Investcorp, a global provider and manager of alternative investment products, announced an investment of $20 million
, a cloud solution focused on serving global mid-tier enterprise segment.
Calligo provides hosting services to their data and applications. The company’s proprietary cloud platform offers the highest levels of data privacy along with application performance guarantees, commercial flexibility and a personalized support service.
Calligo services hundreds of clients all over the world from its locations in Jersey, Guernsey, Switzerland
. The investment by Investcorp is expected to accelerate Calligo’s international expansion with new office locations in North America
and the UK.
, Chief Executive Officer of Calligo is optimistic about the investment and foresees growth.
“We are extremely pleased to have found the right partner in Investcorp during this exciting period of growth for the business. I believe Investcorp’s proven track record, global presence and extensive network will support the company’s continued international expansion and product innovation. Our ability to attract this investment is a fantastic validation of the business we’ve managed to build so far and the ongoing support from Investcorp will enable us to continue our exponential growth.” he said.
Investcorp has established a market leading position of investing in lower mid-market technology companies
with a particular focus on Data / Analytics, IT Security and Fintech / Payments. It has raised more than $1 billion in funding for technology investments.
Gilbert Kamieniecky, Managing Director focused on Investcorp’s technology investments in Europe
, is positive on partnering with Calligo. Talking on the growth and expansion of Calligo he said:
“The mid-tier enterprise segment is lagging behind in adopting cloud solutions. In our view, Calligo pairs an attractive market opportunity with a highly compelling product and a proven and experienced management team. With our strong track record of working with fast-growing, founder-owned businesses in the technology space, we believe that we will be a valuable partner to the company as it continues to expand internationally, both organically and through targeted add-on acquisitions.”