LiquidHub Secures $53M Series B Capital Round Led by ChrysCapital
New investment designed to provide capital for continued growth; supports aggressive merger and acquisition strategy
WAYNE, Pa., March 25, 2014-- LiquidHub, a digital integrator that partners with businesses to improve customer engagement and drive growth, today announced the completion of a Series B capital round led by ChrysCapital. This investment will support LiquidHub’s aggressive growth plans, which include an emphasis on strategic mergers and acquisitions to become a leader in the explosive digital customer engagement services market. ChrysCapital is a $2.5B private equity firm with significant experience in investing in technology companies, with this representing their largest cross-border investment.
"ChrysCapital is excited to partner with LiquidHub in its next phase of growth,” said Sanjay Kukreja, managing director at ChrysCapital. “As we began looking to expand our investment portfolio in the U.S. technology sector, we saw that LiquidHub’s management team has built one of the largest practices in the digital transformation space using cloud, analytics and mobile technologies. These disruptive technologies represent the fastest growing areas within the IT services sector and have become top of mind for CIOs and CMOs globally. We are confident that LiquidHub's leadership position will allow it to gain from this shift in IT spend."
According to a November 2013 Forrester Research, Inc. report, titled The CIO Mandate: Engaging Customers With Business Technology, “The most successful businesses will be those that quickly learn and remember how to marshal the organization’s talents to apply broadly available technologies to create differential customer experience and value.” The report continues, “As the business seeks to innovate with technology, increasingly it turns to agencies, consultants, and third-party IT services houses.”
With operations in North America, Asia, and Europe, LiquidHub empowers the leading global healthcare and financial services companies through technology innovation. LiquidHub has more than doubled its revenue in the last three years and continues to be one of the fastest growing firms in the digital transformation space. LiquidHub has garnered numerous business accolades for its innovative offerings and rapid growth, including being recognized as one of Forbes Most Promising Companies in 2014 and landing on the Philadelphia 100 list of fastest growing companies six times.
“This partnership with ChrysCapital is a significant milestone in LiquidHub’s lifecycle,” said Jonathan Brassington, CEO and co-founder of LiquidHub. “The team at ChrysCapital is equally committed to our goal of becoming a nationally-recognized, global digital integrator. Their investment assures us the necessary resources to grow organically as well as through pragmatic and strategic acquisitions. This is the first step in our next phase of growth, which will solidify our position in the marketplace and extend our ability to deliver the most advanced technology solutions, quickly and efficiently, across the globe.”
Headquartered outside Philadelphia, LiquidHub is a digital integrator that partners with businesses to improve customer engagement and drive growth. With operations in North America, Asia, and Europe, we empower the leading global healthcare and financial services companies through technology innovation. Our customer successes are the result of a culture rooted in thought leadership and delivery excellence. For more information about LiquidHub, please visit www.liquidhub.com.
ChrysCapital is a leading private equity fund. The firm has raised over $2.5B across six funds since 1999. ChrysCapital has deployed over $2B in over 65 investments and has successfully exited over 40 investments. The firm’s investors include global endowments, sovereign funds and pension funds. To learn more about ChrysCapital, please visit www.chryscapital.com.
Deborah Massa, 484-385-2921
Bill Tierney, 484-385-2985
Venture Capital Database