Enterprise hybrid cloud and IP solutions providers are securing new funding in response to growing demand and to accelerate growth.
Unitas Global, for example, has secured $10 million in funding from Boathouse Capital, along with all investors participating in the round, including Series A co-lead investors Azure Capital and MK Capital. This financing will help the company fund proprietary software platforms that make hybrid cloud easy to manage and consume, and it will help them invest in new opportunities to accelerate global growth and expand their solutions.
The company’s impressive performance was recently acknowledged by industry analysts, and resulted in numerous awards recognizing service innovation, growth and excellence. Unitas, doe instance, made the top 25 percent of the Inc. 5000 list of fastest-growing companies in America for the first time. And last year, Unitas was recognized for a host of industry awards, including the CRN Top 150 Fastest Growing Companies; the Red Herring Top 100 Global List; and No. 23 on the Talkin’ Cloud 100 report. Unitas helps a diverse base of clients across several different industries including Software-as-a-Service (SaaS), finance and healthcare.
Unitas Global plans to use the new capital to further develop its popular enterprise cloud and IP solutions. This includes a new technology platform, launching in 2018, focused on application orchestration, unifying hybrid cloud management, application and system performance monitoring and cloud connectivity into a seamless user experience.
Funds will also be invested to help the company continue to scale and support strong customer demand. Having demonstrated profitability, Unitas Global now finds itself in a position to use the new investment to accelerate growth, bolster its team, enhance services, invest in the development of new technology and pursue geographic expansion.
“Management believes the mature, rapidly-growing cloud services market means the time is now to further strengthen our industry-leading position,” stated Patrick Shutt, Unitas’ CEO. “This capital allows us to expand our solutions team in order to better capture the revenue opportunity, as well as develop highly differentiated technology that supports our mission of simplifying cloud technologies for enterprise organizations.”
The Unitas Global Board of Directors is also welcoming Andrew Olsen, a Principal at Boathouse Capital, to serve on the Board as its newest member.
“Unitas is building game-changing technology that’s going to transform how companies think about cloud,” said Olsen. “This new concept adds to the value Unitas brings to its clients by unifying what are typically disparate systems. Our investment is a reflection of our belief that Unitas is the best-positioned enterprise cloud solutions provider in the market, and we’re excited to be a part of the story.”
“Unitas has the potential to make a tremendous impact on the cloud market with their unique approach and experience with enterprise IT,” added Bret Maxwell, Managing General Partner, MK Capital. “By expanding its IP development, geographic presence, and continuing to grow their team, Unitas is committed to leading the way in managed hybrid cloud for the enterprise.”
General Partner at Azure Capital Paul Weinstein also commented on the announcement.
“Today’s enterprise cloud market is evolving at an incredible rate,” stated Weinstein. “Unitas’ tremendous growth, industry experience, and unique vision ideally positions the company to make a significant impact in the way the enterprise consumes cloud technologies.”
To learn more about Unitas Global, click here.