Alianza, a Pleasant Grove, UT-based cloud communications platform for service providers, has secured $61 million in new growth equity and debt financing.
The equity round was supported by a syndicate of undisclosed institutional investors and strategic partners, while the debt financing was provided by Texas Capital Bank.
Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.
Alianza Use of Funds
The company plans to use the funds to expand its sales team, accelerate its $200 million investment in research and development, and help service providers transition from legacy TDM and Softswitch infrastructure to the cloud as more than 100 million voice lines in North America near end-of-life.
Alianza is the communications cloud for service providers. They help their customers supercharge growth, reduce costs, and transform into modern techcos. With Alianza, service providers can navigate the end of the Softswitch era and upgrade to a cloud-native solution to power both legacy voice and next-gen cloud communications services — including cloud meetings, collaboration, and text messaging. The company’s team of experts is passionate about simplifying service delivery and ensuring first-rate customer experiences for more than 200 service providers. Alianza was founded in 2009 and is headquartered in Pleasant Grove, Utah.
Company: Alianza, Inc.
Round: Growth Equity and Debt Financing
Funding Month: October 2023
Investors: Texas Capital Bank (Debt Financing)
Company Website: https://www.alianza.com/
Software Category: Cloud Communications Platform