EAM Announces Strategic Investment in Connectbase
EAM’s Investment will Support Connectbase’s Global Growth and Fund the Acquisition of Cloud Age
Equality Asset Management (EAM), a Boston-based personal fairness agency centered on investing in transformative progress software program and know-how corporations, as we speak introduced a strategic progress funding in Connectbase, a number one supplier of information and software program to the communications infrastructure market. EAM’s funding will speed up Connectbase’s product innovation and international growth and also will help Connectbase’s acquisition of Cloud Age, an bill automation and spend administration SaaS platform.
The funding in Connectbase underscores EAM’s dedication to partnering with market-leading corporations and offering strategic and working experience to help progress. Connectbase supplies digital infrastructure insights, mapping, and workflow automation that energy how community suppliers, know-how companions, and enterprises purchase, promote, and handle connectivity. The acquisition of Cloud Age strengthens Connectbase’s platform by uniting spend intelligence with discovery, quoting, and automation—providing the trade’s first end-to-end workflow from alternative identification by spend administration and settlement. The mixed capabilities of Connectbase and Cloud Age characterize a breakthrough for the connectivity ecosystem—enabling suppliers, companions, and enterprises to transact with higher belief, automation, and visibility. Connectbase will proceed to be led by its Founder and CEO, Ben Edmond.
“EAM is the sort of companion that scales with you—strategically, operationally, and culturally. Their conviction in our workforce and our mission provides us greater than capital; it provides us a pressure multiplier for execution,” stated Ben Edmond. “Together, we’re accelerating how we serve prospects globally, increasing the ecosystem, and delivering extra automation, belief, and measurable outcomes throughout The Connected World.”
“We’re thrilled to companion with Ben and the Connectbase workforce,” stated Jeff Del Papa, Managing Partner at EAM. “Ben’s imaginative and prescient for the corporate has been spot-on since its founding. Connectbase has clear market focus, distinctive merchandise, and a deep dedication to its prospects. There is unimaginable progress potential in this market, and Connectbase could be very well-positioned to proceed to develop organically and thru strategic acquisitions like Cloud Age.”
Goodwin Procter LLP served as authorized counsel to EAM. Moelis & Company LLC served as unique monetary advisor to Connectbase and Foley Hoag LLP served as authorized counsel to Connectbase. BSA Legal Group served as authorized counsel to Cloud Age.
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