Tech News Summary:
- Private equity firm M/C Partners has invested in Celito, a communication and managed services provider, in order to help them accelerate their expansion plans in Raleigh and beyond.
- Celito plans to expand its fiber network and service offerings with the investment, and CEO Danny Bottoms will work alongside founder and president Sharat Nagaraj.
- M/C Partners believes that Celito’s growing fiber network, exceptional customer experience, and local market knowledge make them a preeminent service provider in the region, and marks an important milestone for Celito as they continue to expand their reach throughout North Carolina.
M/C Partners, a Boston-based private equity firm, has announced a significant investment in celito, a communications managed service provider based in Raleigh, North Carolina. The investment is expected to accelerate celito’s growth and enhance its ability to provide exceptional services to its clients.
The move is being hailed as a game-changer for the industry, as celito has established itself as a leading provider of custom telecommunications solutions to businesses of all sizes. With the assistance of M/C Partners, the company is poised to expand its offerings and reach a broader audience in the highly competitive communications industry.
As part of the investment, M/C Partners will work closely with celito’s leadership team to develop and execute growth strategies that allow the company to enhance its services and offer innovative solutions to its clients. M/C Partners brings a wealth of experience in the telecommunications industry, having made significant investments in several leading communications companies.
Commenting on the investment, celito CEO and founder, Sharat Nagaraj, said, “We are thrilled to partner with M/C Partners as we work to expand our services and offerings to meet the evolving needs of our clients. This investment will allow us to continue our commitment to excellent customer service while providing new and innovative solutions to help our clients stay ahead of the curve.”
The investment comes at a time of rapid growth for celito, which has experienced significant demand for its services as businesses continue to embrace digital transformation and seek out reliable communication solutions. With the support of M/C Partners, celito is well-positioned to continue its growth trajectory and make an even bigger impact in the industry.