Boathouse Capital Completes Investment in Unitas Global
January 30, 2018
Boathouse Capital is pleased to announce that it has completed a growth investment in Unitas Global (“Unitas” or the “Company”), a leading provider of managed hybrid cloud solutions and IT services to large enterprises worldwide.
Boathouse led the $10 million investment which included participation from the Company’s existing investors, MK Capital and Azure Capital. Proceeds from the capital raise will be used to facilitate further investment in the Company’s proprietary software platforms that make hybrid cloud easier to consume and manage as well as to invest in opportunities to expand the Company’s service solutions to accelerate its growth.
Based in Los Angeles, CA, Unitas serves a diverse base of clients across a range of industries including healthcare, finance, and Software-as-a-Service (SaaS). Displaying impressive growth, the company’s performance was acknowledged by industry analysts, resulting in multiple awards recognizing growth, service innovation, and excellence. These awards culminated in Unitas making the top 25% of the 2017 Inc. 5000 list of fastest-growing companies in America for the first time in its history. In 2017, Unitas was also recognized for industry awards including the Red Herring Top 100 Global List, CRN Top 150 Fastest Growing Companies, and No. 23 on the Talkin’ Cloud 100 report.
To meet the growing demands of its expanding client base, Unitas Global has earmarked the new capital primarily for the continued development of its highly popular enterprise cloud solutions and related IP. This includes a new technology platform launching in 2018 focused on unifying hybrid cloud management, application orchestration, system and application performance monitoring, and cloud connectivity into a single seamless user experience. Funds will also be invested to accelerate growth, enhance services, bolster its team, and expand its geographic reach.
“Management believes the mature, rapidly-growing cloud services market means the time is now to further strengthen our industry-leading position,” commented Patrick Shutt, Unitas’ CEO. “This capital allows us to expand our solutions team in order to better capture the revenue opportunity, as well as develop highly differentiated technology that supports our mission of simplifying cloud technologies for enterprise organizations.”
Andrew Olsen, Principal at Boathouse Capital, who joined the Unitas Board of Directors as part of the financing remarked, “Unitas is building game-changing technology that’s going to transform how companies think about cloud. This new concept adds to the value Unitas brings to its clients by unifying what are typically disparate systems. Our investment is a reflection of our belief that Unitas is the best positioned enterprise cloud solutions provider in the market, and we’re excited to be a part of the story.”
“We are thrilled to add the Boathouse team to our investor base as we continue our Company’s development. Andrew and his team are experienced investors and we look forward to leveraging them as we continue to improve our products and services,” said Patrick Shutt.”