News : Evolve IP Closes Majority Investment From Great Hill Partners
Wayne, PA, USA, June 8, 2016 -- Evolve IP, The Cloud Services Company™, announced that it has closed its majority investment from Great Hill Partners, a middle-market growth-oriented private equity firm. Terms of the transaction were not disclosed.
"We are very pleased to announce the closing of the transaction today and look forward to working with Great Hill Partners going forward," said Thomas J. Gravina, Chairman, CEO and Co-Founder of Evolve IP.
Posted by Veronica Silva Cusi, news correspondent
Source: Evolve IP
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About Evolve IP:
Evolve IP is a leading cloud-based technology provider that offers businesses a better way to buy and manage their applications, infrastructure, and security solutions. We help organizations outsource technologies that are not within the budget, skills, or focus of their IT resources. Evolve IP customers upgrade their legacy environment without capital expense, accomplish more with enhanced features, increase stability and control with an award winning portal and reduce their carbon footprint, which allows them to focus on their core business and reduce costs.
About Great Hill Partners:
Great Hill Partners is a Boston-based private equity firm. Great Hill Partners partners with rapidly growing middle market companies operating in the following sectors: business services, consumer services, financial technology, healthcare technology, Internet, logistics, media/communications, software and transaction processing.
Published: Friday, June 10, 2016