HCAP Partners Announces Exit of Portfolio Company Resolve Systems

San Diego, CA (PRWEB) May 25, 2017

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.

Read the full story at http://www.prweb.com/releases/2017/05/prweb14370275.htm

Media Advisory – Minister Joly to Make an Announcement About Saint-Jean-Baptiste Day, Fête Nationale du Québec et de la Francophonie Canadienne

Media Advisory – Minister Joly to Make an Announcement About Saint-Jean-Baptiste Day, Fête Nationale du Québec et de la Francophonie Canadienne

Canada NewsWire

The Government of Canada supports a series of events on June 24 to celebrate Saint-Jean-Baptiste Day, Fête nationale du Québec et de la Francophonie canadienne

QUÉBEC CITY, May 25, 2017 /CNW/ – The Honourable Mélanie Joly, Minister of Canadian Heritage, will make a funding announcement on Friday about celebrations for Saint-Jean-Baptiste Day, Fête nationale du Québec et de la Francophonie canadienne on June 24 in partnership with the Centre de la francophonie des Amériques.

Please note that all details are subject to change. All times are local.

The details are as follows:

DATE:

Friday, May 26, 2017

TIME:

10:00 a.m.

PLACE:
Chapel of the Musée de l’Amérique francophone
2 Côte de la Fabrique
Québec City, Quebec

 

SOURCE Canadian Heritage

View original content: http://www.newswire.ca/en/releases/archive/May2017/25/c4814.html

UPDATE – Media Advisory – Itinerary for the Prime Minister, Justin Trudeau, for Friday, May 26 and Saturday, May 27, 2017

UPDATE – Media Advisory – Itinerary for the Prime Minister, Justin Trudeau, for Friday, May 26 and Saturday, May 27, 2017

Canada NewsWire

OTTAWA, May 25, 2017 /CNW/ – Itinerary for the Prime Minister, Justin Trudeau, for Friday, May 26 and Saturday, May 27, 2017:

 



Friday, May 26, 2017


Sigonella, Italy

1:25 a.m.

The Prime Minister will arrive in Sigonella, Italy

Sigonella Military Airport               


Note for media:

  • Pooled photo opportunity of arrival


Taormina, Italy

10:30 a.m.

The Prime Minister will meet with the President of the French Republic.

San Domenico Palace Hotel

Taormina, Italy


Note for media:

  • Pooled photo opportunity

11:30 a.m. 

The Prime Minister will attend the welcoming ceremony for the 43rd G7 summit.

Greek Theatre of Taormina

Taormina, Italy


Note for media:

  • Pooled photo opportunity

12:15 p.m. 

The Prime Minister will take part in the G7 Family Photo

Greek Theatre of Taormina

Taormina, Italy


Note for media:

  • Pooled photo opportunity

12:30 p.m. 

The Prime Minister will depart the Greek Theatre of Taormina on foot for the San Domenico Palace Hotel.


Note for media:

  • Pooled photo opportunity

12:45 p.m. 

The Prime Minister will be greeted by the Prime Minister of Italy, Paolo Gentiloni, at the San Domenico Palace Hotel.


Note for media:

  • Pooled photo opportunity

12:55 p.m. 

The Prime Minister will witness the Italian Aeronautica Militare (Frecce Tricolori) flypast.


Note for media:

  • Pooled photo opportunity

1:15 p.m. 

The Prime Minister will participate in the G7 Working Luncheon.


Note for media:

  • Pooled photo opportunity at beginning of the Luncheon

2:10 p.m. 

The Prime Minister will participate in the G7 Working Session I.


Note for media:

  • Pooled photo opportunity at beginning of the session

3:20 p.m. 

The Prime Minister will participate in the G7 Working Session II

Closed to media.

7:00 p.m. 

The Prime Minster will attend a concert given by La Scala Philharmonic Orchestra.

Closed to media.

8:30 p.m. 

The Prime Minister will attend a dinner given by the President of  Italy, Sergio Mattarella for G7 Leaders.

Closed to media.



Saturday, May 27, 2017


Taormina, Italy

9:15 a.m. 

The Prime Minister will attend the G7 Working Session with Outreach Countries and International Organizations.


Note for media:

  • Pooled photo opportunity at beginning of the Session

11:15 a.m. 

The Prime Minister will take part in the Family Photo of G7 and Outreach Leaders.


Note for media:

  • Pooled photo opportunity

11:45 a.m. 

The Prime Minister will participate in the G7 Working Session III.

Closed to media.

1:00 p.m. 

The Prime Minister will participate in the G7 Working Luncheon.

Closed to media.

5:30 p.m. 

The Prime Minister will hold a media availability.

Municipal Library

Taormina, Italy


Note for media:

  • Open coverage

 

Note: all times local

 

SOURCE Prime Minister’s Office

View original content: http://www.newswire.ca/en/releases/archive/May2017/25/c5331.html