IntelePeer, a communications platform as a service (CPaaS) provider, completed $110 million in new funding, including $75 million in convertible notes and debt financing from Sixth Street Growth and $35 million in equity from Savant Growth. Building on a recent credit facility of more than $60 million from Sixth Street Growth to support IntelePeer’s enterprise-centric Atmosphere CPaaS platform, the new funding allows continued execution on IntelePeer’s growth and acquisition strategy.
“This is true validation of the long-term strategy we embarked upon four years ago to expand beyond session initiation protocol (SIP) and voice into a full omni-channel communications solutions provider,” Frank Fawzi, CEO of IntelePeer, said. “Thanks to the recent successes of our CPaaS-driven automation, AI-powered customer implementations and the hard work and creativity of our team members over the years, our growth will be both organic by significantly increasing the size of our sales, marketing, product and development teams, as well as inorganic through the acquisition of companies with compelling technology and complementary go-to-market approach.
“The momentum of the past years has been remarkable. Our highly differentiated turnkey solutions can be rapidly deployed, and this is of critical value for our customers in a time when uncertainty is the norm. With increased investment in 2021, we move swiftly toward our goals to dominate the high-value CPaaS space.”
Atmosphere CPaaS enables companies to engage with customers through voice, SMS and social messaging. It also provides AI-enabled automation and communications routing and access to on-demand analytics for actionable intelligence.
