KSMC is a Microsoft Gold Partner and currently ranked in the top one percent of all Microsoft Partners in the United States, the company’s website asserts. KSMC is also an SAP Gold Partner.
The acquisition follows what KSMC calls a historic period of growth for the company, which has seen the firm grow by more than 500 percent in the last five years, with 50 percent growth in the last year alone, the company said.
Indianapolis accounting firm Katz, Sapper & Miller will retain a significant minority ownership in KSMC as well as a seat on the board of directors, the company added.
Renovus Acquires KSMC: Executive Perspectives
KSMC president Mark Caswell will move into the CEO roll in order to lead the organization into its new phase of growth, the company said. Caswell previously worked as an engineer at Rolls Royce for 11 years.
Addressing the deal, Caswell said:
“I speak on behalf of the entire KSMC team when I say that we owe much of our success over the last 10 years to our incredible clients and partners. We are excited to expand our Indianapolis headquarters and invest in the Indianapolis community in big ways as we begin a new chapter.”
KSMC will also hire up to 30 new employees for its Indianapolis headquarters to help support future growth. KSMC already employs 135 people. The new hires aren’t the result of the acquisition, but are one of the reasons why KSMC was an attractive investment for Renovus, a company spokesperson confirmed to ChannelE2E.
There are no additional investment plans, they added.
Open positions include roles in data analytics, technology, and project management.
Founded in 2008, the company’s recent growth also spurred the opening of a second office in Indianapolis last year. The company currently provides services to more than 300 public and private sector organizations throughout the United States, specializing in management consulting, technology services, and data analytics.
Founded in 2010, Renovus has tech industry investment experience. The private equity firm tends to specialize in education, training, and human capital.
Based outside of Philadelphia, Pennsylvania, the firm manages over $500 million of committed capital through two SBIC (Small Business Investment Company) funds. So far, Renovus has acquired 22 portfolio companies across technology services, educational content, classroom instruction, corporate training, and human capital. In January, the firm bought Google Cloud Platform and G Suite partner Tempus Nova Inc.