No financial terms were immediately disclosed from the deal, which marks Evolve IP’s third publicly disclosed acquisition in 2017. It’s part of the expansion playbook set up by Boston-based venture firm Great Hill Partners following a majority investment in the suburban company back in 2016.
“Evolve IP provides enterprises with integrated cloud solutions for both communications and computing,” said Evolve IP President Guy Fardone in an email. “It’s the OneCloud model and it makes IT more efficient. The addition of IDaaS for Evolve IP’s solutions, integrated with 4,000 cloud applications, makes IT even more effective.”
Fardone said no layoffs were expected as part of the deal. After adding Clearlogin’s employees into the fold, Evolve IP now employs 350 across its offices in Philly, Austin, Phoenix and its suburban headquarters. It also has an international footprint by way of outposts in Germany, Israel and the Netherlands.
Founded in 2006, Evolve IP offers its solutions to some 1,500 enterprise clients, reaching a user base of around 350,000 in verrticals like healthcare, finance and retail.
Emarketing company Monetate will be acquired by a Dallas-based cloud biz
Exton cell and gene therapy company Fibrocell will be acquired for $63.3M
Exton-based insurance software firm iPipeline purchased for $1.6B
How Relay is helping enterprise clients get proactive about customer engagement
Hero Digital is acquiring Austin-based marketing company Bulldog Solutions
JP Morgan Chase scoops up InstaMed, but the healthcare-tech company isn’t leaving Philly
For its 15th acquisition, Evolve IP bought an Austin-based speech analytics company
These hiring companies want to meet you at NET/WORK Suburbs
Sign-up for daily news updates from Technical.ly Philadelphia