This Wayne-based cloud company just got a bunch of hiring money - Technical.ly Philly

Business

Jun. 16, 2016 11:10 am

This Wayne-based cloud company just got a bunch of hiring money

A Boston venture firm (reportedly) pumped $100+ million into Evolve IP.

Evolve IP's offices in Wayne.

(Courtesy photo)

Great Hill Partners, a Boston-based investment firm, made a major investment in Evolve IP last week. The Wayne, Pa.-based cloud services company was founded in 2006.

The 200-employee organization will use the undisclosed proceeds from the round to grow both its product offering and to staff up. The goal is to have 60-80 additions to the team over the next two years, according to company officials.

Although the figure of the investment is undisclosed, the Boston-based investment firm says its minimum investment is $25 million. Philly.com reports the figure is north of $100 million.

Excluding this recent investment, Evolve IP has received over $55 million in funding rounds since 2008.

“With this investment, we will have the opportunity to accelerate our growth, organically and via acquisitions, much more quickly than we could have as a closely held company,” CEO and cofounder Thomas Gravina said in a press release.

Evolve IP’s cloud-based services (like virtual desktops, virtual servers, etc.) are deployed in 1,300 commercial business accounts, racking up around 100,000 combined users.

See new jobs in your tech community
Companies: Evolve IP
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

This Week in Jobs: Fall patterns that go great with engineering roles

This Week in Jobs: Blockbuster-grade jobs in events, data viz and UX

The talent acquisition pro’s war on bad candidate experience technology — and how to win

SPONSORED

Philly

Meet these 10 hiring companies at Super Meetup

Philadelphia

Perpay

UX Designer

Apply Now
Chesterbrook, PA

Deacom

Inside Sales Representative

Apply Now
Horsham, PA

Penn Mutual

Product Owner/Business Transformation Specialist

Apply Now

This Week in Jobs: Here’s an extra shot of jobs for ya

This Week in Jobs: Careers as hot as the midsummer sun

On the Market: Why you should consider a dev job at this poverty reduction nonprofit

SPONSORED

Philly

Verizon is looking for the brightest ideas on how to use its 5G technology

Center City

Inspire

Member Experience Specialist

Apply Now
Philadelphia, PA

Perpay

Frontend Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!