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Sverica Capital Management LP (“Sverica”) announced today the sale of 7Summits, LLC (“7Summits” or the “Company”), a leading Salesforce digital solutions consultancy, to International Business Machines Corporation (“IBM”). This marks the culmination of a seven-year successful partnership with 7Summits, during which the Company nearly quintupled in size while going from no Salesforce presence to being one of the largest independent providers in the ecosystem.
In 2013, Sverica partnered with 7Summits Founder & CEO Paul Stillmank to capitalize on the company’s core strength—using technology to collaborate with co-workers, partners and customers to create business growth and efficiencies. Sverica and Paul then reinvested back into the company for several years to focus on driving the Company’s Salesforce business, implementing systems and processes to enhance forward revenue visibility, and creating organizational capacity by adding talented executives. These efforts created a significant number of technology jobs in 7Summits’s hometown of Milwaukee and garnered numerous accolades including being named a Best Place to work both locally and Nationally in 2020 and making the Inc. 5000 list five times in its history with 2020 marking the second consecutive year.