The amount of the deal was not disclosed. Sagemount made the investment alongside Single Digits’ founders.
The company intends to use the funds to actively pursue its strategic acquisition and organic growth initiatives.
Co-founded by Chief Executive Officer Robert Goldstein and President Stephen A. Singlar, Single Digits provides High Speed Internet Access management software and managed services to the hospitality, healthcare, education, transportation, retail, and office verticals.
Single Digits’ solutions allow public venues, such as hotels, arenas, malls, and transportation hubs, to provide secure and reliabile broadband access to their guests and customers.
The company’s core software solution, the Broadband Authentication Platform, empowers each client to tailor their HSIA offering to their unique needs. The BAP is complemented by a suite of offerings, including IP network design and deployment, real time proactive network monitoring, 24×7 live customer support, and network optimization/network access control technology.