BOSTON–(BUSINESS WIRE)–BV Investment Partners (“BV”), a middle-market private equity firm focused on business services, software, and IT services sectors, today announced that it has made a significant investment in sister companies, GlideFast Consulting and Pharicode, two Elite ServiceNow partners. With this investment, both companies set their sights on becoming ServiceNow (NYSE:NOW) Global Elite partners. Transact Capital Partners LLC served as the exclusive financial advisor to GlideFast and Pharicode in connection with the transactions. Citizens Bank served as the financial advisor to BV with the transactions.
Matt Kinsey, Senior Managing Director of BV Investment Partners, said, “GlideFast Consulting and Pharicode have exceptional reputations and teams that are well positioned to capitalize on the growing, global demand for ServiceNow’s solutions. We’re excited to partner with the founders of both companies to help accelerate growth.”
The two sister companies, GlideFast Consulting and Pharicode, were both founded by Lloyd Godson, Michael Lombardo, and Stephen Light. Since inception, GlideFast Consulting and Pharicode have grown rapidly to serve enterprise, commercial, and public sector customers. Within three years, GlideFast Consulting has become a ServiceNow Elite partner and recognized as #341 on the Inc. 5000 list of the 2020 fastest-growing companies in the United States. Pharicode became a ServiceNow Elite partner in 2020.
BV is Boston-based and one of the oldest and most experienced sector-focused private equity firms in North America. This is BV’s first investment in companies within the ServiceNow ecosystem. A Board of Directors will be formed to advise both companies and Chris Michalak will join the board. Chris Michalak is the former Chief Executive Officer and a Director of Alight, a privately held information technology and services company that serves 50% of the Fortune 500.
“We have an exciting vision for the future of both GlideFast and Pharicode, and we look forward to leveraging BV to help us scale faster and solidify ourselves as the top partners in the industry. Our commitment has always been, and always will be, to the success of our customers and our team,” says Michael Lombardo, CEO of GlideFast and Chief Talent Officer at Pharicode.
“We pride ourselves in providing top-tier services to our customers and now we can better execute our plans to position Pharicode as a top ranking ServiceNow partner in the public sector space,” says Stephen Light, CEO of Pharicode and Chief Public Sector Officer at GlideFast Consulting.
GlideFast Consulting is already expanding into global markets. To achieve this goal of becoming Global Elite Partners in the ServiceNow ecosystem, GlideFast Consulting is now operational to work with customers in Canada as “GlideFast Canada.”
“With the support of BV, both companies can continue to provide exceptional client services and innovative ServiceNow solutions to enterprise and public sector organizations in North America and beyond,” says Lloyd Godson, President of GlideFast Consulting and Pharicode.
About GlideFast Consulting
GlideFast, LLC is a ServiceNow Elite Partner and professional services firm that provides tailored solutions and professional services for ServiceNow implementations, integrations, managed support services, application development, and training. Learn more at www.glidefast.com.
Pharicode, LLC is a ServiceNow Elite partner that provides cutting edge technology services, managed services, and staff augmentation to public sector organizations. Their service mobilizes the right people, skills and technologies to help organizations improve their performance in the realms of software development, engineering, cloud solutions, process improvement, and sustainment support. Learn more at www.pharicode.com
About BV Investment Partners
BV Investment Partners is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested approximately $3.7 billion, actively targeting investments in the business services, software and IT services industries. For more information, please visit www.bvlp.com.
About Transact Capital Partners LLC
Founded in 2001, Transact Capital Partners, LLC is an independent, merger & acquisition advisory firm headquartered in Richmond, VA, with additional offices in the Midwest and Southeast. Transact provides financial advisory services for privately-owned companies, including company sales, recapitalizations, corporate carve outs, management buyouts, acquisitions, corporate valuations and business consulting. Transact serves clients in a wide range of industries, including healthcare, business services, manufacturing, consumer products, IT-based software providers and logistics/transportation services. For additional information please visit www.TransactCapital.com. Securities are offered through Transact Capital Securities, LLC a wholly-owned Affiliate of Transact Capital Partners LLC, and member FINRA & SIPC.