Unitas Global raises $10 mln


Unitas Global said Jan. 17 that secured $10 million in growth capital led by Boathouse Capital. All of Unitas Global’s existing institutional investors, including MK Capital, participated in the round. Unitas Global, of Los Angeles, provides cloud solutions to enterprise organizations.

PRESS RELEASE

Northbrook, IL, Jan. 17, 2018 – Unitas Global, a leading provider of managed hybrid cloud solutions for enterprise organizations worldwide, recently secured $10 million in new funding in a financing lead by Boathouse Capital.  All of the existing institutional investors, including MK Capital also participated in the round. 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.

Unitas Global’s impressive performance has also recently been 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.

“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.”

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 visitunitasglobal.com.

About MK Capital
MK Capital invests in early and growth stage companies in the software and information technology industries.  The firm’s partners, who average over twenty years of venture capital experience, partner with entrepreneurial management teams to build leading companies in emerging markets.  MK Capital manages over $250 million in capital and is actively seeking new investment opportunities.  For more information, visitmkcapital.com.