Announced
Completed
Financials
Sources
Tags
texting
Digital Services
Friendly
Domestic
Acquisition
Minority
Single Bidder
United States
Completed
Private
Private Equity
Synopsis
Providence Strategic Growth completed the investment in Kenect, a provider of business texting and communications technology. Financial terms were not disclosed. “We believe the Kenect team has developed a strong, highly scalable software platform and is well-positioned to address the extensive market opportunity as adoption of text communication with customers in the small and medium sized business community continues to grow,” Rick Essex, PSG Managing Director.
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