April 30, 2010

SJF Realizes Successful Exit in Ryla, Inc.

Ryla Receives Strategic Investment from Alorica; SJF Exits Fund I Portfolio Company

SJF Ventures’ portfolio company Ryla, Inc., has received a strategic investment from California-based Alorica, Inc.  The partnership helps solidify Ryla as a leading call center solutions provider and infuses additional capital for growth.  Ryla will continue to operate as a stand-alone entity, drawing on the company’s unique, people-focused corporate culture.   CEO Mark Wilson and other management team members will remain with the company.  SJF Ventures, Frontier Capital, CDVCA and other previous capital sources have exited their investments as part of the transaction.  SJF provided Ryla’s first institutional investment when the company had fewer than 25 employees and $2 million in annual revenue.  Today, Ryla employs over 3,500 individuals and has generated more than $100 million in revenue during its most recent fiscal year.

Headquartered in Kennesaw, GA, Ryla is ranked one of the fastest growing private companies in the nation by Inc. magazine and nationally recognized as a top workplace.  Last week Ryla was named the fastest growing private company in Atlanta by the Atlanta Business Chronicle.  Both Ryla and Alorica are certified Minority Business Enterprises in the customer care industry.

Read the full press release.