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Cohere Capital Completes Strategic Growth Investment in Promevo, a Leading Google Focused IT Solutions Provider
Admin Jul 12, 2021
*Original Article published on BusinessWire
BOSTON--(BUSINESS WIRE)--Cohere Capital, a Boston-based private equity firm focused on investing in leading tech-enabled middle market companies, announced that it has made a strategic growth investment in Burlington, Kentucky-based Promevo. Promevo is a leading provider of IT services, solutions, and software focused on Google Workspace, Chrome, and Cloud Platform (GCP) technologies. As a Premier Google Partner, Promevo offers its clients resale, services, and solutions leveraging its proprietary management software product, gPanel®. gPanel® is a comprehensive management and reporting software solution which helps clients manage users, documents, reporting, automation, and security in an easy-to-use interface specifically built for Google Workspace.
“We couldn’t be more excited about the next stage of growth for this business and team.”
The investment and partnership from Cohere will allow Promevo to continue to grow its service offerings and further develop innovative software and service solutions for businesses operating on the Google technology ecosystem.
Tom Mason and Aaron Gumz, Co-Founders of Promevo, commented, “After serving customers in the Google ecosystem for nearly two decades, we are uniquely positioned to provide differentiated and innovative software enabled solutions to help clients manage the full suite of Google technology. We are excited to partner with Cohere to continue to grow our relationship with Google and our capability set to better serve our customers.”
Nik Shah, Cohere Capital Managing Partner and Co-Founder, added, “We are thrilled to be working with Tom, Aaron, and the rest of the Promevo team to help drive their growth with Google and the customers they serve.” Daniel Gedney, Cohere Capital Principal and Co-Founder, added, “We couldn’t be more excited about the next stage of growth for this business and team.”
Promevo was represented in this transaction by martinwolf, a leading M&A advisory firm serving the IT industry.
Promevo is a Premier Google Partner that offers Workspace, Chrome, and Cloud Platform (GCP) services, solutions, and software to help clients navigate, monitor, and optimize their Google technology infrastructure. For more information, visit: www.promevo.com
About Cohere Capital
Cohere Capital is a Boston-based private equity firm focused exclusively on middle market growth companies. Cohere Capital has a flexible mandate across growth markets, but primarily targets recapitalizations and growth investments in rapidly growing technology-enabled services companies. For more information, visit: www.coherecapital.com.