News & Resources

Founded in 1999 and based in Norwell, MA, TriCore is a rapidly growing provider of application and infrastructure management services, focused predominantly on enterprise resource planning, database platforms, and data warehousing and business intelligence solutions. TriCore also provides infrastructure hosting and consulting services in support of its customers’ applications. TriCore currently has over 250 customers who rely on the company to provide for 24/7/365 monitoring, maintenance and support of their mission-critical business applications.

Matt Kinsey, a Partner at BV, said, “We began conversations with TriCore Solutions’ management team, led by CEO and founder Bob Forman, President Mark Clayman, and CFO Art Green, in the spring and are excited to get to work executing on the growth plan we have developed in partnership with management. We look forward to supporting the company as it continues to scale its operations and expand its leadership position in the application management services space.”“This investment leverages BV’s history of investing in information and business services and the Firm’s experience within IT managed services” said Sean Wilder, a Principal at BV. “In working with the management team, we have identified several significant growth opportunities for TriCore, including expansion into new geographies and applications, and we look forward to working with them to capitalize on these opportunities.”

Vikrant Raina, Managing Partner of BV, said, “TriCore’s talented and experienced management team has built an outstanding organization. The business addresses a large and growing market opportunity and is a strong addition to the existing high growth investments in our Fund VIII portfolio. Throughout the Firm’s history, our investment team has worked on a proprietary basis with numerous successful entrepreneurs to craft customized recapitalization solutions that allow them to continue to participate in the ongoing growth of the business. We look forward to partnering with TriCore’s senior management team to help achieve TriCore’s full potential.”

TriCore represents the third transaction in Fund VIII, which includes The Efficient Collaborative Retail Marketing Company, an integrated marketing services, software, and data provider serving consumer product manufacturers and retailers, and INetU, a leading provider of complex managed hosting and cloud services to enterprise customers. Mr. Raina, Mr. Kinsey, and Mr. Wilder have joined TriCore’s Board of Directors; additionally Armand Mignot, an Associate at BV, is part of the deal team.

“We are extremely excited about this newly formed partnership with BV” said Bob Forman, CEO of TriCore. “With the resources and experience that Vikrant, Matt and Sean are able to bring to TriCore within the technology services industry along with the rest of the team at BV, TriCore will now have the financial and advisory resources to enable significant growth as we embark on this next chapter.”

Ropes & Gray served as legal counsel to BV on the transaction. TriCore was represented by Choate, Hall & Stewart LLP.

About TriCore Solutions

TriCore Solutions, the “application management experts”, provides a full suite of scalable and reliable managed application, cloud, infrastructure hosting, and professional services to enterprise organizations. The company delivers its services and the TriCore Trusted Promise to more than 250 companies worldwide to raise service levels, improve the customer experience, increase business agility, accelerate innovation, and reduce costs, unlocking the business value from their IT investments. TriCore Solutions is headquartered in Norwell, MA, with two offices in India and throughout North America. For more information, please visit TriCore Solutions’ website.