Connexio Cloud, a developer of customer-engagement and workforce-management software, secured growth financing from Decathlon Capital Partners.
The company will use the funds for expanded platform development, sales and marketing and customer support. Details of the variable-repayment debt transaction were not disclosed.
“Our financial partnership with Decathlon Capital Partners provides important flexibility for our growing company,” William Shaheen, CEO of Connexio Cloud, said. “We have an exciting market opportunity and the bespoke growth funding package from Decathlon will help us scale and reach our full potential without incurring any dilution. This is important as we serve an expanding number of clients who find our products to be a transformative force that streamlines communications and management processes.”
“With its experienced leadership, commitment to cutting-edge products and focus on user-friendly interfaces, Connexio is well-positioned to continue its growth trajectory,” Wayne Cantwell, managing director of Decathlon Capital Partners, said. “Decathlon Capital Partners is proud to support Connexio Cloud as it strengthens its industry leadership.”
