Maestrano completes $4 million capital raising to accelerate global expansion
Announcement posted by Maestrano 07 Jun 2016
June 7, 2016 – Sydney, AUSTRALIA – Maestrano, a leading Australian cloud computing platform provider that enables connected software applications for small and medium business (SMB) through its enterprise partners, today announced that it has completed a new AU$4 million capital raising to fund rapid growth.
Leading investment institution Acorn Capital is one of the key participants in the raising process, which This is aligned with the company's mission to dismantle traditionally siloed cloud models and be an effective integrator and aggregator for enterprises seeking deeper engagement with their SMB market. This new round of funding aims at accelerating Maestrano’s global expansion in its existing countries of operation and will be used to support increased demand for the company’s offerings.
Also playing a major role in this capital raising is Allan Moss AO, former CEO of Macquarie Group and one of Australia's most respected investment experts. Allan said, "We are excited by the global opportunity for Maestrano and its unique technology, which greatly simplifies the complex problem of connecting applications and delivers real benefits, especially for small and medium sized businesses. It is exciting to support an Australian software company that is succeeding on the world stage."
In just over two years since its commercial launch, Maestrano has raised $7.4 million from three rounds of funding and gained significant global traction. Recently named “Cool Vendor 2016” in the category of pervasive integration by Gartner, Maestrano has been chosen by major clients such as PwC and NAB, and expanded operations in the USA, UK, Singapore, United Arab Emirates and Australia.
Maestrano CEO, Stephane Ibos said, "We are delighted to have the backing of renowned investors in the IT and financial industries. We are seeing rapid revenue growth with 2016 tripling over 2015 and a sales pipeline that continues to exceed expectations. This new funding will allow us to expand our teams in key geographies, to meet current demand and prepare for further growth. Our journey with PwC and NAB in Australia is being repeated around the world, Maestrano is now recognised as a breakthrough platform for Cloud applications integration and Data Intelligence."
Maestrano is the first company in the world to bring all the advantages of automatic data synchronisation for cloud applications, exclusively to SMEs through its enterprise partners, alleviating the technical effort, cost, and long timeframes.
Today, Maestrano serves enterprise clients in seven countries and will reach millions of SMEs in 17 countries by early 2017. Key enterprise clients include telecommunication providers, financial institutions, consulting and auditing firms and resellers that Maestrano works with globally.
About Maestrano
Maestrano was founded in 2012 and has offices in the USA, UK, Asia, UAE and Australia.
Maestrano customers, from all continents and a wide range of industries, use Maestrano for leading business applications that share data automatically, are accessible in one dashboard and include advanced Business Intelligence with built-in user tuition.
Maestrano has won multiple awards around the world, including the 2016 EFMA FinTech Business Banking Award and the 2015 International Business Excellence Award.
For more information visit: www.maestrano.com
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