RESTON, Va.– Outcome Capital, an advisory and investment banking firm that serves middle market growth companies in IT services, software, managed services, ADGS, healthcare and life sciences, is pleased to announce that Evergreen Systems, Inc. (the “Company”) has been acquired by Sunstone Partners, a California-based private equity firm. Outcome Capital provided exclusive advisory services to the Company.
An Elite ServiceNow partner, Evergreen Systems focuses on providing complete process management and technology solutions in the ServiceNow ecosystem. Evergreen is fully transformed into a ServiceNow thought leader and a scalable business model, validated by more than 4,000 successful customer engagements to date. Evergreen Evolve (EE) is the Company’s proprietary, flagship Managed Service Provider (MSP) model developed specifically to address client’s challenges in the ServiceNow SaaS and Agile based ecosystem.
“The Outcome Capital team, led by Jonathan Wallace, served as a crucial advisor to our sale process and guided our business to an exciting next stage. We are eager to partner with Sunstone Partners and continue our growth,” stated Don Casson, Evergreen CEO.
This is the second investment in the ServiceNow space by the team at Sunstone Partners, which previously invested in Fruition Partners (sold to Computer Sciences Corporation, now part of DXC Technology, in 2015) while at their prior firm. “We appreciate Outcome Capital bringing us the Evergreen Systems opportunity and look forward to working with them in the future,” commented Mike Biggee, Co-Founder and Managing Director of Sunstone Partners.
