A Year of Transformative Growth and Strategic Milestones
As we step into 2025, the team at Bloom Equity Partners takes great pride in reflecting on the firm’s remarkable evolution that defined 2024. It was a transformative year for Bloom, marked by key new hires across our investment and portfolio value creation teams, a move to a larger office, new portfolio investments, and unprecedented growth for our partner companies. This period has demonstrated the collective success of our partnerships and ability to unlock potential and drive meaningful impact together across the software industry.
We’re proud to share highlights from our 2024 journey below:
Expanding Our Team with World-Class Talent
Last month, we were thrilled to welcome Ashley McEnroe as an Operating Partner on our Value Creation Team. With over 15 years of experience in talent and operations leadership within private equity-backed technology companies, Ashley brings deep expertise in aligning human capital with business strategies. She is a veteran within technology investing with prior experience at Vista Equity Partners, Thoma Bravo, and TA Associates.
Also in 2024, Ken Berryman joined Bloom as a Senior Operating Partner, leveraging over 25 years of experience in technology leadership roles at McKinsey, Symantec, Intel, and BMC Software to drive significant value across our portfolio through his expertise in strategy and go-to-market operations. We also welcomed Rob Turano as Operating Partner (promoted from Value Creation Specialist) and Zoya Ibrahim as Chief of Staff.
On the Investment Team, we welcomed Adam Kaseff as Senior Associate to support business development and sourcing activities, and Andrew Olson as Associate to assist with due diligence and investment execution.
Each of these individuals brings valuable investment expertise to our growing organization.
Portfolio Growth
New Platform Investment: GRC International
A major milestone for our portfolio in 2024 was our investment and partnership with GRC International ("GRCI"), a leading provider of governance, risk, and compliance (GRC) solutions, to take the company private from the London Stock Exchange’s AIM. The investment, which received unanimous approval from GRCI shareholders, positions the company to pursue an exciting growth strategy that includes expanding its presence in the UK, Europe, and North America.
GRCI’s mission to address critical IT and cyber compliance concerns aligns perfectly with our focus on empowering businesses to lead their markets. We are excited to support the team as they embark on this next phase of growth.
Read the full announcement here.
Soutron Global’s Acquisition
Last year also marked a defining moment for our portfolio company Soutron Global, a leader in archive, library, and information management solutions. The company’s strategic acquisition of MINISIS, a Vancouver-based developer of museum and archiving management software, represents a bold step toward expanding its reach to untapped markets.
This transaction strengthens Soutron Global’s capabilities to deliver a comprehensive suite of tools for libraries, archives, museums, and information centers of all sizes, and we are thrilled to see them redefine industry standards and reach new heights in the field.
Read the full announcement here.
RightCrowd's Record-Breaking Year
For RightCrowd, 2024 was nothing short of transformative. The company achieved exceptional milestones—growing sales threefold and expanding pipeline by over 100%, demonstrating strong market demand for RightCrowd's solutions. Last year also marked the launch of SmartAccess suite, a fully cloud-enabled mobile credentialing solution that promises to reshape the security industry.
One of the standout moments was RightCrowd securing its largest-ever contract—a multi-million-dollar deal that highlights the company’s capacity to solve some of the most complex challenges in workplace security. The remarkable growth and innovation at RightCrowd are a testament to the power of visionary leadership, teamwork, and an unwavering commitment to excellence and we are excited to continue the growth into 2025.
Successful Exit
In 2024, we completed the successful sale of Viostream, demonstrating our ability to create substantial value through strategic initiatives and operational improvements since our initial investment in 2020.
Read the full announcement here.
New Office in Midtown, NYC
To support our growing team and enhance our operational capabilities, we relocated to larger headquarters in New York City. This new space provides an improved environment for collaboration and innovation, enabling us to better serve our partners and portfolio companies. We look forward to welcoming you to our new office.
Looking Ahead
We step in to 2025 with immense gratitude for the exceptional individuals, teams and partners who have made this year a rewarding journey. From all of us at Bloom Equity Partners, thank you for your continued support and for being an integral part of our journey. Here’s to an even brighter and more impactful year ahead.