• The Year in Review …And Beyond

Dear Friends & Colleagues,

We would like to congratulate our founders and partners on a most successful 2018, as well as wish you a prosperous 2019. Last year was a great one for all of us, and the future looks bright. Throughout 2018 Acresis helped our clients accelerate growth, hire world-class talent, strengthen balance sheets and drive enterprise value in some of the most innovative and promising industries and technologies.

 

AT ACRESIS

We now serve more than 60 clients who are:

  • Founders of founder-owned and/or founder-led companies

  • Based in North America and Europe

  • Operating in the Technology-enabled Services, Business Services and Energy services sectors

  • Typically $5M to $50M in annual revenues and about to embark on their scale-up stage

We have...

  • 20 operating partners based across North America and Europe supported by an extensive stable of world class expert associates, all specialists in their fields

  • Opened our Silicon Valley office, joining our existing locations in London, New York, Houston, Raleigh and Boston

  • Delivered over 20 events for our Founders, investors, lenders, corporate acquirers and eco-system partners. We are particularly pleased with the feedback we receive from all parties on the quality of attendees, market access and insights that our events deliver

We were also excited to launch our sister firm, the Founders Growth Equity Fund (FGEF). This is a Pledge Fund, designed to provide critical growth capital to our eligible clients. The FGEF is also a vehicle that allows our founder clients, post a significant liquidity event, to recycle and reinvest a portion of their proceeds into like-minded businesses that they understand very well. The FGEF has over 100 LPs currently registered in the pledge fund and we have completed raises for 3 of our founder clients in 2018 with a further 2 rounds to complete in Q1 2019.

 

AMONG OUR FOUNDER CLIENTS

  • Symphony Ventures, a leading Robotic Process Automation service provider, headquartered in London, was acquired by NASDAQ listed Sykes Enterprises, Inc. of Tampa, Florida. We wish Symphony’s founding team of David, Ian, Pascal and David every success with this new chapter.

  • AcctTwo acquired Leap the Pond, completed a growth capital round and once again was recognized by Intaact as its leading Partner. Marcus, Ken, Brett and the team continue to grow one of the leading U.S. providers of cloud-based finance and accounting outsourcing. Read More

  • Agilify, whose parent company is Ascension Health, successfully commercialized its Robotic Process Automation business. Based in Indianapolis, Agilify is a leading pure-play RPA services provider.

  • CMF Associates, based in Philadelphia, Pennsylvania, completed its 1 year anniversary after being acquired by CBIZ, a publicly traded U.S. tax, audit and advisory firm. CBIZ CMF continues to grow and prosper. Tom Bonney and Seth Goldblum continue to lead the organization and further expand the private equity channel. Read More

  • Machina, based out of Houston, Texas, facilitates digital workforce transformation through automation solutions for the Energy industry. Machina more than doubled its business in 2018 vs. 2017. Kudos to Doug, Cathy, Clint, Jerry and the Machina team.

  • GetMyFirstJob, a London-based Emerging Talent recruitment provider, has now helped over 1 million school leavers in the UK and also completed a growth capital round.

  • Enate, headquartered in Cheltenham, England, provides Robotic Service Orchestration cloud technologies and recently secured a distribution deal with the RPA software “unicorn” UiPath.

  • Orchem, provider of specialist chemicals to the Oil Industry, completed a growth capital round.

  • TransformAI, headquartered in San Jose, California, completed a growth capital round and signed a reseller deal with another RPA unicorn, Automation Anywhere.

  • Kinected Energy Solutions, headquartered in Houston, TX, provides clean-tech energy services. The company completed a growth capital round, hired a world class executive team and launched its go to market program.

  • Binary Tree, headquartered in New Jersey, delivers complex, large-scale enterprise cloud migrations for future Microsoft environments at Global 1000 companies. Binary Tree won a number of industry awards in 2018 including Top Cloud Solution provider of the year. We congratulate Steven and Nick for their continued leadership and growth at Binary Tree.

  • Egami, based in New York City, is a leading multi-cultural marketing agency for the African-American demographic. Egami won a flurry of industry awards in 2018, including: Best Persuasive Content; Best in Brand Narratives; PR Professional of The Year; Best Content Marketing for Consumer Products; Multicultural Marketing Winner; Diversity Communications Winner and at the 2018 Cannes Festival of Creativity. We at Acresis congratulates Teneshia, Mike, Liv, Cammillia and Cheryl on these incredible achievements!

  • CIEN+, headquartered in New York City, provides multi-cultural agency services, with a focus on the Latino community, for Fortune 1000 companies. Co-Founder Lili Gil Valletta was named 2018 Hispanic Businessperson of the Year. You can also see the results of CIEN+’s work in artificial intelligence and data analytics on Lili’s LinkedIn page. We congratulate Lili and Enrique on a great 2018!

  • Makosi, headquartered in New York City, provides complex project management and project execution to the financial services industry. Makosi opened its San Francisco office in 2018 and Darren and Dave continue to innovate their offerings within the financial services industry, and beyond.

  • Sapphire Systems, the global provider of the financial systems SAP Business One and Infor SunSystems, had another great year. Sapphire is a SAP Gold Partner, having developed their relationship with SAP for 15 years, and are the global #1 partner for SunSystems - a position they have held for over 12 years. Congratulations to Ian, Ralph and Martin!

We continue to feel proud and privileged to be “founders helping founders”. Visit our website at www.acresis.com  to see more than 20 video testimonials of our Founder Advisory clients and Operating Partners talking about the issues that matter most, from raising money...to growing the business...to realizing liquidity and moving on to enjoying the fruits of your labor with a significant wealth creation event.

If you have any questions or feedback, please let us know by emailing danielle.park@acresis.com

 

Congratulations on a fantastic 2018 and we wish all of you a very prosperous 2019!

 

Regards,

 

Bill, Mark, Bill