Additional capital to support company’s global expansion strategies
San Diego, CA – May 31, 2016 – HCAP Partners (formerly Huntington Capital), a California-based mezzanine debt and private equity firm, announced today that it has made a follow-on equity investment in Resolve Systems. This additional growth capital will be used to further accelerate Resolve System’s aggressive product and international expansion strategies. Tim Bubnack, Managing Partner, and Nicolas Lopez, Senior Associate, led the transaction for HCAP Partners. Mr. Bubnack will join the board of directors as part of this follow-on investment.
The Resolve platform focuses on accelerating the resolution of incidents within IT Operations, Service Desks, and Security Operations by combining Human Guided Automation, guided procedures and knowledge served up to users in an intuitive manner that enables organizations to deliver significantly improved service levels at a drastically reduced cost. The Resolve platform, available as a cloud solution, includes numerous unique capabilities that drive rapid time-to-value and return on investment including rich pre-built content and connectors to existing IT and security management infrastructure systems, incident resolution dashboards, and easy-to-use and “no code” automation and process design tools such as Automation Builder that enable quick and agile deployment.
“We are very happy to expand our partnership with HCAP Partners,” stated Martin Savitt, CEO of Resolve Systems. “This investment will enable us to further accelerate our already very successful product and international distribution strategies. With HCAP’s investment, we are in a better position to capitalize the momentum and growth that Resolve has and continues to experience globally. The perspective and advice from the team at HCAP will continue to be instrumental to the success of Resolve Systems and its employees.”
Tim Bubnack, Managing Partner, commented, “We have been very pleased with the execution of Resolve Systems’ go-to-market and product strategies and with the management teams’ ability to execute and to continue to drive double-digit growth. We look forward to continuing to work closely with Resolve's board and with Martin and his team and look forward to the continued growth and success of the Company.”
About Resolve Systems
Resolve Systems is the global leader in accelerating incident resolutions for IT operations, network operations, customer care centers and security operations. The Resolve platform enables organizations to accelerate incident resolution within IT Operations, Service Desks, and Security Operations by combining Human Guided Automation, guided procedures and knowledge served up to users in an incredibly intuitive manner that enables our clients to deliver significantly improved service levels at a drastically reduced costHeadquartered in Irvine, California with a rapidly growing EMEA operation based out of London, Resolve Systems continues to expand it’s incredible list of iconic Fortune 500 customers around the world. For more information, please visit www.resolvesystems.com.
About HCAP Partners
HCAP Partners (formerly Huntington Capital) was founded in 2000 and is a provider of mezzanine debt and private equity for underserved, lower-middle market companies throughout California and the Western United States. HCAP Partners seeks to invest $2 million to $9 million in established businesses in the healthcare, technology, services, and manufacturing industries generating between $10 million and $75 million in revenues. The firm has invested in over 50 companies since it was founded and proactively works with its portfolio companies to achieve favorable financial outcomes and measurable impact value creation. Partners Tim Bubnack, Morgan Miller, Frank Mora, and Hope Mago lead HCAP Partners’ management team. For more information, please visit www.hcapllc.com or call (858) 259-7654.