Expansion of company to be funded through flexible, growth debt funding package that requires no equity exchange or loss of management control
Connexio Cloud, a leading developer of customer-engagement and workforce-management software, has secured significant growth financing from Decathlon Capital Partners.
The company headquartered in Rochester, N.Y., will use the funds for expanded platform development, sales and marketing, and customer support. Details of the variable-repayment debt transaction were not disclosed.
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William Shaheen, CEO of Connexio Cloud, said the additional funding doesn’t require any dilution, loss of management control or costly additional overhead. “Our financial partnership with Decathlon Capital Partners provides important flexibility for our growing company,” Shaheen said. “We have an exciting market opportunity and the bespoke growth funding package from Decathlon will help us scale and reach our full potential without incurring any dilution. This is important as we serve an expanding number of clients who find our products to be a transformative force that streamlines communications and management processes.”
Wayne Cantwell, Managing Director of Decathlon Capital Partners, said the growth of Connexio Cloud during its 12-year history reflects the value of its comprehensive software tools to business enterprises across the globe. “With its experienced leadership, commitment to cutting-edge products and focus on user-friendly interfaces, Connexio is well-positioned to continue its growth trajectory,” Cantwell said. “Decathlon Capital Partners is proud to support Connexio Cloud as it strengthens its industry leadership.”
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