Telesoft, a Phoenix, AZ-based provider of communications expense and mobility management software and solutions, received a strategic investment from Sumeru Equity Partners (SEP).
The financial details of the transaction were not disclosed.
SEP, which acquired the company along with company founder Thierry Zerbib and management, will help Telesoft conduct growth and product development initiatives. Alongside the investment, Telesoft has appointed Kevin Donoghue as Chief Executive Officer and Director and Brian Martin as Chief Operating Officer. Zerbib – an industry expert in the communications management space – will continue to oversee the company’s technology platform in his new role as Chief Technology Officer as well as retain significant equity interest and Board representation.
Telesoft provides to global enterprises across mobile, IP / fixed and cloud footprints with Telesoft Connect, an internally developed software product that enables organizations to manage mobility, cloud and fixed footprints as well as usage, IT inventory, expense validation, cost reporting and financial system integration.
Today, the company serves over 200 enterprise clients.
As a part of the investment, SEP Managing Directors Kyle Ryland, George Kadifa and Sanjeet Mitra will join the Telesoft Board of Directors.
FinSMEs
31/08/2016