IntelePeer has closed a $55 million credit facility to further accelerate the growth and innovation of its enterprise-centric Atmosphere CPaaS platform. TPG Sixth Street Partners structured and financed the transaction.
IntelePeer will use this investment to accelerate development and innovation on the Atmosphere CPaaS platform, furthering the capabilities and features that enable enterprises to deliver world-class communication experiences. The operating resources will be dedicated to continuing IntelePeer’s tremendous growth across platform capabilities, customer acquisition, and expansion into the global enterprise market.
“We’re seeing continued growth on our platform, customer acquisition, and adoption,” said Andre Simone, CFO of IntelePeer. “By securing this credit facility, we will remain focused on investing more into the business to ensure our continued growth and customer success.”
“IntelePeer is a leader in their industry and their approach to making programmable communications more accessible to business users, channel partners, and non-developers meets the needs of a growing market,” said Bo Stanley, TPG Sixth Street Partners. “This investment will help provide additional resources to fuel their continued market and product expansion.”