Latest news with #Argentum
Los Angeles Times
6 days ago
- Business
- Los Angeles Times
CloudCover Receives Growth Investment from Argentum to Accelerate Global Expansion
Irvine-based CloudCover, a provider of third-party maintenance and IT lifecycle management solutions powered by its cloud-based platform, announced a growth investment from Argentum, a New York-based growth equity firm. The investment will support CloudCover's continued expansion into global markets and accelerate the development of its platform, CoverIT, a service operations platform that enables more efficient and scalable third-party maintenance across the IT ecosystem. 'CloudCover has reached a pivotal point in its growth journey,' said Jeff Huggins, founder and chief executive of CloudCover, in a statement. 'The opportunity to lead the third-party maintenance and IT lifecycle management markets through technology innovation is massive and accelerating. Argentum is the right partner to help us scale, without compromising the culture, vision or execution that got us here.' Huggins will continue to lead the company as chairman and CEO and remain the majority shareholder after the investment. New York-based Argentum partners with founder-led B2B software and technology-enabled services companies to accelerate growth, fund acquisitions and generate shareholder liquidity. It fills the gap between venture capital funds and later-stage private equity firms by targeting capital-efficient companies that are not seeking a change in control. Argentum has invested in over 100 companies and supported more than 200 add-on acquisitions. DLA Piper advised Argentum on its strategic growth investment in CloudCover. Information for this article was sourced from CloudCover.
Yahoo
17-07-2025
- Business
- Yahoo
CloudCover Receives Growth Investment from Argentum to Accelerate Global Expansion and Technology Innovation
IRVING, Calif., July 10, 2025 /PRNewswire/ -- CloudCover, a leading provider of third-party maintenance (TPM) and IT lifecycle management solutions powered by its cloud-based CoverIT™ platform, announced yesterday a growth investment from Argentum, a New York-based growth equity firm that partners with founder-led B2B software and technology-enabled services companies. The investment will support CloudCover's continued expansion into global markets and accelerate the development of its platform, CoverIT™—a purpose-built service operations platform that enables more efficient and scalable TPM delivery across the IT ecosystem. "CloudCover has reached a pivotal point in its growth journey," said Jeff Huggins, founder and CEO of CloudCover. "The opportunity to lead the TPM and IT lifecycle management markets through technology innovation is massive—and accelerating. Argentum is the right partner to help us scale, without compromising the culture, vision, or execution that got us here. We're incredibly proud of the team we've built and energized by the road ahead," Mr. Huggins will continue to lead the Company as Chairman and CEO and remain the majority shareholder after the investment. CloudCover's platform and services are used by major IT channel partners to deliver flexible, cost-effective infrastructure support and field services around the globe. The company's differentiated platform model and partner-first approach have fueled rapid growth in both North America and international markets. "We've earned the trust of some of the biggest names in the channel by delivering reliability, responsiveness, and the flexibility they need to win," said Robert Kenney, Chief Revenue Officer at CloudCover. "This partnership with Argentum allows us to invest further in our partner ecosystem, continue our international expansion, and deliver an even higher standard of support." "CloudCover's purpose-built platform coupled with its global service capabilities offers its channel partners the opportunity to participate in the lucrative TPM market in a frictionless way with limited investment and under their own brand. We believe this "channel-first" strategy represents a highly differentiated approach to the TPM market that positions CloudCover to continue its rapid growth, said Daniel Raynor, Managing Partner at Argentum. "We're excited to support CloudCover's experienced leadership team during the Company's next phase of growth and innovation." CloudCover joins a portfolio of founder-led companies backed by Argentum that are transforming their industries through innovation, customer focus, and operational excellence. About CloudCoverCloudCover is a leading provider of third-party maintenance (TPM) and IT lifecycle management solutions for the global IT channel. Powered by its purpose-built CoverIT™ platform, CloudCover enables partners to deliver efficient, flexible infrastructure support at scale. With a global footprint and a partner-first mindset, CloudCover is transforming how IT services are delivered and managed worldwide, from desktop to data center. Learn more at About ArgentumArgentum is a New York-based growth equity firm that helps scale bootstrapped, capital efficient B2B software, technology-enabled, and business services companies. The firm provides capital to accelerate growth, fund acquisitions, and generate shareholder liquidity. Over its 30+ year history, Argentum has invested in over 100 companies, supported more than 200 add-on acquisitions, and been named to Inc's list of Top Founder Friendly Investors for five consecutive years. Argentum fills the growing gap between venture capital funds and later stage PE firms by targeting capital-efficient companies that are not seeking a change in control. Learn more at View original content to download multimedia: SOURCE CloudCover IoT, Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
29-05-2025
- Business
- Business Wire
SafelyYou Announces CEO George Netscher Elected to Argentum Board of Directors
SAN FRANCISCO--(BUSINESS WIRE)-- SafelyYou, the leader in empowering safer, more person-centered care across senior living through world-leading AI, industry-changing hardware, and remote expert clinicians, has announced that founder and CEO George Netscher was elected to the Board of Directors for Argentum, the leading national association dedicated to supporting companies that operate professionally managed, resident-centered senior living communities. Innovation, excellence, and compassion. Leaders elected to Argentum's Board of Directors are chosen for their deep expertise and commitment to shaping the future of senior living through innovation, operational excellence, and compassionate care. Netscher founded SafelyYou to elevate care in memory care communities after his family's own experience with Alzheimer's. He watched his grandmother and aunt live with the disease and committed to finding a better way to care for his mom before she likely developed it. Today, SafelyYou delivers the most comprehensive ambient AI platform in senior living—purpose-built to elevate safety, wellness, and operational performance. Powered by more than 7 million observational resident days, SafelyYou's suite of integrated solutions provides unparalleled insights, enabling communities to deliver an unmatched level of care quality and consistency. Backed by multiple large-scale studies, SafelyYou is proven to reduce falls by 40%, decrease fall-related ER visits by 80%, extend resident length of stay by over four months, and increase communities' NOI by up to 20% annually. Responding to his appointment to the Argentum board, Netscher said, 'This is such an honor and such a tremendous opportunity to create impact across senior living both now and in the future. I'm incredibly excited to partner with the other board members to address critical issues in collaborative, innovative ways that bring meaningful change for residents, families, caregivers, and communities. It's been particularly encouraging to see the commitment from the Argentum Board in navigating how new AI technologies can be used thoughtfully and with the right ethical standards in place. That kind of leadership is exactly why selecting senior housing is such a powerful choice for aging folks, where technology is thoroughly vetted and ethically used, as opposed to having to navigate innovation on their own and perhaps being vulnerable to less stringent standards.' James Balda, President and CEO of Argentum, added, 'We're really looking forward to George's tenure on the board. We value his insights, his deep commitment to improving the lives of residents, and his proven ability to transform the industry through innovation. We welcome him and all the new members and are excited to have their support as we further our mission.' Argentum Board of Directors members serve 3-year terms. The newly elected board members held their first meeting during the Argentum Conference in Tampa on May 20 th. About SafelyYou Originating in 2015 as the doctoral research of CEO George Netscher—and inspired by his own family's experience with Alzheimer's disease—SafelyYou was spun out of UC Berkeley's Artificial Intelligence Research Lab, one of the top five AI research groups in the world. The company's passionate mission is to empower safer, more person-centered care across senior living through world-leading AI, industry-changing hardware, and remote expert clinicians. SafelyYou is solving critical challenges in senior living, from resident falls and ER visits to staffing concerns, LOS, and NOI. All helping ensure that communities reach both their clinical and financial goals. SafelyYou is used by skilled nursing facilities and assisted living communities all across North America—from the largest national organizations to regional and local ones, too. SafelyYou is one of five most innovative fall technologies referenced in the Senate Falls Report (2019), a winner of the McKnight's Tech Partner of the Year, and has been named to Fortune's Impact 20 list.
Yahoo
29-05-2025
- Business
- Yahoo
SafelyYou Announces CEO George Netscher Elected to Argentum Board of Directors
Netscher and other leaders selected for their expertise and commitment to creating the future of senior living through innovation, operational excellence, and compassionate care Board members play critical role in shaping strategy, advising on policy, and driving initiatives to support quality care, workforce development, and operational success in the industry SAN FRANCISCO, May 29, 2025--(BUSINESS WIRE)--SafelyYou, the leader in empowering safer, more person-centered care across senior living through world-leading AI, industry-changing hardware, and remote expert clinicians, has announced that founder and CEO George Netscher was elected to the Board of Directors for Argentum, the leading national association dedicated to supporting companies that operate professionally managed, resident-centered senior living communities. Innovation, excellence, and compassion. Leaders elected to Argentum's Board of Directors are chosen for their deep expertise and commitment to shaping the future of senior living through innovation, operational excellence, and compassionate care. Netscher founded SafelyYou to elevate care in memory care communities after his family's own experience with Alzheimer's. He watched his grandmother and aunt live with the disease and committed to finding a better way to care for his mom before she likely developed it. Today, SafelyYou delivers the most comprehensive ambient AI platform in senior living—purpose-built to elevate safety, wellness, and operational performance. Powered by more than 7 million observational resident days, SafelyYou's suite of integrated solutions provides unparalleled insights, enabling communities to deliver an unmatched level of care quality and consistency. Backed by multiple large-scale studies, SafelyYou is proven to reduce falls by 40%, decrease fall-related ER visits by 80%, extend resident length of stay by over four months, and increase communities' NOI by up to 20% annually. Responding to his appointment to the Argentum board, Netscher said, "This is such an honor and such a tremendous opportunity to create impact across senior living both now and in the future. I'm incredibly excited to partner with the other board members to address critical issues in collaborative, innovative ways that bring meaningful change for residents, families, caregivers, and communities. It's been particularly encouraging to see the commitment from the Argentum Board in navigating how new AI technologies can be used thoughtfully and with the right ethical standards in place. That kind of leadership is exactly why selecting senior housing is such a powerful choice for aging folks, where technology is thoroughly vetted and ethically used, as opposed to having to navigate innovation on their own and perhaps being vulnerable to less stringent standards." James Balda, President and CEO of Argentum, added, "We're really looking forward to George's tenure on the board. We value his insights, his deep commitment to improving the lives of residents, and his proven ability to transform the industry through innovation. We welcome him and all the new members and are excited to have their support as we further our mission." Argentum Board of Directors members serve 3-year terms. The newly elected board members held their first meeting during the Argentum Conference in Tampa on May 20th. About SafelyYou Originating in 2015 as the doctoral research of CEO George Netscher—and inspired by his own family's experience with Alzheimer's disease—SafelyYou was spun out of UC Berkeley's Artificial Intelligence Research Lab, one of the top five AI research groups in the world. The company's passionate mission is to empower safer, more person-centered care across senior living through world-leading AI, industry-changing hardware, and remote expert clinicians. SafelyYou is solving critical challenges in senior living, from resident falls and ER visits to staffing concerns, LOS, and NOI. All helping ensure that communities reach both their clinical and financial goals. SafelyYou is used by skilled nursing facilities and assisted living communities all across North America—from the largest national organizations to regional and local ones, too. SafelyYou is one of five most innovative fall technologies referenced in the Senate Falls Report (2019), a winner of the McKnight's Tech Partner of the Year, and has been named to Fortune's Impact 20 list. For more on SafelyYou, visit: Connect with SafelyYou on LinkedIn: View source version on Contacts For media inquiries, please contact:Kristin Faulder (on behalf of SafelyYou)(586) 419.4652kristin@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19-05-2025
- Business
- Business Wire
PointClickCare Enhances the Senior Living Resident Experience with Senior Sign
TORONTO--(BUSINESS WIRE)-- PointClickCare, a leading health tech company helping providers deliver exceptional care, announced today that it will showcase the latest product in its senior living lineup, Senior Sign, at Argentum Senior Living Executive Conference May 19-21 in Tampa, Florida. Built specifically for senior living, PointClickCare chose to partner with Senior Sign to eliminate manual move-in paperwork, creating a modern, welcoming experience for new residents and their families. It also helps staff maintain compliance and achieve up to a 60% reduction in administrative tasks, giving them more time to engage with residents and focus on their overall experience. The senior living industry is at a crossroads: 87% of communities report challenges in hiring staff to provide care and services and nearly half of assisted living residents experience hospitalization during their first year of stay. Resident and family expectations are rising at a time when staff are overburdened. Through integrated partner solutions like Senior Sign, PointClickCare is helping to remove inefficiencies, allowing staff to spend less time on paperwork and instead focus on providing new residents a more meaningful, personalized wellness journey. 'We recently worked with Senior Housing News to survey dozens of senior living organizations, and the results were clear: they are looking to technology to help improve resident satisfaction and boost revenue growth,' said Kristy Yoskey, Vice President, Market Leader of Senior Living at PointClickCare. 'But existing gaps in care coordination make it challenging to achieve these goals, especially as resident expectations and care needs evolve. Operators are committed to delivering the highest possible level of wellness for their residents, and we believe paperwork shouldn't stand in the way of someone moving into their new home. Senior Sign is designed to remove that barrier and streamline the move-in process. We look forward to connecting with the industry's brightest minds at Argentum and working together to shape a healthier future for our communities, providers, and the residents they serve.' 'As Senior Sign's biggest fan and a long-time PointClickCare customer, I could not be more excited about this growing partnership,' said Thomas Cloutier, Chief Marketing Officer, Arete Living. 'The more streamlined our processes are, the more time we can dedicate to delivering outstanding care, connection, and support. Our team loves Senior Sign because it empowers them to move past the paperwork quickly and focus on helping even more seniors and their families navigate their living options.' Argentum Senior Living Executive Conference brings together thousands of senior living professionals, operators, owners, executives, and community leaders for an elevated educational experience that recognizes the unique challenges facing senior living professionals today. As part of PointClickCare's presence at Argentum, attendees can join two sessions: ' Advancing Resident Wellness, Collaboratively,' on Monday, May 19, from 11:00-11:10 a.m. in Room 120. Led by Kristy Yoskey, Vice President, Market Leader of Senior Living at PointClickCare, the session will highlight the importance of collaboration across home health, therapy, and community partners to create communities where residents can thrive. ' Extending Resident Length of Stay Through Real-Time Service Coordination in Senior Living,' on Wednesday, May 21 from 10:45-11:30 a.m. in Room 120. This session will be led by Murry Mercier, Director of Senior Living Solution Consulting at PointClickCare, alongside Derek Harris, Managing Director of Wellness Integration, Arrow Senior Living; Joe Velderman, Vice President of Innovation, Cypress Living; and Josh Stevens, Founder and CEO of EmpowerMe Wellness. This panel will delve deeper into measurable outcomes senior living operators are finding by advancing care coordination for residents with the help of PointClickCare and other partners. To learn more about how PointClickCare is leading the charge to advance total wellness coordination in senior living, click here. For more information on how Senior Sign can help simplify the move-in process and reclaim time for your staff, visit Booth #515 or visit our website to request a demo. About PointClickCare PointClickCare is a leading health tech company with one simple mission: to help providers deliver exceptional care. With the largest long-term and post-acute care dataset, we power AI-driven healthcare to deliver intelligent transitions, insightful interventions, and improved financial performance. Enhanced by our Marketplace of 400+ integrated partners and trusted by over 30,000 provider organizations and every major U.S. health plan, we're redefining healthcare, so it doesn't just survive — it thrives.
