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Celigo Closes $8 Million in Growth Equity Funding
Investment from TVC Capital to accelerate sales and marketing expansion concurrent with the launch of Celigo’s integrator.io platform, a scalable, secure and robust integration Platform-as-a-Service (iPaaS) for cloud ecosystems
SAN MATEO, Calif., March 8, 2016 /PRNewswire/ — Celigo, a leading provider of scalable and easy-to-implement integrations that connect cloud-based applications, today announced it has secured $8 million in expansion capital from TVC Capital, a San Diego-based growth equity firm focused on investments in and acquisitions of software companies. The funding marks Celigo’s first institutional capital since its founding in 2006. Steven J. Hamerslag, Managing Partner of TVC Capital, will join the board of directors for Celigo. The new financing round will be used to expand Celigo’s sales, marketing, product development, and services capabilities.
"We live in a best-of-breed world where a typical enterprise has a multitude of SaaS applications that need to be connected. Our mission is to make integrations between these applications as simple, secure and robust as possible," said Jan Arendtsz, CEO of Celigo. "Coming off record revenue and customer growth in 2015, Celigo is at an inflection point in its history. The funding provides us the opportunity to take our unique model of pre-built integrations backed by a modern iPaaS solution to companies of all sizes, from small businesses to large enterprises."
"Celigo’s unparalleled, deep integration expertise has allowed us to automate nearly every aspect of our business with incredible uptime, across Hanover Direct’s catalog and e-commerce retail business. Thanks to Celigo’s Integrator, our orders flow seamlessly from our Demandware web store direct to our warehouses for fulfillment. Celigo has been a trusted strategic partner, and I’m excited to see what’s next from Celigo," said Don Kelley, CEO at Hanover Direct.
Traditional iPaaS vendors require customers to hire third-party developers or system integrators to build integrations on top of their platform, adding significant cost and complexity to deployments. Celigo is redefining application integration by giving all businesses the freedom to choose between installing pre-built integrations or developing their own integrations using an iPaaS platform.
- SmartConnectors™: Pre-built integrations between popular cloud-based applications that can be installed from the integrator.io marketplace without incremental development or IT resources. Highly configurable and customizable, Celigo’s SmartConnectors integrate such leading SaaS applications as NetSuite, Salesforce, Google Apps, Microsoft Office 365, Zendesk, Atlassian, Shopify, and Amazon.
- Integrator.io: A modern iPaaS that provides both business and technical users with an intuitive user interface to integrate anything with anything. This iPaaS is optimized for integrating modern cloud-based applications, especially those that support a REST-based interface or similar. Additionally, third-party application developers and SaaS vendors can develop SmartConnectors using the integrator.io platform and share them in the integrator.io Marketplace.
Celigo solves the business application integration needs of hundreds of customers including Glassdoor, Zenefits, Trulia, Jonathan Adler, American Giant, Alton Lane, Splunk, Lucky Brand, Louisville Slugger, Nautilus, IdeaPaint, Gravity Defyer, among others.
Mr. Hamerslag commented, "We saw a tremendous opportunity to partner with Celigo in expanding its market leadership and exceptional reputation to the broader SaaS ecosystem." Mr. Hamerslag further commented, "Celigo’s unparalleled reputation amongst NetSuite (N) customers is an asset that can be credibly leveraged within the Salesforce (CRM), Workday (WDAY), and other major SaaS market segments."
Celigo is pioneering the future of application integration. Celigo’s SmartConnectors™ enable independent SaaS applications to work together seamlessly. These robust, pre-built, highly customizable integrations are backed by the integrator.io, an easy-to-use middleware platform for building custom integrations. Headquartered in San Mateo, California, Celigo is trusted by over 800 active customers to power their business everyday, integrating a wide variety of business systems like NetSuite, Salesforce, Google, Microsoft Office 365, Zendesk, and Amazon. For more information visit: www.celigo.com, and follow Celigo on Youtube and Twitter.
About TVC Capital, LLC:
TVC Capital is a San Diego-based growth equity firm with over $235 million under management. TVC is focused on investments in and acquisitions of business critical software firms. TVC targets a wide spectrum of software sectors and industry verticals that are poised for growth and consolidation. The TVC team is led by operating executives with more than 80 years of experience growing technology companies into market leaders. Current and past investments include Accordent Technologies, Levels Beyond (Reach Engine), Del Mar Datatrac, Limeade, LiquidPlanner, MediaPlatform, Mercent, Centage, and ReverseVision. For more information, visit www.tvccapital.com.