NewSpring Completes Investment in Leading Integration Platform-as-a-Service Provider, Celigo
October 08, 2019
Radnor, PA – October 8, 2019 – NewSpring (the “Firm”), a family of private equity strategies, announced today that NewSpring Growth ("NewSpring"), the Firm’s dedicated growth and expansion strategy, has led a financing round in Celigo, a leading integration Platform-as-a-Service (iPaaS) provider for both business and technical users.
Led by CEO, Jan Arendtsz and based in San Mateo, California, Celigo will use this investment to scale operations to meet rising customer demand, expand product development, and fuel global expansion.
In the past decade, the number of cloud applications that business users leverage to do their work has grown significantly. Celigo’s iPaaS solution is designed for both business users and IT professionals, allowing people with differing technical skill levels to simplify application connection and drive business process automation. The platform’s flexibility allows users to build, manage, and hand-off integrations at scale, which increases integration velocity while conserving IT resources.
“Celigo has reimagined what integration should be,” said Arendtsz. “With today’s proliferation of business applications, the older generation of iPaaS solutions has hit its limits. Celigo’s mission is to simplify the building and management of all integrations, without any compromise in capabilities, so that both IT and business users can work side-by-side to automate business processes. The balance between simplicity and complexity is difficult to achieve, and Celigo has found it in this new approach to iPaaS.”
“As companies, both small and large, seek digital transformation to compete in the modern economy, they’re looking for integration solutions to automate business processes at scale and with quick time to value,” said Brian Kim, NewSpring Partner. “We believe Celigo is well-positioned to capture greater iPaaS market share due to its unique simplicity and flexibility.”
Celigo’s growing roster of customers includes many well-known brands such as J.D. Power, Glassdoor, Twilio, ServiceMax, Quora, Crossfit, Wolters Kluwer, Buscemi, Tea Forte, Brandmuscle, and thousands of other companies. With a passion for solving automation challenges and a mission to make integration as simple as possible, Celigo is redefining the iPaaS space.
Along with its investment, NewSpring’s Brian Kim will join the Celigo Board of Directors.
About NewSpring
NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages over $2.0 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in over 150 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. To learn more, visit www.newspringcapital.com.
About Celigo
Celigo is pioneering the future of cloud-based application integration. Celigo's integrator.io platform is an easy-to-use, next-generation integration Platform-as-a-Service (iPaaS) that enables companies to integrate almost anything to anything. Celigo's integrator.io platform powers Celigo's Integration Apps (formerly SmartConnectors). Integration Apps are pre-built, full-featured, highly customizable integrations between popular cloud applications such as NetSuite, Salesforce, Amazon, Shopify, Magento, Zendesk, Jira, and more. As companies increasingly rely on more cloud applications to run their business, the need for easy-to-deploy integration platforms and solutions to connect these cloud apps has never been greater. For more information, visit www.celigo.com and follow Celigo on YouTube and Twitter.