Summit Partners is a global alternative investment firm with capital dedicated to growth equity, fixed income, and public equity opportunities. The Summit Partners’ strategy is grounded in a foundational belief that profitable growth is the most reliable path to building a durable business and creating long-term value. For four decades, the Summit team has focused on partnering with and powering the growth of great people and great companies. Summit invests across growth sectors of the economy and has invested in more than 550 companies in technology, healthcare, and other growth industries including financial services, consumer, business services and industrial technology. These companies have completed more than 175 public equity offerings, and more than 250 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe and invests in companies around the world.
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Congratulations to Summit-backed RWA Wealth Partners on this exciting recognition!
Citywire RIA named us the fastest growing registered investment advisory firm in Massachusetts in 2024. It’s been a thrill to grow our business, and with it, our capability to serve our clients and community. We believe great things are ahead!
We’re honored to be named to GrowthCap’s list of Top Private Equity Firms of 2024. For over 40 years, the Summit team has focused on partnering with and powering the growth of great people and great companies. We are grateful for the partnership of the visionary CEOs, dedicated teams and the dynamic companies we have the privilege to support. https://lnkd.in/eypYxQ8h #privateequity #growthequity #TheSummitPartnersNetwork Awardee selections are based on GrowthCap’s evaluation of each firm’s leadership, the composition of the overall organization, functional capabilities, unique competitive advantages, and investment judgement, among other factors. Information on firms was received through GrowthCap’s online submissions portal, nomination forms, direct communications as well as through our additional research. To view the full list of honorees and read more about the selection methodology, visit GrowthCap’s website: https://lnkd.in/eRjH5Wnj. This award is the opinion of the party conferring the award and not of Summit Partners. Summit Partners submitted a nomination, and once selected, paid a publishing and copyright fee to promote this award. There can be no assurance that other providers or surveys would reach the same conclusion as the party conferring the award referenced herein.
We are excited to announce that Summit-backed MercuryGate International, a leading provider of transportation and logistics management solutions (TMS), has signed a definitive agreement to be acquired by Körber Supply Chain Software. With increasingly global supply chains and growing customer demand for shorter order-to-delivery times, MercuryGate has made a true impact in the industry with a powerful, feature-rich platform designed to help shippers and logistics providers mitigate the costs and complexity associated with transportation. Congratulations to Joe Juliano and the entire MercuryGate team on this exciting milestone! Learn more: https://lnkd.in/eWUKz6Y4
We are incredibly proud and inspired by the tenacity of the more than 60 Team Daisy riders - including 20+ current and former Summit team members - who biked 162 miles this past weekend as part of the Pan-Mass Challenge, in support of life-saving research and treatment at the Dana-Farber Cancer Institute. Congratulations on this accomplishment, and thank you for your dedication and commitment to this important cause! #PMC2024 #TheSummitPartnersNetwork
Summit’s Technologist-in-Residence, Tim Kohn, provides valuable insights on lessons leaders can learn from last week’s Crowdstrike incident. As he notes, effective incident response and a culture of preparedness require cross-functional coordination. Read more below.
Last week’s Crowdstrike incident was a painful reminder that big blast-radius failures are intrinsic to the connected systems powering our world. We should absolutely wring every preventative lesson from this event but still embrace the reality that unforeseen bad things will happen. In my experience, there are some relatively lightweight practices that help organizations prepare and prevent recurrence: - A named "incident manager" and escalation path should be identified and ready before an event occurs. These individuals are responsible for coordinating resolution AND communicating status and next steps. Even the smallest teams need central coordination. - Define a plan for communicating when messaging and/or email systems are down. A phone or text fan-out through reporting chains works well as long people are prepared with team contact information. - Develop an objective classification system for events: Know what qualifies as critical / high / medium / low and have defined engagement and escalation for each category. This will help ensure the worst issues get prioritized and minimize churn for low-severity issues. - Root Cause Analysis and (if necessary) a Correction of Errors document should be prepared after the issue is remediated. When done well, these practices promote transparency and a culture of continuous improvement while ensuring similar failures don’t happen again. Google SRE has helpful guidance and an example. - Run regular tabletop and “game day” simulations covering the most likely or impactful scenarios. An exercise that simulates many unavailable workstations would be good preparation for the Crowdstrike bug (plus similar higher-likelihood, high-impact failures). - Finally, consider developing relationships with the appropriate incident response vendors (e.g., forensic work) and with local law enforcement. This can be particularly important for incidents that might involve data loss or other security breaches. Effective incident response is not solely the responsibility of engineering teams. It requires a coordinated, cross-functional effort to create a culture of preparedness and to address any potential impacts on your customers (e.g., customer service), your prospects (e.g., sales and marketing) and your brand (e.g., PR and communications).
Across functions and industries, metrics are vital for measuring and understanding the health of your business and productivity of your teams. Not all metrics are created equal, however. Summit’s Technologist-in-Residence, Tim Kohn, shares key components for technical leaders to consider when developing their own effective metrics. https://lnkd.in/gEYe-YrX #business #metrics #TheSummitPartnersNetwork
We are thrilled to welcome Ernest Ling and Stefan Vehr as the newest members of Summit’s Peak Performance Group, our dedicated team of professionals providing free, on-demand support to our portfolio companies in areas critical to growth companies. As part of the PPG team, Ernest and Stefan will work closely with our portfolio company management teams – in the areas of revenue optimization and the Office of the CFO – to help identify and execute growth strategies that build long-term value. Please join us in welcoming Ernest and Stefan to the #SummitPartnersNetwork!
With just under two weeks until the 2024 Pan-Mass Challenge, Summit’s Team Daisy took a break from training to rally support for Summit’s 23 PMC riders. John Carroll and Chase Carpenter (he/his) went the extra mile, volunteering for the buzz-off challenge after achieving the night’s goal. The PMC is a two-day cycling event benefiting cutting-edge cancer research at Dana-Farber Cancer Institute in Boston and has raised nearly a billion dollars since the first ride in 1980. Summit team members have been riding the PMC together with Team Daisy since 1997. We are proud to support the incredible work of Dana-Farber and their life-changing and life-saving research. Thank you to our 2024 riders – we’re looking forward to cheering you on the route to Cape Cod on August 3-4. Learn more about Team Daisy here: https://lnkd.in/eDiY7Kir
Growth stage companies across sectors are exploring ways to incorporate generative AI for both internal and customer-facing solutions. Read the latest installment of our Operationalizing AI content series for insights on how to evaluate which LLM solution is best suited for your AI-powered initiatives. Learn more: https://lnkd.in/e4BWDnGC #ai #llm #TheSummitPartnersNetwork
We’re excited to share the latest issue of The Ascent, Summit’s quarterly newsletter offering frameworks and strategies for growth company leaders. Inside, we cover considerations for choosing the right large language model to power your AI initiatives, share a framework for crafting effective metrics, and offer insights on structuring your RevOps organization to drive maximum impact. Links to subscribe or view the full issue below. #TheSummitPartnersNetwork