M/C Partners, a private equity firm focused exclusively on the communications, media, and information technology sectors, acquired a majority stake in Denovo, a provider of ERP cloud hosting, consulting and managed services. Financial terms were not disclosed. “We envision Denovo playing a leading role in consolidating ERP consulting, managed services and hosting providers serving small to medium enterprises. Denovo has built a strong brand in the JD Edwards community and we are excited to partner with Denovo’s founding management team,” Gillis Cashman, M/C Partners Managing Partner.