$27.5 Million in Growth Equity Funding
On May 14, 2015 CoreDial, a leading SaaS platform provider for the channel, announced today the completion of a $27.5 million investment by private equity firm LLR Partners. CoreDial, founded in the Philadelphia region in 2005, enables its Managed Service Providers (MSP), IT Solution Providers, and Value Added Resellers (VAR) channel partners to deliver high value cloud products and services to end-user customers via an innovative SaaS platform and business model. CoreDial has seen rapid growth and profitability in recent years, with nearly half of its over 350 channel partners added in the last year. The funding will allow CoreDial to extend its leading position as a SaaS provider to the channel, with a focus on expanding upon its current UCaaS offerings and adding additional cloud solutions optimized for the channel.
Based in Blue Bell, PA, CoreDial cloud software and services enable companies to quickly and cost effectively sell, deliver, manage, and invoice for high quality, private labeled cloud communication services including hosted PBX solutions, VoIP, SIP Trunking, and Unified Communications. With no hardware or software to buy, our Channel Partners—Managed Service Providers, IT Solution Providers, and Value Added Resellers—deliver valuable end-user solutions, while creating margin rich recurring revenues and building value in their brand.
You can find more information on CoreDial’s funding on the blog.