Renovus Capital Partners Invests in Tempus Nova
Wayne, PA – Renovus Capital Partners (“Renovus”) announced today that it has acquired a controlling interest in Tempus Nova (“TN” or the “Company”). Headquartered in Denver, CO, Tempus Nova is a trusted technology services partner to over 200 public and private sector organizations located throughout the United States.
Tempus Nova, Inc. was founded in 2001 by Joseph Dellanno. The Company is a Google Premier Partner and authorized Reseller of Google cloud technologies including G Suite and Google Cloud Platform. They specialize in G Suite implementations, enterprise collaboration, custom application development, managed services, data visualization, business transformation and workforce productivity.
Since 2008, Tempus Nova has successfully migrated over two million email accounts and hundreds of enterprise applications to G Suite and Google Cloud Platform for Fortune 500 companies and public sector organizations such as the Federal General Services Administration (GSA), the National Oceanic & Atmospheric Administration (NOAA), the states of Wyoming, Utah, Colorado, Iowa, and the Commonwealth of Virginia.
Tempus Nova received three of the first Google certifications in the world for their knowledge about the G Suite platform and was also one of the first partners invited to participate in the Google Cloud Transformation Program launched in September 2011. Tempus Nova is growing rapidly and always looking for top notch talent to join its team of technology professionals and participate in the management of some of the most exciting Google Cloud Platform and G Suite projects in the country.
Tempus Nova is led by the CEO Didi Dellanno and the CTO Joe Dellanno, an experienced management team that bring over 50 years of technology and engineering excellence. The Company is supported by a team of bright, experienced professionals with diverse IT backgrounds. The entire team will continue to operate the company following the transaction.
Atif Gilani, the Renovus partner who led this investment, said, “Didi and Joe have built a business that offers great products and services, has a solid customer base and is led by a highly dedicated and entrepreneurial management team. We are excited to become their partners and are committed to providing additional capital for both organic and acquisition driven growth.”
Grayson Harcourt, Associate at Renovus added, “We are strong believers in technology enabled businesses with talented teams and Tempus Nova is exactly that. Renovus has the experience and opportunity to add tremendous value to this organization.”
“Tempus Nova is thrilled to become part of the Renovus family. The synergies between Tempus Nova and other Renovus portfolio companies will allow us to offer our customers additional high value products and services. From an operational perspective, Tempus Nova will continue to provide our customers with the same great service. Strategically, the company will have access to a wealth of additional executive resources, geographical presence and capital to help accelerate our growth.” said Didi Dellanno, CEO of Tempus Nova.
DLA Piper served as legal counsel and CTS as a financial advisor to Renovus.
About Tempus Nova
Headquartered in Denver, CO, Tempus Nova is a leading technology services firm serving the commercial, government, and professional services industries. Tempus Nova, Inc. was founded in 2001, is a Google Premier Partner and authorized G Suite and Google Cloud Platform Reseller. More information about Tempus Nova can be found on its website at https://tempusnova.com.
About Renovus Capital
Founded in 2010, Renovus Capital Partners is an education, training and human capital focused private equity firm. Renovus is based outside of Philadelphia and manages over $500 million of committed capital. To date, the firm has acquired twenty portfolio companies specializing in areas such as technology, educational content, traditional education, corporate consulting and training, and human capital. The firm is an active investor in profitable and growing enterprises where the Renovus team, in partnership with management, seeks to create value through operational improvements, strategic growth initiatives and acquisitions. More information can be found on its website at http://www.renovuscapital.com.