Profile

Sumeru Equity Partners (“Sumeru”) provides growth capital at the intersection of people and innovative technology. Sumeru seeks to embolden innovative founders and management teams with capital and scaling partnership. Led by a combination of experienced investors and technology executives, Sumeru partners with founders and management to scale their businesses through the Sumeru Growth Program, prioritizing organic growth levers across product leadership, go-to-market acceleration and growth culture. The firm typically invests $50-200 million per transaction in North America and Europe.

The Sumeru team has invested over $3 billion in more than fifty platform and add-on investments across enterprise and vertical SaaS, data analytics, education technology, infrastructure software and cybersecurity. Our team includes over 50 Sumeru colleagues that collaborate across our Silicon Valley and New York City offices.

www.sumeruequity.com

Awards

2023 Top Private Equity Firms

2021 Top 40 Under 40 Growth Investors, Mark Haller

2021 The Top 25 Software Investors, Jason Babcoke

2019 Top 25 Software Investors, John Brennan

Key People

Kyle Ryland is a co-founder and Managing Partner of Sumeru Equity Partners. Kyle chairs the firm’s investment committee and focuses on investments across software and enterprise technology. Prior to co-founding Sumeru, Kyle held leadership roles at Silver Lake Sumeru, Shah Capital Partners and Lehman Brothers. Kyle has a B.A. from Duke University, and an MBA from the Wharton School of Business, University of Pennsylvania.

Sanjeet Mitra is a co-founder and Managing Partner of Sumeru Equity Partners. Sanjeet sits on the firm’s investment committee and focuses on investments across software and enterprise technology. Prior to co-founding Sumeru, Sanjeet held a leadership role at Silver Lake Sumeru and worked at Goldman Sachs. Sanjeet has a B.S. (business administration) from the University of California Berkeley.

Jason Babcoke is a co-founder and Managing Director of Sumeru Equity Partners. Jason sits on the firm’s investment committee and focuses on investments across software and enterprise technology. Prior to co-founding Sumeru, Jason held a leadership role at Silver Lake Sumeru and worked at Symphony Technology Group and Applied Biosystems. Jason has a B.S. (engineering) from the University of California Berkeley, a M.S. (managing science and engineering) from Stanford University, and an MBA (with high distinction, as a Baker Scholar) from Harvard Business School.

John Brennan is a co-founder and Managing Director of Sumeru Equity Partners. John sits on the firm’s investment committee and focuses on investments across software and enterprise technology. Prior to co-founding Sumeru, John held leadership roles at Silver Lake Sumeru, Adobe Systems (led Platform Software business unit), Hewlett Packard and Accenture. John has a B.A. from Yale University and an MBA from the University of California Berkeley, Haas School of Business.

Mark Haller is a Managing Director of Sumeru Equity Partners. Mark focuses on investments across software and enterprise technology. Prior to joining Sumeru, Mark worked at Silver Lake Sumeru and Goldman Sachs. Mark has a B.S. (finance and accountancy, with honors) and a M.S. (accounting science) from the University of Illinois.

George Kadifa is a co-founder and Managing Director of Sumeru Equity Partners. George sits on the firm’s investment committee and focuses on investments across software and enterprise technology. Prior to co-founding Sumeru, George was EVP at Hewlett Packard (where he led HP’s $4-billion software business), Operating Partner at Silver Lake Partners and has held various leadership positions at companies such as IBM, Corio Corporation (founder), Oracle, Booz-Allen & Hamilton and Xerox. George has a B.S. (electrical engineering) from the American University in Beirut, a M.S. (electrical engineering) from the California Institute of Technology, and an MBA (with honors) from the University of Chicago, Booth School of Business.

Paul Mercadante is a co-founder and Managing Director of Sumeru Equity Partners. Paul sits on the firm’s investment committee and focuses on investments across software and enterprise technology. Prior to co-founding Sumeru, Paul held leadership roles at Silver Lake Sumeru, Shah Capital Partners, Force Computers (President), Solectron (Vice President of $2B business unit) and Smart Modular. He also has held various positions at technology companies such as Apex Data, Rose Communications, and Activision. Paul has a B.A. (economics) from the State University of New York, Oneonta.

Randy Randleman is a co-founder, Managing Director and Chief Operating Officer of Sumeru Equity Partners. Randy sits on the firm’s investment committee and is also the Chief Financial Officer and Chief Compliance Officer of Sumeru Equity Partners. Prior to co-founding Sumeru, Randy held a leadership role at Silver Lake Sumeru and worked as a finance executive at Qualcomm. Prior to Qualcomm, Randy held roles at Sprint Communications and Filter Corporation. Randy has a B.S.F.S. from Georgetown University, and an MBA (with distinction) from Harvard Business School.

Funds Raised

Sumeru has over $3 billion in assets under management. The firm has raised approximately $2.5 billion since the founding team spun-out from Silver Lake in 2015.

Key Investments

Actian: Invested July 2018, acquired by HCL Technologies December 2021

Actian is a leading provider of hybrid cloud data analytics, management, and integration solutions.

Azuga: Invested March 2018, acquired by Bridgestone Americas September 2021 

Azuga is a cloud-based, connected-vehicle fleet management solutions provider.

Buildium: Invested May 2016, acquired by RealPage December 2019  

Buildium is a Cloud-based property management software provider for residential property and homeowner association managers.

MDSL: Invested August 2016, Merger & Majority Recap by Oak Hill Capital & Riverside Partners in 2019

MDSL creates expense management software and solutions for communications, mobility and market data spend.

Cybera: Invested September 2015, acquired by PDI December 2020

Cybera is a leading provider of secure, software-defined WAN to many of the world’s top enterprises.

Kyriba: Invested September 2017, acquired by Bridgepoint April 2019 

Kyriba provides treasury and risk management SaaS solutions for global enterprise customers.

Tasktop: Invested March 2021, acquired by Planview in June 2022

Tasktop transforms how companies develop and deliver software, enabling faster time to market and higher customer satisfaction. 

360Learning: Invested July 2021 

360Learning offers a collaborative learning platform that improves the efficacy of corporate education through rapid / no-code course creation, improved educational engagement, and robust learning tracking capabilities.

3G: Invested April 2019

3G is a leading global provider of transportation management software solutions.

beqom: Invested May 2022

beqom is a leading provider of total compensation management.

Ceros: Invested July 2020

Ceros is a leading SaaS-based experiential content creation platform.

Consensus: Invested February 2023

Consensus is a leading intelligent demo automation platform for presales and sales teams.

Criteria Corporation: Invested May 2019

Criteria provides a comprehensive and innovative evidence-based assessment platform that helps companies to build more productive workforces.

Firstup: Invested July 2020

Firstup is a leading enterprise software provider of workforce communications.

GoGuardian: Invested May 2018  

GoGuardian is a leading education technology SaaS provider of K-12 classroom management solutions. 

iProov: Invested December 2021

iProov is a leading provider of biometric authentication solutions that establish trust for digital identity.

Loopio: Invested March 2021

Loopio drives faster revenue growth for customers by automating and streamlining sales processes.

Snow Software: Invested April 2017

Snow Software is a leading software asset management and cloud spend management platform.

Zappi: Invested December 2022 

Zappi is a leading software provider for agile consumer insights.