HCAP’s support and advice were valuable to Resolve Systems and its employees
San Diego, CA (PRWEB)
May 25, 2017
HCAP Partners, a California-based mezzanine debt and private equity firm, announced today the sale of Resolve Systems (Resolve), a leading provider of incident response and resolution software, to Insight Venture Partners. Terms of the transaction were not disclosed. Tim Bubnack, Managing Partner, and Nicolas Lopez, Principal, managed HCAP Partners’ investment with Resolve and were active with the Company as a board director and board observer, respectively.
Resolve Systems was founded in 2000 as primarily an IT services provider and value added reseller of IT operations and network management software. In December 2013, HCAP Partners provided the company with a mezzanine loan to accelerate the development and commercialization of the Company’s emerging IT process automation (ITPA) software platform called Resolve. HCAP later invested growth equity with Solis Capital Partners (Solis), the company’s lead investor. Since then, Resolve evolved significantly from its ITPA origins into a leading incident response and resolution software platform supporting the network, IT and security operations environments of leading Fortune 1000 enterprises throughout the world.
“HCAP’s support and advice were valuable to Resolve Systems and its employees,” stated Martin Savitt, CEO of Resolve Systems. “Their patience and ability to understand the software market enabled us to further accelerate our already very successful product, and allowed us to focus our strengths on such areas as international expansion and security.”
Tim Bubnack, Managing Partner, commented, “We were pleased to invest with Solis and work with Martin and his team to support the successful launch and…