Drake Star Partners Advises Sunstone Partners On Its Acquisition And Combination Of Evergreen Systems, Cerna Solutions And Novo/Scale

NEW YORK | SAN MATEO (February 3, 2021) – Sunstone Partners announced the acquisitions of Evergreen Systems, Cerna Solutions, and Novo/Scale to create the largest independent consulting partner focused exclusively on enabling ServiceNow across the enterprise. Drake Star Partners acted as the lead financial advisor to Sunstone Partners.

The combination of these three companies, coupled with the investment from Sunstone Partners, is expected to accelerate growth, expand expertise and capabilities, support additional customer success initiatives, and improve customers’ return-on investment on the ServiceNow platform.

“ServiceNow continues to grow rapidly and has become a vital enterprise platform that has elevated beyond IT management to delivering modern digital workflows that unlock productivity across the entire business”, said Mike Biggee, Co-Founder and Managing Director of Sunstone Partners.

Jeff Baker, Managing Partner at Drake Star Partners, said: “We are excited to have been part of building this market leading platform in an ecosystem that we see tremendous growth in over the coming years.”

Inquiries:

For further inquiries, please contact

Gregory Bedrosian - Managing Partner & CEO | Drake Star 

gregory.bedrosian@drakestar.com, +1-203-524-5652 

About Sunstone Partners

Sunstone Partners is a growth-oriented equity firm that makes majority and minority investments in technology-enabled services and software businesses. The firm seeks to partner with exceptional management teams, often as their first institutional capital partner, to help accelerate organic growth and fund acquisitions. Founded in 2015, the firm has $800 million of committed capital to its first two funds. For more information, visit
http://www.sunstonepartners.com.

About Evergreen Systems

Evergreen Systems is an Elite level ServiceNow partner consulting on the entire ServiceNow portfolio. We enable mid-market and enterprise customers to leverage the full power of ServiceNow through complete, workflow-enabled services. Our approach speeds customer outcomes, reduces work, reduces complexity and brings legacy IT investments new life — as an integral part of end to end, workflow services. With employees in the U.S. and an offshore team in India, Evergreen serves both public and private sectors, including financial services, healthcare, telecommunications, manufacturing and energy. For more information, visit
www.evergreensys.com.

About Cerna Solutions

Cerna Solutions is a trusted Elite ServiceNow partner founded with the primary focus of improving and innovating the way our customers leverage the ServiceNow platform and protect their ServiceNow investment. Our authoritative platform capabilities are made possible by Cerna’s 100% U.S.-based experts, whose skillsets span the entire Now Platform. Cerna’s extensive industry expertise allows us to understand the customer’s needs and deliver tailored solutions, while solving business challenges through an innovative use of the ServiceNow platform and digital transformation. Cerna’s unique project approach has earned us a repeat customer rate of 90%, and a Customer Satisfaction Score (CSAT) of 4.8/5. For more information, visit
www.cernasolutions.com.

About Novo/Scale

Novo/Scale’s talented global delivery team offers services and support that fit your priorities and budget. Novo/Scale has been working with ServiceNow for almost a decade and has delivered over 1,000 projects primarily for global integrators. A Premier ServiceNow Partner, Novo/Scale uses extensive experience coupled with industry best practices and proprietary problem-solving methods to help you achieve your business goals. For more information, visit

www.novoscale.com