Evolve IP Completes $8.7M Growth Capital Financing

Evolve IP, a Wayne, PA-based Managed Technology Provider, has completed an $8.7m growth capital financing
The capital will enable the company to further scale operations in response to strong customer and market demand.
With a suite of services that includes Managed Telephony, Hosted Applications, Managed Networks, and Security & Compliance, Evolve IP aims to help businesses unify and simplify the technologies their employees use to communicate. In particular, the company intends to enable customers to replace multiple vendors with a single provider and reduce the operational and energy costs associated with on-premise solutions.
Evolve IP’s customer base currently includes businesses in 27 states and six countries, and represents a broad variety of industries, including the Legal, Banking, Travel, Commercial Real Estate, Healthcare, Retail, Government and Professional Services sectors. Its suite ifunction as a complete outsourced solution, or be tailored to enhance a company’s existing communications system.

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