Cypress Growth Capital Invests in Elevate Services Group

Cypress Growth Capital is pleased to announce our recent investment in Elevate Services Group, a Denver–based IT Managed Service Provider (MSP) and Managed Security Service Provider (MSSP) that provides outsourced IT, cybersecurity, and strategic planning services for small and medium-sized businesses, including a specific focus on rural healthcare providers.

CEO Evan Eakin and his cofounders started Elevate Services Group in 2017 with a fresh approach to outsourced IT. Instead of ad hoc support and as-needed implementations, Elevate offers fully managed or co-managed services that deliver proactive support, enterprise-grade security, and clarity around IT investments. In short, they replace fragmented, reactive IT with forward-looking technology solutions that align with business strategy. They call this the “Elevate Way”, which provides critical value to their clients in the rapidly evolving technology and threat landscape of AI.

“The Cypress team’s non-dilutive capital aligns with our preferred investment approach, while their operating experience is the key to our strong partnership."

Evan Eakin, Co-Founder and CEO of Elevate Services Group

"Cypress’s non-dilutive capital approach fit our shareholders' needs," said Evan. “And the Cypress team aligns perfectly with Elevate’s growth plans. Their investment and operating experience in tech-enabled services allows them to intuitively understand and advise on our business. That is the key to our partnership."

Elevate's operating model stood out in Cypress's investment decision. "As we got to know the Elevate leadership team, we came to appreciate their relentless focus on creating successful outcomes for their customers with high-level thinking and boots-on-the-ground execution," said Vincent Hsieh, Managing Director at Cypress. "Elevate adds significant value at the executive level of their clients. We're excited to partner on their next phase of growth."

Cypress’s investment will be used for sales and marketing initiatives, accretive acquisitions, and expanded service offerings specific to the healthcare market.