The amount of the transaction was not disclosed. In conjunction with the investment, M/C Partners’ Marty Snella is joining Denovo as Chief Executive Officer.
The financing will enable Denovo to make acquisitions and invest in the development of its cloud and managed services offerings while providing liquidity for its founders.
Established in 2003, Denovo Ventures is a full-service Enterprise Hosting/Cloud Computing and Professional Services firm with expertise in designing, implementing and supporting enterprise software and hosting/cloud solutions. The company delivers enterprise hosting/cloud computing and extensive managed services from their SOC 2 certified data centers located in the United States.
It is an Oracle Platinum Partner.