January 18, 2018
Solgari, the global provider of compliant, integrated omni-channel cloud communications services has announced the completion of its latest funding round.
This investment includes follow-on investment from Enterprise Ireland along with Focus Capital Partners and private technology investors in the US, UK and Ireland. The funds are being used for product development, including Solgari Communicator, and the launch of Solgari’s integrated solution with Microsoft Dynamics 365 on Microsoft’s AppSource marketplace.
Used by customers in 33 countries to date, Solgari delivers all the digital communication channels as an integrated cloud software service, while automatically addressing MIFID II, GDPR and PCI DSS compliance requirements. This solution is positioned right at the heart of the software revolution that is rapidly transforming the traditional communications industry, leading to 50%+ CAGR across many of the cloud communication markets such as Voice, Collaboration, WebRTC and Cloud Contact Centre.
“The demand for omni-channel communications that can integrate successfully with Microsoft Dynamics 365 has become very clear, as well as the need to think carefully about regulations such as MiFID II and GDPR,” said Kenneth Christensen, CEO, at OnDemand4U, the number one Microsoft Dynamics 365 partner in Germany. “We chose to partner with Solgari earlier this year to meet these customer requirements with immediate success in the German market.”
Michael Quinn, Partner at Q Advisors commented, “This is a very interesting transaction, with John, Vance and their team at Solgari focusing on the delivery of fully compliant, omni-channel cloud software solutions into a booming cloud business communications market that is hungry for innovation. Solgari’s solution is gaining market traction and the route to market through key technology integrations opens up a significant global opportunity. Q Advisors is very pleased to be involved and look forward to helping Solgari on their high growth journey.”
John Colgan, CEO at Solgari added, “We are pleased to announce this investment and thank the team at Q Advisors, Enterprise Ireland, Focus Capital Partners and our private investors. We have carefully considered where the communications market is moving towards and we recognised the demand from growing companies to integrate all their customer communication channels, while also addressing onerous regulations such as GDPR and MiFID II through a SaaS solution. Solgari has significant USPs and, given our customer success to date and rapidly evolving partnerships with global cloud leaders such as Microsoft, we are really excited about the extent of the opportunity in front of us.”
Q Advisors LLC, a global TMT investment banking boutique, acted as financial advisor to Solgari in connection with this transaction.
Read the full announcement here
Solgari provides Compliant & Integrated Omni-Channel Cloud Communication Services to FinTech, Financial Services, eCommerce, Retail, Logistics, Recruitment and Government customers in 33 countries to date. Solgari’s integrated cloud software service provides all the digital business communication channels – voice, video, chat, IM and SMS – while also including GDPR, PCI DSS and MiFID II compliant recording and archiving of all communications. Customers can access all business communications and related compliance requirements regardless of location on a per-user-per-month SaaS model while removing or avoiding the cost and complexity of legacy technology solutions.
For more information, please visit the company website and learn more about Solgari’s service at www.solgari.com