Sverica Capital Management Announces Investment in Gorilla Logic
October 25, 2018
SAN FRANCISCO–(BUSINESS WIRE)–Sverica
Capital Management LP (“Sverica”), a private equity investment firm,
announced today that they have made an investment in Gorilla
Logic (“Gorilla Logic” or the “Company”). The investment marks
Sverica’s seventh platform investment from its fourth fund.
Based in Boulder, CO, Gorilla Logic provides software development and
consulting services through high-performance, distributed Agile teams
both onshore in the U.S. and nearshore from its development center in
Costa Rica. Gorilla
Logic’s capabilities include UI / UX design, front and back end
development, DevOps, QA, Security, IoT, and Big Data for both web and
mobile applications, with a cloud-first approach as a Microsoft Gold
Partner, and an Amazon Web Services (AWS) Consulting Partner.
Stu Stern, CEO and co-founder said “We are excited for Gorilla Logic to
enter into the next phase of growth and capitalize on the foundation
we’ve built as a leading provider of nearshore Agile software
development teams. Sverica has a track record of supporting companies at
our stage through continued growth, and they recognize the value of our
service offering as well as the strong culture of excellence that we’ve
built at the Company. We are pleased to have them as Partners.”
“We believe Gorilla Logic is well-positioned for continued growth given
the positive trends we see around the increasing proliferation and
importance of software applications, digital transformation, and the
adoption of DevOps and Agile software development methodologies. The
Company’s longstanding relationships with blue chip enterprise customers
signifies their ability to execute and truly become a strategic partner
for the software development organizations they serve,” said Frank
Young, Managing Partner at Sverica.
About Gorilla Logic
Gorilla Logic was founded in 2002 and is headquartered in Boulder, CO
with a nearshore software development center in San Jose, Costa Rica.
The Company employs nearly 300 software developers with a wide range of
full stack capabilities. Gorilla Logic partners with software
development organizations of enterprises to increase their success rate
and accelerate their time to market with purpose-built Agile software
development teams. For more information please visit www.gorillalogic.com
About Sverica
Sverica is a leading lower-middle-market-focused private equity firm
that has raised over $700 million of investment capital across four
funds. The firm acquires and actively builds companies that are, or
could become, leaders in their industries. Since 2001, Sverica has
maintained a “high touch” operating philosophy of taking an active role
in portfolio companies. Sverica devotes significant internal resources
to help its management teams develop and execute growth strategies. For
more information, please visit www.sverica.com
Contacts
Sverica Capital Management LP
Nathalie Allen, 415-249-4906
nathalie@sverica.com