overseas to increase student achievement.

Sell -