Proven Optics Acquires brightfin's ServiceNow Enterprise Business from Periscope Equity

Proven Optics Acquires brightfin and Names Joel Martins CEO

January 7, 2026

Cloud & SaaS

Proven Optics has acquired brightfin to combine Proven Optics' IT financial management capabilities with brightfin's technology expense management solutions, and appointed Joel Martins as CEO of the combined organization. The deal (backed by majority investor Silversmith Capital Partners and with prior growth investment from ServiceNow) expands the platform's ServiceNow-native capabilities, customer support, and AI-enabled functionality for enterprise and public-sector customers.

Periscope Equity Launches brightfin from acquisitions of MobiChord, Visage and Mobile Solutions

May 4, 2021

Cloud & SaaS

Periscope Equity announced the launch of brightfin, a unified IT expense management platform formed from its recent acquisitions of MobiChord, Visage, and Mobile Solutions. brightfin offers a ServiceNow-native or SaaS solution to manage mobile, telecom and cloud expenses, consolidating technology and teams to accelerate integrations and expand ITFM capabilities for enterprise and government customers.

Proven Optics Acquires CloudGenera

August 12, 2024

Cloud & SaaS

Proven Optics, a ServiceNow-based IT financial management software company backed by Silversmith Capital Partners and with strategic investment from ServiceNow, has acquired CloudGenera, a vendor-agnostic cloud financial optimization and analytics provider. The acquisition is an add-on to expand Proven Optics’ cloud costing and IT decision-analysis capabilities and integrate CloudGenera’s AI-driven cloud forecasting and migration recommendation technology into Proven Optics’ platform.

Silversmith Capital Partners Leads Majority Growth Investment in Proven Optics

December 6, 2022

Cloud & SaaS

Silversmith Capital Partners led a majority growth investment in Proven Optics, a Columbus, Ohio-based IT financial management SaaS company founded by William Miller and Ben Perkins. The capital will be used to accelerate product development and expand sales and marketing; Silversmith has joined the company's board.

Renovus Capital Partners Acquires ProfitOptics

April 14, 2022

IT Services

Renovus Capital Partners has acquired ProfitOptics, a Richmond, Virginia-based digital transformation and technology services firm. Renovus plans to accelerate ProfitOptics’ growth by expanding technology capabilities, recruiting talent, and pursuing organic and inorganic expansion while leveraging the company as a Technology Services platform within its portfolio.

Virtusa Acquires BRIGHT

February 8, 2024

IT Services

Virtusa Corporation has acquired BRIGHT (Bright Consulting), a leading ServiceNow and Splunk partner in EMEA, to strengthen its ServiceNow and Splunk capabilities and expand its presence in Europe. Financial terms were not disclosed; BRIGHT brings roughly 100 consultants (about 70 ServiceNow and 30 Splunk specialists) and expertise in digitalization, SecOps, observability, and AI/ML analytics.