Bridge Bank and SG Credit Partners provides $6.5 mln to Agosto

Agosto Holdings LLC has secured $6.5 million in financing from Bridge Bank and SG Credit Partners. Based in Minneapolis, Agosto is a cloud services and development company.

PRESS RELEASE

MINNEAPOLIS – May 30, 2019 – Agosto Holdings, LLC, a cloud services and development company and Google Cloud Premier Partner,announced today it has secured $6.5 million in capital from Bridge Bank and SG Credit Partners.

Agosto helps organizations leverage Google Cloud products in the private and public sectors – providing technical solutions, change management and training, migration and deployment from legacy systems, ongoing admin support, and custom product development. The company, founded in 2001, is headquartered in Minneapolis with sales offices in Chicago, Toronto, Houston, Nashville, San Francisco, and Los Angeles.

“Agosto is a high growth, innovative company that has matured to the stage where it can obtain funds on demand,” said Raelene Sagapolu, Vice President at Bridge Bank. “These funds will be of great benefit to the company, its partner ecosystem, and its shareholders, since it enables Agosto to invest in the company without touching existing equity.”

Agosto has tripled its revenues and headcount since 2016. The capital will allow Agosto to continue to keep pace with an aggressive growth plan that includes advancing its go-to-market strategy within the Google ecosystem, adding personnel to its sales and marketing departments, and continuing to promote Skykit – the first digital signage content management system (CMS) built on Google Cloud Platform (GCP). Since Skykit’s launch in 2014, Agosto has invested significant capital into the product, which is as suited to a budget-conscious school district as it is for a global enterprise. Skykit presently has hundreds of customers, including one of the largest health education digital signage networks in North America.

“Agosto’s new strategic relationships with Bridge Bank and SG Credit come after four years of tremendous growth,” stated Michael Majerus, Agosto Vice President of Finance and Human Resources. “Our plans call for an acceleration of this growth in the coming years, and this new capital will allow us to continue to invest in specific areas of the company while maintaining shareholders’ equity interests for the foreseeable future.”

About Agosto
Founded in 2001, Agosto is a cloud services company that helps organizations leverage Google Cloud products in the private and public sectors by providing technical solutions, change management and training, migration and deployment from legacy systems, ongoing admin support, and custom product development. Agosto is one of the largest Google Cloud Platform Partners globally, headquartered in Minneapolis, Minn. and with sales offices in Chicago, Toronto, Houston, Nashville, San Francisco, and Los Angeles. Agosto’s clients include 1-800-Got-Junk?, the State of Wyoming, Unilog, Groupon, Jaguar Land Rover, and the Library of Congress, among others, and the company has been included in the Inc. 500 | 5000 four times. For more information visit www.agosto.com. Follow Agosto: Twitter | Blog | LinkedIn.