Sverica Invests in Gryphon Networks

Sverica Capital Management has made an investment in Gryphon Networks, a provider of sales performance management and compliance software.

Boston-headquartered Gryphon is a provider of cloud-based software systems that are used to screen, collect, and analyze phone-based sales activity data from any device, and transform the data into actionable sales information in order to improve sales performance.

“Gryphon’s SaaS solutions are well-positioned in the fast-growing sales performance management and compliance markets,” said Jordan Richards, a managing partner at Sverica. “We have been impressed with the results they have driven for their customers and are looking forward to partnering with management, building on their success and creating a company that has the potential to lead the category.”

Gryphon’s products are purpose-built for consumer-facing companies with large, distributed sales teams. Gryphon, led by CEO Jeff Fotta, has more than 300 customers including some of the largest banks, brokerage, insurance, and consumer services firms, many of which are members of the Fortune 100.

“Gryphon addresses key challenges facing sales executives today, namely capturing sales activity that is not simply self-reported, connecting activity to results, and protecting their brands with compliant communications,” said Ryan Harstad, a partner at Sverica. “We are excited to collaborate with Jeff and the Gryphon team to drive ROI for Gryphon’s growing base of customers.”

“Gryphon has independently developed into a significant player in the sales performance management industry,” said Mr. Fotta. “With Sverica, I am excited to have Jordan Richards and Ryan Harstad as experienced partners who understand and support our vision. We are looking forward to entering a new phase of growth and broadening our award-winning sales intelligence platform. Sverica will provide the essential direction and resources for Gryphon to continuously add strategic value for our customers.”

Sverica invests from $10 million to $40 million in US or Canadian-based companies with enterprise values up to $150 million. Sectors of interest include technology, business services, healthcare and high-value industrial products. In October 2019, after just three months in the market, Sverica held a first and final close of its fifth fund, Sverica Capital Partners V LP. The new fund was oversubscribed and closed at its hard cap with $450 million of capital commitments. Sverica has offices in Boston and San Francisco.

Canaccord Genuity was the financial advisor to Gryphon Networks on this transaction.

© 2019 Private Equity Professional | November 13, 2019

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