World News: 14:10 GMT Thursday 30th May 2019. [Agosto, LLC via Globe Newswire via SPi World News]
MINNEAPOLIS, May 30, 2019 (GLOBE NEWSWIRE) -- , a cloud services and development company and Google Cloud Premier Partner, announced today it has secured $6.5 million in capital from and .
Agosto helps organizations leverage products in the private and public sectors – providing technical solutions, change management and training, from legacy systems, ongoing admin support, and . The company, founded in 2001, is headquartered in Minneapolis with sales offices in Chicago, Toronto, Houston, Nashville, San Francisco, and Los Angeles.
“Agosto is a high growth, innovative company that has matured to the stage where it can obtain funds on demand,” said Raelene Sagapolu, Vice President at Bridge Bank. “These funds will be of great benefit to the company, its partner ecosystem, and its shareholders, since it enables Agosto to invest in the company without touching existing equity.”
Agosto has tripled its revenues and headcount since 2016. The capital will allow Agosto to continue to keep pace with an aggressive growth plan that includes advancing its go-to-market strategy within the Google ecosystem, adding personnel to its sales and marketing departments, and continuing to promote – the first digital signage content management system (CMS) built on Google Cloud Platform (GCP). Since Skykit’s launch in 2014, Agosto has invested significant capital into the product, which is as suited to a budget-conscious school district as it is for a global enterprise. Skykit presently has hundreds of customers, including one of the largest health education digital signage networks in North America.
“Agosto’s new strategic relationships with Bridge Bank and SG Credit come after four years of tremendous growth,” stated , Agosto Vice President of Finance and Human Resources. “Our plans call for an acceleration of this growth in the coming years, and this new capital will allow us to continue to invest in specific areas of the company while maintaining shareholders’ equity interests for the foreseeable future.”
Globe Newswire: 14:10 GMT Thursday 30th May 2019
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