CPaaS Frontrunner IntelePeer Secures $110M in New Funding Bringing 18 Month Total to over $170M
IntelePeer, a leading Communications Platform as a Service (CPaaS) provider, is pleased to announce the completion of $110M in new funding, with $75M in convertible notes and debt financing from Sixth Street Growth and $35M in equity from Savant Growth. Building on a recent credit facility of over $60M from Sixth Street Growth to further accelerate the growth and innovation of its enterprise-centric Atmosphere® CPaaS platform, the new funding allows continued execution on IntelePeer’s growth and acquisition strategy to become the world’s leading CPaaS innovator.
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“Our highly differentiated turnkey solutions can be rapidly deployed, and this is of critical value for our customers, in a time when uncertainty is the norm. With increased investment in 2021, we move swiftly toward our goals to dominate the high-value CPaaS space.”
“This is true validation of the long-term strategy we embarked upon four years ago to expand beyond session initiation protocol (SIP) and voice into a full omni-channel communications solutions provider,” says IntelePeer CEO Frank Fawzi. “Thanks to the recent successes of our CPaaS-driven automation, AI-powered customer implementations and the hard work and creativity of our team members over the years, our growth will be both organic by significantly increasing the size of our sales, marketing, product and development teams, as well as inorganic through the acquisition of companies with compelling technology and complementary go-to-market approach.”
In addition to being identified as the most innovative privately owned CPaaS provider in the 2019 Frost & Sullivan RADAR®, and inclusion as an enterprise communications vendor in Gartner’s Market Guide for CPaaS, IntelePeer was recently named a major player in IDC’s IDC MarketScape: Worldwide Communications Platform as a Service 2021 Vendor Assessment (doc # US46746221, May 2021).
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“The momentum of the past years has been remarkable,” adds Fawzi. “Our highly differentiated turnkey solutions can be rapidly deployed, and this is of critical value for our customers, in a time when uncertainty is the norm. With increased investment in 2021, we move swiftly toward our goals to dominate the high-value CPaaS space.”
Atmosphere® CPaaS enables companies to engage with customers through voice, SMS and social messaging, provide AI-enabled automation and communications routing and access on-demand analytics for actionable intelligence.
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