Private equity investment firm Sverica Capital Management (Sverica) has made an investment in Cytracom, a provider of cloud-based unified communications (UCaaS) software and solutions built exclusively for the Managed Service Provider (MSP) channel.Based in Dallas, TX, Cytracom has over two thousand MSP partners throughout North America. As the move to the cloud continues, Cytracom’s UCaaS offering enables its partners to expand their service portfolios and provide true end-to-end managed IT services. The Company plans to invest further into features that empower its MSP partners to better sell, support, and manage UCaaS for their customers.
“Our focus has always been on enabling MSPs to deliver best-of-breed cloud-based voice and messaging solutions,” says Zane Conkle, co-founder and CEO of Cytracom. “A huge driver of our growth has been our transformation into a truly comprehensive UCaaS offering. This investment from Sverica allows us to accelerate our growth and empower more partners with a leading channel-only UCaaS solution for their portfolio.”
The senior management team, including co-founder and CEO Zane Conkle, will continue to lead the Company. Frank Young, Managing Partner at Sverica, along with Michael Dougherty, Vice President at Sverica, will join Cytracom’s Board of Directors.
“Through its commitment to innovation and reputation for reliability, Cytracom has positioned itself to take advantage of the tremendous market opportunity and widespread adoption of cloud communication solutions,” says Frank Young. “We look forward to partnering with Cytracom’s senior leadership as they drive the Company through the next phase of growth.”