Abstract
On 11th March, 2008, Invoke Solutions Inc. announced its' most recent investment deal. The announcement revealed that, Invoke Solutions Inc. was going to receive huge funds worth $7 million from three companies namely, North Atlantic Capital, BEV Capital and Bain Capital.
The most recent business deal of Invoke Solutions Inc., was announced on 11th March, 2008. Through this announcement, Invoke Solutions Inc. informed that, it has signed an investment deal worth $7 million.
Details of the Deal
Through this investment deal, Invoke Solutions Inc. received funds from three companies. This investment round, was led by North Atlantic Capital, a venture capital firm of Portland. The other two companies which participated in this investment deal, were BEV Capital and Bain Capital.
Invoke Solutions Inc. decided to utilize the fund of $7 million, for the following purposes:
- The company decided to use the funds of the investment round in developing an enterprise feedback management system.
- Invoke Solutions Inc. informed that it would use the funds in enhancing its' delivery capacities.
- The company also thought of utilizing the funds for expanding the customer base of the company at the global level.
In respect of this investment deal, David Coit, Managing Director, North Atlantic Capital, revealed, that, his company was impressed by the success of Invoke Solutions Inc.'s newly launched products and decided to invest in Invoke Solutions Inc.. He also stated that, Invoke Solutions Inc. has proved that they understand the market and with an efficient management team and experienced delivery team, it has strong chances to grow, especially when, it has sufficient funds to invest in Research and Development.
On the other hand, Ben Cesare, President and CEO, Invoke Solutions Inc., opined that, the funds received through the investment deal, would help Invoke Solutions Inc., to grow in a fast pace. He also informed that, the new product ranges of the company is being extremely successful in Europe and USA and the research and development team of the company is doing a great job in Israel.