PlumChoice raises additional capital to seize new cloud and IoT market opportunities
David Shimoni, President and CEO, PlumChoice
PlumChoice, Inc., a provider of technical services to cloud and Internet of Things (IoT) service providers, IoT manufacturers, cloud solution providers and distributors, has announced new funding from current investors.
The investment is designed to accelerate the company’s significant growth in the Cloud and IoT Services markets. It is led by M/C Partners and Edison Partners, and comes on the heels of last month’s announcement that new CEO David Shimoni would lead the company’s next stage of growth. At the request of the investors, the funding total is not being disclosed.
With this investment, along with current company and industry momentum, PlumChoice executives estimate that they’ll see double digit growth in their IoT and Cloud businesses in 2017. “This funding will enable PlumChoice to further leverage its market leadership in the Premium Technical Support market and move toward seizing significant partnership opportunities in the Cloud and IoT markets,” said Shimoni. “Additionally, the money will fuel enhancements in PlumChoice’s technology platform to increase the integration with our partners to deliver an even higher level of customer support.”
Bob Schechter, the chairman of PlumChoice’s board of directors
In the fast-growing Cloud and IoT markets, PlumChoice helps key players sell and deliver technical services. These services, which include presales consultation, installation, onboarding, integration, troubleshooting and ongoing technical support, reduce overhead and time to market, while driving product adoption, market penetration, customer satisfaction and overall profitability.
“Our investors’ longstanding support is a testament to PlumChoice’s success in this market,” said Bob Schechter, the chairman of PlumChoice’s board of directors. “With expertise that spans premium technical support for traditional technology, emerging smart home innovations and cloud solutions, we’ve come out on top as a go-to resource for companies that need to offer their customers more specialised and sophisticated technical services. This funding will ensure that we continue to lead the Premium Technical Support Services market.”
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