Source: devops.com
Agiloft Secures $45 Million Growth Equity Investment from FTV CapitalCategory: Software, Business, Security, Infrastructure, automation, artificial-intelligence
Home » Latest News Releases » Agiloft Secures $45 Million Growth Equity Investment from FTV Capital
Names Accomplished Legal Tech Executive Eric Laughlin as CEO to Accelerate Growth in No-Code Contract and Commerce Lifecycle Management Software Company Redwood City, Calif., August 17, 2020 – Agiloft, the global standard in no-code contract and commerce lifecycle management, today announced a $45 million growth equity investment from FTV Capital, a sector-focused investor in innovative companies in enterprise technology and services, financial services, and payments and transaction processing. Bootstrapped since its inception and profitable, Agiloft’s investment from FTV is the company’s first round of external funding and will be used to build on its leadership position in the rapidly growing enterprise contract and commerce lifecycle management (CCLM) space as it accelerates its AI-based product development and expands its vertical and geographic market presence.
Named a leader by Gartner in its 2020 Magic Quadrant for Contract Lifecycle Management, Agiloft has reported 134% growth in new sales thus far this year, an implementation success rate of 99.6% and has a loyal customer base of more than 600 customers, including CDW and Roche.
Names Accomplished Legal Tech Executive Eric Laughlin as CEO to Accelerate Growth in No-Code Contract and Commerce Lifecycle Management Software Company Redwood City, Calif., August 17, 2020 – Agiloft, the global standard in no-code contract and commerce lifecycle management, today announced a $45 million growth equity investment from FTV Capital, a sector-focused investor in innovative companies in enterprise technology and services, financial services, and payments and transaction processing. Bootstrapped since its inception and profitable, Agiloft’s investment from FTV is the company’s first round of external funding and will be used to build on its leadership position in the rapidly growing enterprise contract and commerce lifecycle management (CCLM) space as it accelerates its AI-based product development and expands its vertical and geographic market presence.
Named a leader by Gartner in its 2020 Magic Quadrant for Contract Lifecycle Management, Agiloft has reported 134% growth in new sales thus far this year, an implementation success rate of 99.6% and has a loyal customer base of more than 600 customers, including CDW and Roche.
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