December 4, 2017
Repeat investors EPIC Ventures and Salesforce Ventures contribute to the $9.3 million Series B funding round as Simplus acquires CRM Manager
SALT LAKE CITY–(BUSINESS WIRE)– Simplus today announced the successful closure of its Series B funding round of $9.3 million and acquisition of consulting firm, CRM Manager.
Repeat Simplus investor EPIC Ventures led the round, joined by existing investor Salesforce Ventures, newcomer Cross Creek Advisors, and others. Simplus, a Platinum Salesforce Partner, raised an additional $8.5 million in debt financing from Silicon Valley Bank for a total of $17.8 million. A portion of the $9.3 million equity infusion was used to acquire CRM Manager, Simplus’ fourth Salesforce partner acquisitionsince receiving Series A funding in Q3 2016. This new acquisition continues the company’s expansion trend, which began earlier this year with the purchase of BaldPeak, Basati and EDL Consulting.
Read the full article in Business Wire.