Unitas Global Raises $10 million in Financing

Building on Tremendous Performance, Unitas will Use the New Funding for Further Software, IP Development, and to Accelerate Growth

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| Source: Unitas Global

LOS ANGELES, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Unitas Global, a leading provider of managed hybrid cloud solutions for enterprise organizations worldwide, announces today that it has secured $10 million in funding from lead investor Boathouse Capital, along with all existing investors participating in the round, including Series A co-lead investors MK Capital and Azure Capital. The financing will 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 solutions and accelerate growth globally.

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 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. Unitas serves a diverse base of clients across a range of industries including healthcare, finance, and Software-as-a-Service (SaaS).

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 continue to scale the organization to support strong customer demand and a rapidly expanding market for its solutions.

Having maintained profitability, Unitas Global now finds itself in the enviable position to use the new investment to accelerate growth, enhance services, bolster its team, pursue geographic expansion, and invest in the development of new technology.

“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.”

The Unitas Global Board of Directors is pleased to welcome Andrew Olsen, a Principal at Boathouse Capital, to the Board as its newest member.

“Unitas is building game-changing technology that’s going to transform how companies think about cloud,” commented Olsen. “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.”

“Unitas has the potential to make a tremendous impact on the cloud market with their unique approach and experience with enterprise IT,” said Bret Maxwell, Managing General Partner, MK Capital. “By expanding its IP development, geographic presence, and continuing to grow their team, Unitas is committed to leading the way in managed hybrid cloud for the enterprise.”

“Today’s enterprise cloud market is evolving at an incredible rate,” said Paul Weinstein, General Partner, Azure Capital. “Unitas’ tremendous growth, industry experience, and unique vision ideally positions the company to make a significant impact in the way the enterprise consumes cloud technologies.”

For more information about Unitas Global, visit www.unitasglobal.com.

About Unitas Global
Unitas Global is a leading provider of enterprise cloud solutions providing clients with custom, highly secure, and dedicated cloud-based IT environments that are easy-to-consume, fully managed, and backed by an end-to-end SLA, guaranteeing application uptime. By offloading day-to-day infrastructure operations to Unitas Global, our clients are able to refocus and optimize their internal IT resources toward their business-centric initiatives. Unitas is headquartered in Los Angeles, with clients and locations spanning the globe. For more information, please visit www.unitasglobal.com.

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