Celigo Lands $48 Million Series C

Celigo raises $48 million Series C to disrupt the iPaaS industry

SAN MATEO &&num;8212&semi; Celigo, an Integration Platform as a Service (iPaaS) provider for the mid-market, has raised &dollar;48 million in Series C funding to optimize end-to-end business automation for mid-market companies&period; The company will use the funds to increase its go-to-market capacity and accelerate global expansion&period; The funding round was led by OMERS Growth Equity and joined by NewSpring Capital&period;&NewLine;&&num;8220&semi;For too long, the promise of the modern iPaaS has gone unrealized&period; Legacy providers connect cloud-based business applications, but the automation of business processes that use those applications has not improved,&&num;8221&semi; said Jan Arendtsz, founder and CEO at Celigo&period; &&num;8220&semi;With the support of our investors, Celigo will enable breakaway growth, controlled cost management, and superior customer experiences for our customers by ensuring that every process — at every level of the organization — can be automated in the most optimal way from a single platform&period;&&num;8221&semi;&NewLine;As companies continue to add best-of-breed applications to their technology stacks and as digital processes multiply, the need for automation will become even more critical&period; Celigo is positioned to deliver on the promise of end-to-end business automation by creating perfect business processes based on best practices and past results&period;&NewLine;Celigo is the only iPaaS company that delivers prebuilt business process automations using embedded business logic&period; The business logic enables IT and non-IT users alike to use preconfigured settings to impact the behavior of multiple downstream flows to realize the optimal automation of business processes&period; The business logic was developed using best practice learnings from thousands of customer deployments and tens of thousands of implemented processes&period; The company also recently announced it is the only iPaaS provider to automate business processes across multiple cloud applications using a single prebuilt integration&period;&NewLine;The Celigo Platform also allows IT teams to manage business process automations, error handling, compliance with global security and privacy standards, and full reporting and analytics through a central dashboard while giving control of each automated business process to the line of business group that is closest to it&period;&NewLine;&&num;8220&semi;Automation of the modern enterprise requires a next-generation iPaaS that is intuitive to users while providing best practices and governance at cloud scale,&&num;8221&semi; said Mark Shulgan, Managing Director and Head of OMERS Growth Equity&period; &&num;8220&semi;Celigo has established itself as a market leader, combining a powerful integration engine with the usability of a modern SaaS application, enabling organizations to be more agile and innovate faster&period; We are proud to invest in Celigo and enthusiastically support its efforts to further pioneer the future of cloud-based application integration,&&num;8221&semi; he added&period;&NewLine;

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