Cleo Receives Strategic Growth Investment from H.I.G. Capital

Cleo Communications, a Rockford, IL-based provider of ecosystem integration software solutions, received an investment from an affiliate of H.I.G. Capital.

The terms of deal were not disclosed. 

Led by Mahesh Rajasekharan, President and CEO, Cleo is an integration cloud platform that provides customers with strategic supply chain visibility into revenue-critical end-to-end business processes across the ecosystems of partners and customers, marketplaces, and customers’ internal applications.

The company’s solutions drive business agility, accelerate partner onboarding, automate key business processes, and capture new revenue streams through application, B2B, and data integration technologies. 

Cleo serves more than 4,000 customers globally with a focus on the manufacturing, wholesale & distribution, and logistics end-markets.  Previously, the company was backed by an investor group led by Alpine Investors and Peterson Partners.