Zift Solutions, a Cary, NC-based provider of Partner Relationship Management (PRM) and Through-Channel Marketing Automation (TCMA) software, announced that it raised $70 million in funding.
The round was led by Investcorp Technology Partners (“ITP”), with participation from existing institutional investors Arrowroot, Oxx, SSM, and AshGrove Capital.
This funding will help Zift Solution accelerate the go-to-market strategy, continue expansion into international markets, and further support the company’s growth.
Investcorp has become the majority shareholder in Zift Solutions. This investment will catapult the company into its next phase of growth.
“We are delighted to be partnering with Investcorp Technology Partners as we enter this next stage of growth,” said Gordon Rapkin, Chief Executive Officer of Zift Solutions. “Investcorp demonstrated a strong understanding of our business and the potential of the markets we serve. They are the right partner to support our international expansion given their global expertise. We look forward to working with Investcorp to continue our growth journey and capitalize on the fast-growing channel technology sector, as well as on the value it provides in helping organizations scale their own growth.”
Zift Solutions’ ZiftONE software delivers a comprehensive, modern platform that aligns channel marketing, channel sales, and channel operations.
ZiftONE’s customers consist of national and international brands with renowned channel programs. Its customers are served from three offices: Oxford, UK, Hoboken, New Jersey, and Cary, North Carolina.
Company: Zift Solutions, Inc.
Raised: $70.0M
Round: Unknown
Funding Month: January 2023
Lead Investors: Investcorp Technology Partners
Additional Investors: Arrowroot, Oxx, SSM, and AshGrove Capital
Company Website: https://ziftsolutions.com/
Software Category: Channel Management Solutions
About the Company: Founded in 2006, Zift Solutions is a software company that provides all-in-one channel management solutions. It has grown from a channel marketing software startup to a global organization focused entirely on channel success. Zift Solutions is the only Partner Relationship Management (PRM) and Through-Channel Marketing Automation (TCMA) tool built as one to work as one. The company allows businesses to automate all phases of channel sales, operations, and marketing by synchronizing people, technology, and processes.
Source: https://ziftsolutions.com/blog/zift-solutions-70-million-funding/