Lindora Receives Additional Round of Growth Capital
Funding Will Allow the Company to Accelerate Expansion and Extend Line of New, Clean-label Food Products
Lindora, one of the largest medically supervised weight loss and wellness companies in the country, announced today that it has received additional funding that will allow the company to accelerate its expansion of clinic locations and extend its line of naturally flavored, gluten free, clean-label food products within its Lindora Nutrition® brand. The recent growth capital round included an entirely new investment from Montage Capital, as well as follow-on investments from Solis Capital Partners and Innovate Partners.
“It’s exciting to see the commitments from our investor partners who truly believe in our mission and the market opportunity,” said Will Righeimer, Chief Executive Officer of Lindora. “This new round of capital will allow us to accelerate our plans and further establish Lindora as the best wellness solution for people looking to lose weight and live healthier, happier lives.”
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Daniel Lubeck at Sage Talks Orange County, presented by Sage Executive Group
Sage Talks Orange County Video - Daniel Lubeck
Lindora Names Will Righeimer as New Chief Executive Officer
Will Righeimer has been named CEO at Lindora, the largest medically supervised weight loss, wellness and consumer products company in the United States.
Mr. Righeimer, 47, spent nearly 6 years as a President and Global General Manager for Mars, Incorporated, a $35 billion global company, where he was responsible for the company’s organic foods and drinks, wellness products as well as e-commerce and licensing for the category’s offerings.
More recently, Righeimer served as Chief Executive of Kuantum Brands, the leading clinical hydration beverage company in North America, until its acquisition by CAB Enterprises, Inc., a subsidiary of Pisa Pharmaceutical, the largest pharmaceutical company in Mexico.
Righeimer’s career includes senior management roles at PwC, IBM and several private equity and venture backed companies. He earned a Bachelor’s Degree in Accounting from the University of Minnesota and a Master’s in Business Administration from the University of Minnesota, Carlson School of Management. He is also a Certified Public Accountant.
“Will’s strong operational background and proven track record of building brand value make him a perfect leader for Lindora,” said Dan Lubeck, Founder and Managing Director of Solis Capital Partners, which has an equity interest in the company. “We believe that Will’s extensive background in health and wellness packaged goods as well as his past success in driving innovative solutions will enable Lindora to accelerate the brand’s growth and innovation platforms.”
“More than two-thirds of the nation’s adults are considered to be overweight or obese so weight loss and overall wellness are at the forefront of the health care discussion,” said Righeimer. “Lindora is uniquely positioned to provide the best patient outcomes through its proven model.
“Lindora is a powerful brand, in the right space, at the right time and I’m excited to join the team at this transformational growth stage,” Righeimer said.
Bob Allison of Innovate Partners, who also has an equity position in Lindora, said that he believes Mr. Righeimer’s skill set is exactly what Lindora needs to take the brand to the next level. “Will’s ability to inspire and effectively lead teams made him our top choice. His appointment is the last piece in building our executive team, which we believe to be exceptionally strong.”
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Solis Capital Partners sells Resolve Systems to Insight Venture Partners
“We are very pleased with the successful sale of Resolve to Insight,” said Craig Dupper, Managing Partner of Solis.
NEWPORT BEACH, CA – May 24, 2017 – Solis Capital Partners (Solis), a lower middle-market private equity firm, today announced the sale of Resolve SystemsⓇ (Resolve) the only enterprise-wide incident response and automation platform for security, IT and network operations, to an affiliate of Insight Venture Partners (Insight). Terms of the transaction were not disclosed.
Resolve Systems was founded in 2000 as primarily an IT services provider and value added reseller of IT operations and network management software. In March 2012, Solis partnered with the co-founder to accelerate the development and commercialization of the Company’s emerging IT process automation (ITPA) software platform called Resolve. Since then, Resolve evolved significantly from its ITPA origins into the leading incident response and resolution software platform supporting the network, IT and security operations environments of leading Fortune 500 enterprises throughout the world. Utilizing “intelligent incident response” which includes a combination of runbook automations and human guidance, Resolve drives significant ROI by reducing mean time to incident resolution, reducing costs associated with incident escalation, and increasing staff productivity.
“We are very pleased with the successful sale of Resolve to Insight,” said Craig Dupper, Managing Partner of Solis. “In this partnering, we had the opportunity to support Resolve’s exciting transformation into a leading incident response software provider. Key elements driving this transformation included product development, resource optimization, rebranding, and leadership team building. We are grateful for the hard work and dedication of the Resolve team, and we are excited for their opportunity to take Resolve to the next level with Insight as a partner.”
“Solis provided critical resources and was a tremendous support in accelerating our growth and evolution,” said Martin Savitt, Chief Executive Officer of Resolve Systems. “Our time with Solis allowed us to develop a scalable platform with great potential. Insight brings a unique level of knowledge and capability, and we are looking forward to working with them to execute Resolve’s next phase of growth.”
HCAP Partners, a San Diego-based provider of mezzanine debt and equity to the lower-middle market, provided additional growth capital to Resolve.
Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., acted as the exclusive financial advisor to Resolve Systems in connection with the sale transaction.
Solis Capital Partners is a private equity firm specializing in the lower middle-market. Headquartered in Newport Beach, CA, and with offices in San Diego, CA, Solis focuses on companies with revenues of $15 to $100 million, typically in the service, niche manufacturing, and software sectors. The firm is actively investing through Solis Capital Partners II, LP. For additional information, see www.soliscapital.com.
Solis Capital Partners sells M.L. Kishigo Manufacturing Company to Bunzl PLC
Solis Capital Partners (Solis), a lower middle-market private equity firm, today announced the sale of M.L. Kishigo Manufacturing Company (ML Kishigo), a leading manufacturer of high-visibility safety garments, to Bunzl PLC (Bunzl).
NEWPORT BEACH, CA – April , 2017 – Solis Capital Partners (Solis), a lower middle-market private equity firm, today announced the sale of M.L. Kishigo Manufacturing Company (ML Kishigo), a leading manufacturer of high-visibility safety garments, to Bunzl PLC (Bunzl). Terms of the transaction were not disclosed.
Founded in 1971, ML Kishigo is a market leader in the design and manufacture of premium industrial safety wear, including high-visibility and flame-resistant vests, shirts, jackets, pants and rainwear. The company’s products are worn by individuals working in hazardous environments, including construction workers, airport personnel, city and statewide municipality workers and operators of large equipment. In January 2015, Solis partnered with Greg Hayward, its CEO, to acquire ML Kishigo and support the company’s next phase of growth and evolution.
“We are extremely proud of Greg and his team,” said Daniel Lubeck, Managing Director of Solis. “It was an ideal partnering investment in every respect. The company flourished, and the team is talented, focused and excited about the runway ahead.”
“Solis provided critical resources and was a tremendous support in accelerating our growth and evolution,” said Greg Hayward. “We are thankful for our partnership with Solis, and also very excited about ML Kishigo’s next phase of evolution with Bunzl.”
Intrepid Investment Bankers, a Los Angeles based, middle market, multi-service firm, served as the exclusive financial advisor to ML Kishigo on the sale.
Solis Capital Partners is a private equity firm specializing in the lower middle-market. Headquartered in Newport Beach, CA, Solis focuses on companies with revenues of $15 to $100 million, typically in the service, niche manufacturing, and software sectors. The firm is actively investing through Solis Capital Partners II. For additional information, see www.soliscapital.com.
Resolve Systems Joins Splunk Adaptive Response Initiative at RSA 2017
Resolve Systems has joined the Splunk® Adaptive Response Initiative
Resolve Systems, Inc., a global, enterprise Security & IT incident response automation platform, and Splunk Inc., provider of the leading software platform for real-time Operational Intelligence, today announced that Resolve Systems has joined the Splunk® Adaptive Response Initiative. Powered by a growing list of leading cybersecurity technology vendors, Adaptive Response is a best-of-breed security initiative that leverages end-to-end context and continuous response to improve security operations with an adaptive security architecture. The announcement was made at the 2017 RSA Security Conference. " data-reactid="5" style="color:#26282a;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:15px;" type="text">IRVINE, Calif. and SAN FRANCISCO, Feb. 15, 2017 /PRNewswire/ --Resolve Systems, Inc., a global, enterprise Security & IT incident response automation platform, and Splunk Inc., provider of the leading software platform for real-time Operational Intelligence, today announced that Resolve Systems has joined the Splunk® Adaptive Response Initiative. Powered by a growing list of leading cybersecurity technology vendors, Adaptive Response is a best-of-breed security initiative that leverages end-to-end context and continuous response to improve security operations with an adaptive security architecture. The announcement was made at the 2017 RSA Security Conference.
Following its unveiling at the 2016 RSA Security Conference, the Adaptive Response Initiative now includes over 20 participating vendors as members. With this extensive network, organizations can use Splunk Adaptive Response to further interact with data, extract and share new insights, gain more context and invoke actions across key security and IT domains. Ultimately, this allows customers to detect threats faster, make analytics-driven decisions and improve operational efficiencies within their Security Operations Center (SOC).
"Resolve's Security Incident Response platform is a powerful solution that directly complements Splunk to greatly increase agent productivity and accelerate the resolution of security related incidents," said Larry Lien, Vice-President of Product Management at Resolve. "By combining Splunk's centrally positioned analytics-driven security platform with Resolve's Incident Response Automation platform, we are thrilled to help security professionals around the world gather more context to detect threats quicker, execute guided processes more efficiently and deliver a more automated and continuous response against advanced attackers."
While many organizations employ a layered, multi-vendor approach to security, most individual solutions are not designed to work together outside of the box. Splunk Enterprise Security (Splunk ES), working in conjunction with technologies like Resolve's incident response automation platform, extends analytics-driven decision-making and improves detection, investigation and remediation times by centrally automating retrieval, sharing and response.
"We created the Adaptive Response Initiative so organizations could efficiently combat advanced attacks while utilizing their existing security architectures. Members like Resolve Systems are key to the success of Adaptive Response," said Haiyan Song, senior vice president of security markets, Splunk. "Together we will solve this very challenging problem facing every enterprise."
To learn more about Security and IT Incident Automation and Adaptive Response at RSA 2017, visit Splunk at booth #3421 and Resolve Systems at booth #4613.
About Resolve Systems
Resolve Systems is a global Enterprise Security & IT Incident Response Automation Platform. Since 2008, the Resolve Platform has empowered teams by providing actionable dashboards and process guidance for end-to-end and human-guided automations. Enterprise and Fortune 500 customers rely on Resolve's unique onboarding process created to deliver value at a scalable, rapid pace. Their team will work with your organization's data, analyze the business case and identify opportunities ensured to deliver efficiency gains.
HCAP Partners Announces Follow-On Investment in Resolve Systems
Additional Capital to Support Company’s Global Expansion Strategies
HCAP Partners Announces Follow-On Investment in Resolve Systems
Additional capital to support company’s global expansion strategies
San Diego, CA (May 31, 2016) – HCAP Partners (formerly Huntington Capital), a California-based mezzanine debt and private equity firm, announced today that it has made a follow-on equity investment in Resolve Systems. This additional growth capital will be used to further accelerate Resolve System’s aggressive product and international expansion strategies. Tim Bubnack, Managing Partner, and Nicolas Lopez, Senior Associate, led the transaction for HCAP Partners. Mr. Bubnack will join the board of directors as part of this follow-on investment. The Resolve platform focuses on accelerating the resolution of incidents within IT Operations, Service Desks, and Security Operations by combining Human Guided Automation, guided procedures and knowledge served up to users in an intuitive manner that enables organizations to deliver significantly improved service levels at a drastically reduced cost. The Resolve platform, available as a cloud solution, includes numerous unique capabilities that drive rapid time-to-value and return on investment including rich pre-built content and connectors to existing IT and security management infrastructure systems, incident resolution dashboards, and easy-to-use and “no code” automation and process design tools such as Automation Builder that enable quick and agile deployment. “We are very happy to expand our partnership with HCAP Partners,” stated Martin Savitt, CEO of Resolve Systems. “This investment will enable us to further accelerate our already very successful product and international distribution strategies. With HCAP’s investment, we are in a better position to capitalize the momentum and growth that Resolve has and continues to experience globally. The perspective and advice from the team at HCAP will continue to be instrumental to the success of Resolve Systems and its employees.” Tim Bubnack, Managing Partner, commented, “We have been very pleased with the execution of Resolve Systems’ go-to-market and product strategies and with the management teams’ ability to execute and to continue to drive double-digit growth. We look forward to continuing to work closely with Resolve's board and with Martin and his team and look forward to the continued growth and success of the Company.”
About Resolve Systems Resolve Systems is the global leader in accelerating incident resolutions for IT operations, network operations, customer care centers and security operations. The Resolve platform enables organizations to accelerate incident resolution within IT Operations, Service Desks, and Security Operations by combining Human Guided Automation, guided procedures and knowledge served up to users in an incredibly intuitive manner that enables our clients to deliver significantly improved service levels at a drastically reduced cost Headquartered in Irvine, California with a rapidly growing EMEA operation based out of London, Resolve Systems continues to expand it’s incredible list of iconic Fortune 500 customers around the world. For more information, please visit www.resolvesystems.com.
About HCAPPartners HCAP Partners (formerly Huntington Capital) was founded in 2000 and is a provider of mezzanine debt and private equity for underserved, lower-middle market companies throughout California and the Western United States. HCAP Partners seeks to invest $2 million to $9 million in established businesses in the healthcare, technology, services, and manufacturing industries generating between $10 million and $75 million in revenues. The firm has invested in over 50 companies since it was founded and proactively works with its portfolio companies to achieve favorable financial outcomes and measurable impact value creation. Partners Tim Bubnack, Morgan Miller, Frank Mora, and Hope Mago lead HCAP Partners’ management team. For more information, please visit www.hcapllc.com or call (858) 259-7654.