Philadelphia, PA — Renovus Capital Partners announced today that its portfolio company, Performive, has acquired CloudFirst, a leading cloud hosting and IT solutions provider. The acquisition further positions Performive as a differentiated managed services company with expanded solutions, increased scale, and deep technical expertise.
The combination of Performive and CloudFirst creates a platform with comprehensive offerings across cloud hosting, data protection, compliance, and IT resilience. Together, the companies bring decades of experience and a shared focus on helping organizations modernize, secure, and optimize their IT infrastructure.
“This is all about mutual growth,” said Wayne Kiphart, CEO of Performive. “By combining forces, we’re doubling our ability to serve customers, partners, and the market. Our expanded portfolio of services and expertise allows us to deliver more value, faster, and more effectively than ever before.”
“We are thrilled to officially join forces with Performive,” said Hal Schwartz, President of CloudFirst. “Our teams share a commitment to technical excellence and customer success. Together, we can offer a broader range of solutions, deepen our expertise across critical platforms, and accelerate innovation for the organizations that rely on us to keep their IT infrastructure resilient and secure.”
“We are excited to support Performive in its acquisition of CloudFirst,” said Jason Tanker, Managing Director at Renovus Capital Partners. “This transaction represents an important step in building a market-leading managed services platform with the scale and capabilities to meet the evolving needs of mid-market and enterprise customers. We look forward to partnering with the Performive team to pursue additional strategic growth opportunities.”
With the addition of CloudFirst, Performive is well-positioned to accelerate growth through enhanced service capabilities and deeper technical expertise.