Ecosystem integration software vendor Cleo recently announced a significant investment from an affiliate of H.I.G. Capital, an alternative investment firm. While terms of the deal were not disclosed, Cleo is expected to use the investment to continue developing its leadership in the integration marketplace. Cleo touts more than 4,000 global customers and was founded in 1976. Solutions Review included Cleo in its directories of the Best Data Transformation Tools and Best Application Integration Tools for 2021.
The Cleo Integration Cloud allows organizations to connect to enterprise and SaaS applications with a variety of connectors and APIs. The tool automatically accepts, transforms, orchestrates, connects and integrates all B2B data types from any source and to any target, and can be deployed via several different methods. Cleo Integration Cloud can also be embedded for SaaS or Information Services organizations and can be utilized as a managed service to offload complex integrations to the vendor’s experts.
The announcement comes on the heels of Cleo’s March release of a new Essentials Package on the company’s Integration Cloud product. Cleo Essentials are designed for businesses in eCommerce and enable organizations to automate their API-based or EDI business processes. Cleo Essentials is powered by the same components as its popular cloud enterprise integration platform. Users can utilize real-time operational visibility along with secure dashboard and scorecard access to trading partners.
In a media statement on the news, Cleo President and CEO Mahesh Rajesekharan said: “We are extremely excited to welcome H.I.G. Capital as an investment partner in Cleo as we continue executing on our mission to redefine B2B integration in the cloud, solidifying Cleo’s position as the pioneer and global leader of the ecosystem integration software category.”
Read Cleo Receives Strategic Growth Investment from H.I.G. Capital to learn more.
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