This Wayne-based Cloud Company Just Got a Bunch of Hiring Money

Evolve IP's Offices in Wayne.

Great Hill Partners, a Boston-based investment firm, made a major investment in Evolve IP last week. The Wayne, Pa.-based cloud services company was founded in 2006.

The 200-employee organization will use the undisclosed proceeds from the round to grow both its product offering and to staff up. The goal is to have 60-80 additions to the team over the next two years, according to company officials.

Although the figure of the investment is undisclosed, the Boston-based investment firm says its minimum investment is $25 million. Philly.com reports the figure is north of $100 million.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.