Sumeru Equity Partners Invests in Criteria Corp

Sumeru Equity Partners Leads $100M Strategic Investment in Ceros

July 23, 2020

Cloud & SaaS

Sumeru Equity Partners led a $100 million strategic growth investment in Ceros, a cloud-based interactive SaaS design platform, with participation from Ceros management and existing investors. The round closed in July 2020 and will support scaling the product, go-to-market efforts, and operational growth for the company.

Criteria Corp (Backed by Sumeru Equity Partners) Acquires Revelian

March 3, 2020

Software

Los Angeles-based Criteria Corp, a PE-backed SaaS employment assessment provider, has acquired Australia-based Revelian, a leader in emotional‑intelligence and game‑based assessments. The acquisition (terms not disclosed) adds Revelian’s Emotify and game-based tools to Criteria’s portfolio and supports accelerated global go‑to‑market and product investment.

Sumeru Equity Partners Acquires Majority Stake in SocialChorus

July 24, 2020

Cloud & SaaS

Sumeru Equity Partners led a $100 million investment to become the majority shareholder in SocialChorus, a workforce communications SaaS provider. Existing investors including Arrowroot Capital and Kohlberg Ventures remain significant investors (Arrowroot sold part of its stake while retaining a minority interest); the capital will be used to accelerate product investment, go-to-market expansion and continued growth.

Sumeru Equity Partners Acquires 3Gtms

April 17, 2019

Software

Sumeru Equity Partners (SEP), a technology-focused private equity firm, made a majority strategic investment in 3Gtms to accelerate growth and product innovation; terms were not disclosed. SEP will add principals Paul Mercadante, Sanjeet Mitra and Mark Haller to 3Gtms' board as part of the transaction, which closed in April 2019.

Sumeru Equity Partners Makes Majority Investment in beqom

April 12, 2022

Cloud & SaaS

beqom, a Switzerland-based provider of cloud compensation management software, received a $300 million strategic majority investment led by Sumeru Equity Partners (Fund IV) alongside limited partner co-investors. The capital will be used to accelerate product innovation and scale beqom’s global customer base; the transaction is expected to close in Q2 subject to customary conditions.

Sumeru Equity Partners Acquires JobNimbus in $330M Control Investment

November 13, 2024

Cloud & SaaS

Sumeru Equity Partners has made a $330 million control investment to acquire JobNimbus, a Lehi, Utah–headquartered SaaS provider for roofing and exterior contractors. The funding — supported by a senior credit facility arranged by Monroe Capital — will be used to scale product development (including AI features), expand the team, and accelerate growth; existing investors and founders will remain on the cap table and Sumeru will join the board.