EAM's Strategic Investment to Enhance Connectbase's Growth
EAM's Strategic Partnership with Connectbase
Equality Asset Management (EAM) has made a significant move in the technology investment landscape by announcing a strategic investment in Connectbase, an innovative provider in the communications infrastructure sector. This partnership is set to bolster Connectbase's ongoing efforts for global growth while enhancing its capabilities in product innovation.
Accelerated Growth Through Investment
The investment by EAM is designed to rapidly accelerate Connectbase's expansion and innovation. As a leader in delivering data and software solutions, Connectbase focuses on offering insights that support network providers, technology partners, and enterprises in managing connectivity more efficiently. This partnership with EAM will not only enhance Connectbase's existing product offering but also facilitate the strategic acquisition of Cloud Age, a platform specializing in invoice automation and spend management.
Strengthening the Connectbase Platform
By acquiring Cloud Age, Connectbase aims to integrate comprehensive spend intelligence with enhanced quoting and automation capabilities. This union offers the industry a groundbreaking end-to-end workflow that spans from identifying opportunities to managing expenses and settlements. The robust combination of Connectbase's platform with Cloud Age's offerings is expected to transform the connectivity ecosystem, fostering greater trust and automation among service providers and their clients.
Leadership and Vision: A Strong Foundation
Connectbase is led by its visionary founder and CEO, Ben Edmond, who is keen on expanding the company’s outreach. Under his leadership, the company’s mission is to improve how enterprises, technology partners, and network providers interact, thus enhancing service delivery across the board.
Endorsements from Leadership
Jeff Del Papa, Managing Partner at EAM, expressed excitement about the partnership, recognizing Ben’s insightful vision since Connectbase’s inception. He highlighted Connectbase’s clear market focus, remarkable products, and strong commitment to customer service—an indication of the tremendous growth potential both companies see in the market.
Legal and Financial Advisors
The legal aspects of this partnership were guided by Goodwin Procter LLP for EAM, while Moelis Asset Management LP advised Connectbase. The legal counsel for Cloud Age was provided by BSA Legal Group, ensuring all aspects of the transaction adhered to industry standards.
About Equality Asset Management (EAM)
EAM is a growth-oriented private equity firm committed to supporting emerging companies in the software and technology sectors. With a focus on driving value creation, EAM partners with companies to fuel their growth stories while leveraging decades of investment and operational experience.
About Connectbase
Connectbase positions itself as the industry cloud for connectivity, shaping the way service providers and their partners collaborate. The platform offers precise insights and automation that streamline the various processes involved in network transactions, serving over 400 providers globally and facilitating digital transformations across the industry.
About Cloud Age
Cloud Age specializes in telecom invoice automation and spend management solutions tailored for service providers. By converting intricate billing data into actionable insights, Cloud Age empowers service providers to optimize their expenditures and enhance their operational efficiencies.
Frequently Asked Questions
What is the purpose of EAM's investment in Connectbase?
EAM's investment aims to accelerate Connectbase's growth, enhance product innovation, and support the acquisition of Cloud Age to improve connectivity solutions.
Who leads Connectbase?
Connectbase is led by its founder and CEO, Ben Edmond, who focuses on transforming connectivity services.
What does Cloud Age specialize in?
Cloud Age focuses on telecom invoice automation and spend management, helping service providers optimize their billing processes.
What market does Connectbase serve?
Connectbase serves the communications infrastructure market, providing solutions that streamline network operations and partner collaborations.
Who advised on the investment transaction?
Goodwin Procter LLP served as legal counsel to EAM, while Moelis Asset Management LP advised Connectbase in this strategic partnership.
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