Hedge Funds
Private equity giant Sverica Capital Management has purchased Synoptek to help the Irvine, Calif.-based managed services powerhouse carry out an aggressive geographic and service expansion, Synoptek said. Synoptek plans to strengthen its presence in the northeastern United States and Europe, and grow its security and managed hosting services practices, thanks to Sverica's acquiring a majority stake in the firm, according to Synoptek CEO Tim Britt. "This is a milestone in our development," Britt told CRN. "It gives us a much stronger private equity partner going forward that has experience in this space and wants to grow and build a national,...