Marlin Equity Partners has recapitalized Chattanooga, Tennessee-based Skuid Inc, a no-code, design first cloud application development platform. No financial terms were disclosed.
LOS ANGELES, April 16, 2019 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has completed a majority recapitalization of and growth investment in Skuid, Inc. (“Skuid”), a leading no-code, design first cloud application development platform. The company’s comprehensive software solution seamlessly integrates with multiple databases and unifies disparate data sources to improve workflow processes that enable developers and non-technical users to design, develop and rapidly deploy enterprise applications.
“We sought to partner with a global investment firm that has a history of empowering companies with game-changing technologies,” said Ken McElrath, founder and CEO of Skuid. “Marlin shares our strategic vision of helping our customers transform their businesses through innovative, human-centered applications and we are thrilled to be working alongside such a complementary partner.”
“Skuid has swiftly transitioned from a startup to a leader in the rapidly growing application development market, and its growing customer base and partner network are a testament to the company’s value proposition for global enterprises,” said Ryan Wald, a managing director at Marlin. “These global enterprises are fueling growth in the industry as they prioritize their digital transformation strategies and we look forward to supporting the management team in expanding Skuid’s capabilities for web and mobile application development across all lines of business.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 140 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
Founded in 2013, Skuid is a no-code, design first, extensible cloud application development platform for rapidly creating and optimizing enterprise applications. The company’s simple-to-use and robust front-end design-and-deploy cloud platform allows customers to connect to disparate data sources, assemble highly complex, made-to-order applications and instantly make changes – all without writing code. More than five million users across 32 countries use Skuid to engage with each other, with their data and with new customers in meaningful ways. The company is headquartered in Chattanooga, Tennessee with an additional office in San Francisco. For more information, please visit www.skuid.com.