McCarthy Capital Fund V Invests in Seven10 Storage Software

McCarthy Capital Fund V, managed by McCarthy Partners Management, LLC, an affiliated RIA of McCarthy Capital, and a private equity investment firm, has led a recapitalization and growth equity investment in Seven10 Storage Software, LLC to further accelerate growth.

Massachusetts-based Seven10 is a provider of enterprise software-defined-storage solutions and automated file migrations.

“Seven10 epitomizes our ideal investment opportunity in a rapidly growing market,” said Bob Emmert, managing partner, McCarthy Capital. “Bobby Moulton and the Seven10 team have built a market-leading software platform and a strong industry reputation. In partnering with management, we are excited to continue to grow the company and lead the market in innovation.”

Based in Lawrence, MA, Seven10 provides enterprise software-defined-storage solutions to customers across healthcare, financial services, government, education, and other compliance-driven services sectors. Seven10’s Storfirst platform enables organizations to migrate, manage, and protect increasing volumes of unstructured data in an intelligent and secure manner across all leading storage hardware and cloud platforms.

“We believe McCarthy Capital will be an excellent partner,” said Bobby Moulton, CEO, Seven10. “McCarthy is a trusted and proven investment firm that is committed to supporting our growing team as we build on our substantial momentum. Seven10’s technology has helped hundreds of enterprise customers move safely, quickly and securely to converged, cloud-as-a-tier storage infrastructures. McCarthy Capital wil help us bring the Storfirst brand to a much larger audience.“

Seven10’s differentiated, 100% software-based platform offers clients speed and reliability. Storfirst’s migration plus management capabilities eliminate the time, risk, and hassle that come with manual data migration efforts and remove complex platform integration with standards based SMB and NFS access. Seven10 builds software that bridges the past and future of storage technology, ending the pains associated with storage obsolescence while future proofing IT environments from expensive ‘rip and replace’ storage transitions.

“Seven10 is well positioned to address emerging opportunities in the rapidly evolving storage industry,” said Phil Dudley, VP, McCarthy Capital. “We expect to support the company as it continues to deliver on its mission to provide clients with access to the newest innovations in storage technologies without sacrificing the stability and security of their current storage.”