Cytracom Receives Majority Investment from Sverica Capital Management to Accelerate Growth Plans
Summary
Cytracom plans to accelerate growth and investment into its channel offerings that provide MSPs the tools to better sell, support and manage the communication needs of their clients. This investment from Sverica allows us to accelerate our growth and empower more partners with the leading channel-only UC solution for their portfolio.” New purpose-built integrations, features and offerings planned for MSPs in 2020 will further simplify delivery of the service to their customers. “Through its commitment to innovation and reputation for reliability, Cytracom has positioned itself to take advantage of the tremendous market opportunity and widespread adoption of cloud communication solutions,” said Frank Young. “We look forward to partnering with Cytracom’s senior leadership as they drive the Company through the next phase of growth.” Bankstreet served as exclusive financial advisor to Cytracom in connection with this transaction. As the move to the cloud continues, Cytracom enables partners to expand their portfolios and ultimately extend their reach and revenue with end-to-end managed services.
Funding
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