CloudPay Garners $16,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3e6cdea6-5885-4cd4-a881-830e81e85c84
Date
12/6/2012
Company Name
CloudPay
Mailing Address
3128 Highwoods Blvd Raleigh, NC 27604 USA
Company Description
CloudPay services payroll requirements with one integrated and comprehensive solution, accessible 24 hours a day, 365 days a year, anywhere. The CloudPay platform is a fully multi-tenanted solution which is configured to adapt to customer requirements and supports integration with existing operation on-premise and cloud-based enterprise technologies and solutions.
Website
http://www.cloudpay.net
Transaction Type
Venture Equity
Transaction Amount
$16,000,000
Transaction Round
Series B
Proceeds Purposes
This strategic round enables CloudPay to consolidate its innovative SaaS platform as the standard for multi-national payroll management and further accelerate the strong growth that it has experienced in the last 18 months.
M&A Terms
Venture Investor
Venture Investor
Venture Investor