Silversmith Capital Partners Leads Majority Growth Investment in Proven Optics

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.

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.

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

January 27, 2026

IT Services

Proven Optics, backed by Silversmith Capital Partners, has acquired brightfin's ServiceNow-native enterprise business from Periscope Equity. Periscope will retain and reintroduce Mobile Solutions as a standalone, mid-market-focused platform and has named Chebem Chukwu as CEO as it pursues organic growth and add-on acquisitions.

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.

Silversmith Capital Partners Leads Majority Growth Investment in JETNET

July 19, 2022

Data & Analytics

JETNET, a provider of aviation data and market intelligence headquartered in Utica, NY, secured a majority growth investment led by Boston-based growth equity firm Silversmith Capital Partners. The partnership will fund expansion of JETNET's product footprint, sales and marketing, and team scaling as the company pursues global growth.

Main Street Capital Recapitalizes I-deal Optics

December 22, 2021

Consumer Products

Main Street Capital Holdings, LLC completed a recapitalization of its portfolio company I-deal Optics, Inc. in partnership with the company's management to provide liquidity and support continued growth. I-deal Optics is a wholesale supplier of prescription eyeglass frames with national reach and a diverse brand portfolio.