HCAP Partners Announces Exit of Portfolio Company Resolve Systems

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Resolve Systems Acquired by Institutional Investor Insight Venture Partners

HCAP’s support and advice were valuable to Resolve Systems and its employees

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 deployment of Resolve. The company is positioned well for growth and we look forward to their continued success.”

Solis Capital Partners is a private equity firm specializing in the lower middle-market. Headquartered in Newport Beach, CA, and with offices in San Diego, CA, Solis focuses on companies with revenues of $15 million to $100 million, typically in the service, niche manufacturing, and software sectors.

Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., acted as the exclusive financial advisor to Resolve Systems in connection with this transaction.

About HCAP Partners

HCAP Partners 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. The firm seeks to invest $2 million to $9 million in established businesses generating between $10 million and $75 million in revenues in the healthcare, software, services, and manufacturing industries. HCAP Partners has invested in over 50 companies since it was founded and through ongoing, active engagement with portfolio companies the team at HCAP Partners provides value-added resources to help optimize performance and increase enterprise value. The firm has been recognized as an ImpactAssets 50 fund four years running and, through its Gainful Jobs Approach, works to facilitate a positive impact on underserved businesses, their employees, and their communities through active portfolio engagement. Partners Tim Bubnack, Morgan Miller, Frank Mora, Hope Mago, and Nicolas Lopez lead HCAP Partners’ investment team. For more information, please visit http://www.hcapllc.com.

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