Adeptia receives $65M in strategic investment to continue growing its automated B2B integration processes
Adeptia, a provider in B2B data integration and business data exchange, announced a $65 million strategic growth investment round, enabling the company to pursue transformational growth in software innovation, customer success, and market adoption.
The funding round was led by PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth. The company also announced the appointments of PSG Senior Advisor Vance Loiselle as chief executive officer and Paul Moriarity as chief revenue officer, both experienced veterans in SaaS and the data space with a focus on scaling go-to-market teams and driving growth and innovation. Lou Ennuso will remain Head of Strategy and executive chairman of the board of directors.
“This is an exciting time to join Adeptia, which is helping some of the most sophisticated, data-driven enterprises in the world accelerate revenue and improve efficiency through fully automated B2B integration processes,” said Loiselle. “Lou, Deepak, and the rest of the team have built a slick product relied upon by great customers, and we believe having PSG in our corner will allow us to accelerate the trajectory we are already on and better serve new and existing customers around the globe.”
Adeptia was founded by Deepak Singh and provides B2B integration software that simplifies and speeds data integration between companies and their customers, partners and suppliers, enabling more successful business partnerships.
The company serves hundreds of mid- and large-sized companies across financial services, insurance, pharmaceutical, logistics and manufacturing with AI-driven self-service data management.
“We believe Adeptia sits near the epicenter of the massive shift underway in the B2B integration space,” said Bill Skarinka, managing director at PSG. “In our view, the Adeptia team has built an incredible business, and now with Vance at the helm, we believe the company is uniquely positioned to own the intersection of AI, self-service and B2B data integration. We are looking forward to partnering with Vance and the team in this new chapter.”
For more information about this news, visit www.adeptia.com.