Kenect Announces Strategic Expenditure from PSG

LEHI, Utah–(Enterprise WIRE)–Kenect, a rapidly increasing provider of business enterprise texting and communications technological innovation, now announced a strategic expansion financial commitment from money advised by PSG, a major progress equity organization partnering with center-industry computer software and technological innovation-enabled services providers. The financial commitment aims to fuel Kenect’s up coming section of progress which includes: Ongoing products innovation, scaling the go-to-market, introducing to the customer assistance firm and pursuing strategic acquisitions, all in purchase to much better provide Kenect’s escalating record of clientele across North America.

Financial terms have been not disclosed.

“We could not be much more enthusiastic to work with PSG to continue on our mission of connecting corporations with customers via our messaging platform,” explained Shaun Sorensen, Co-Founder and CEO of Kenect. “Businesses are seeking for far better approaches to enhance their buyer experience, communicate more effectively, accumulate payments by using text message and more. We consider we are uniquely positioned to supply an innovative resolution for this new era of local enterprise.”

Due to the fact its founding in 2017, Kenect has grown its cloud-based, two-way textual content messaging system to aid shopper communications, consumer encounter, direct generation, reputation management and payments for countless numbers of prospects throughout numerous industries.

Kenect enables providers to use their enterprise telephone selection to send out and acquire text messages from any unit. Textual content messaging is ubiquitous, and now it is starting to be a way that prospects want to converse with firms. 98% of text messages are opened and most buyers say mobile phone phone calls from enterprises are disruptive. Kenect’s information is very simple: Your shoppers want to text you, permit them.

“We look forward to operating with Kenect’s professional management workforce who, in our check out, has completed a remarkable occupation fast expanding Kenect by way of a differentiated, vertically-concentrated approach,” claimed Rick Essex, Taking care of Director at PSG. “We consider the Kenect group has formulated a robust, extremely scalable software package system and is effectively-positioned to handle the extensive current market option as adoption of text conversation with prospects in the little and medium sized business enterprise local community carries on to develop.”

Arbor Advisors acted as money advisor and DLA Piper served as legal advisor to Kenect. Weil, Gotshal & Manges LLP served as legal advisor to PSG.

About Kenect

Kenect has a crew of more than 100 staff dependent in the Silicon Slopes of Utah just exterior of Salt Lake Town. Kenect builds straightforward and effective textual content messaging resources that are uncomplicated to use. Thousands of organizations across North The usa use Kenect to textual content their customers, crank out online opinions, collect potential customers from their web sites, gather payments, and conduct are living movie chats. To study additional about Kenect stop by Kenect.com or text us at (888) 972-7422.

About PSG

PSG is a progress equity company that associates with center-market software program and know-how-enabled products and services firms to enable them navigate transformational growth, capitalize on strategic opportunities and make sturdy groups. Obtaining backed a lot more than 65 organizations and facilitated over 300 add-on acquisitions, PSG delivers intensive financial investment knowledge, deep know-how in software and technological know-how, and a firm dedication to collaborating with management teams. Launched in 2014, PSG operates out of workplaces in Boston, Kansas City and London. To study far more about PSG, stop by www.psgequity.com.