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Business Wire gives Simplus a shout out!

Business Wire gives Simplus a shout out!

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Business Wire

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.

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