"The area of cloud-based communications is a huge and rapidly changing market requiring nimbleness and continual innovation. With the recent launch of message360, Nick Newsom and his team at Ytel are in an excellent position to deliver the next generation platform and we are pleased to join them as partners," said Matthew Witte, Marwit Managing Partner.
In connection with the investment, Daniel Raynor and Matthew Witte have joined Ytel's Board of Directors and will provide strategic guidance.
About Ytel (www.ytel.com)
Ytel® specializes in cloud-based B2B communications solutions, powering modern communications through voice, text, email and direct mail. Its SaaS-based offerings include Cloud Contact Center®, message360°®, and sipPro™. Ytel supports billions of outbound and inbound interactions, on a company owned network, for the primary purpose of increasing revenue and maximizing efficiency for clients.
About Argentum (www.argentumgroup.com)
Argentum is a New York-based growth equity firm that supports entrepreneurial owners in building industry leading companies. The firm partners with management teams of companies with revenues of $5 to $25 million to provide capital to accelerate growth, fund acquisitions or generate shareholder liquidity. Since raising its first fund in 1990, Argentum has invested in over 80 companies and supported nearly 200 add-on acquisitions in technology, healthcare and other high growth service sectors.
About Marwit Capital (www.marwit.com)
Marwit is a Newport Beach, Ca. based private investment firm that partners with entrepreneurs, family-owned businesses, and management teams to build industry leading companies across diverse industries in the lower middle market. Founded in 1962, Marwit is one of the oldest private equity firms in the Western U.S.
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