News : Simplus Closes Funding Round, Acquires CRM Manager
Salt Lake City, UT, USA, Dec, 2017 -- Simplus announced the successful closure of its Series B funding round and acquisition of consulting firm, CRM Manager.
Repeat Simplus investor EPIC Ventures led the round, joined by existing investor Salesforce Ventures, newcomer Cross Creek Advisors, and others. Simplus, a Platinum Salesforce Partner, raised additional $8.5 debt financing from Silicon Valley Bank. A portion of the equity infusion was used to acquire CRM Manager, Simplus’ fourth Salesforce partner acquisition since receiving Series A funding in Q3 2016.
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"We believe there is currently an opportunity for growth in the marketplace between large advisory firms and smaller consultancies," said Ryan Westwood, CEO of Simplus. "To best serve our 2000+ clients, we will continue to acquire top-notch companies, hire exceptional talent, and expand our Salesforce services from campaign to cash. We believe the acquisition of CRM Manager will help us accomplish our goals."
"I am thrilled to be part of the Simplus Team," said Andy Atkins, CEO of CRM Manager. "As a Salesforce Partner, I wanted to make sure that our more than 1,000 clients will receive an additional benefit from our strategic decision to be acquired. Simplus offers not only that same level of customer quality but also particular expertise in the quote-to-cash space."
This partnership comes on the heels of major growth for Simplus, a newly minted Certified Platinum Salesforce Partner in Quote-to-Cash implementations.
"We are pleased to see and be a part of the growth happening at Simplus," said EPIC Ventures Managing Director Kent Madsen.
Posted by Veronica Silva Cusi, news correspondent
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