CloudSmartz Lands Growth Funding from Decathlon Capital Partners
Expansion of innovative software vendor focused on revenue acceleration for communications service providers will be supported through a company-friendly, revenue-based funding agreement
NEW YORK, NY (PRWEB) JANUARY 17, 2023
CloudSmartz LLC., whose Acumen360™ software solution enables rapid digital transformation and revenue-acceleration solutions for Communications Service Providers (CSPs), landed a significant investment from Decathlon Capital Partners to support its ambitious growth initiatives.
Headquartered in Rochester, New York, CloudSmartz will use the fresh capital for additional investment in software development as an expansion of its sales and marketing reach. Details of the revenue-based financing were not disclosed.
Dan Wagner, Chief Executive Officer and Co-Founder of CloudSmartz, said the innovative Acumen360 platform developed by the company has been widely recognized as a significant technological advancement that assists Communications Service Providers of all sizes undertake digital transformation initiatives. “Automation is the key to driving lean, customer-centric communication services,” Wagner said. “Our Acumen360 platform helps our customers create and unlock significant value.”
Manjeet Dhariwal, the company’s Chief Technology Officer and Co-Founder, said CSPs and telecom companies turn to CloudSmartz to navigate a challenging environment. “Acumen360 helps them integrate the newest technology with legacy systems, develop agile and efficient automated processes, and provide their customers with the unified customer experience that builds loyalty,” Dhariwal said.
CloudSmartz was not required to give up any equity, ownership or control of the company in exchange for the growth capital. CloudSmartz will repay the investment through its future revenues.
Kevin Grossman, Vice President of Decathlon Capital Partners, said the flexible terms of revenue-based financing are valuable to rapidly growing companies such as CloudSmartz. “CloudSmartz has been among the fastest-growing privately held companies in America for five years, a recognition of the ability of its strong leadership team to address the needs of Communications Services Providers across the globe,” Grossman said. “The funding provided by Decathlon Capital Partners will further accelerate the upward trajectory of CloudSmartz.”
CloudSmartz delivers the industry’s leading digital marketplace and intelligent digital customer experience platform, Acumen360™ for on-demand global connectivity to accelerate digital transformation for Communications Service Providers (CSPs). Acumen360 drives value creation and revenue acceleration by unlocking customer software-centric automation. CloudSmartz helps CSPs transform into digital-first service providers by optimizing business intelligence, digitizing operations, and generating revenue opportunities through a unified service experience. Encompassing over a quarter-century of telecom and software-industry experience, CloudSmartz has been recognized by Inc. magazine as one of America’s Fastest Growing Privately-held Companies for five consecutive years. Learn more at https://cloudsmartz.com.
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at www.decathloncapital.com.