RICHMOND, Virginia, May 26, 2021 / PRNewswire / – Terazo, a software development and managed services company, announced today that it has closed a fundraising round of more than $ 10 million. The round was led by Tercera, a growth-oriented investment and advisory firm specializing in cloud professional services, with the participation of Twilio (NYSE: TWLO), the leading cloud communications platform.
This funding will accelerate Terazo’s recruitment efforts and the pursuit of acquisitions and strategic partnerships, allowing the company to expand its growing integration and automation services and grow nationwide. Custom development, automation and cloud integration saw rapid growth during the COVID-19 pandemic, as customers sought to shift traditional desktop-based contact centers and other platforms intended for customers to the cloud. Terazo has become a trusted partner in this journey and in embracing new business capabilities.
“One of Terazo’s core values is to ‘seek meaningful work’, and this strategic investment will allow us to expand our team and hire additional sales and engineering talent needed to deepen customer relationships. “, said Mark Wensell, CEO of Terazo. “We have built a reputation for helping organizations create, automate and integrate technology solutions that create sustainable competitive advantage and economies of scale. We look forward to using this investment to support the growing number of businesses that have accelerated their digital transformation timelines and are looking for a long-term partner on this journey. “
“Terazo is the epitome of a third wave of cloud consulting – specialist skills that the team brings to their unique culture,” said Dan Lascell, Partner at Tercera. “Terazo’s ability to help traditional businesses and startups develop, integrate and automate their internal and customer-centric digital experiences unleashes incredible business value. We are excited to partner with the Terazo team to bring these capabilities to an even larger market. . ”
“Terazo’s alignment with our cloud-centric, API-based development approach, and the great work they have done for our customers make them an important partner within our growing partner ecosystem. “, said Glenn weinstein, Chief Customer Officer at Twilio. “Twilio’s Customer Engagement Platform empowers OEMs around the world, and Terazo truly embodies the OEMs mindset.”
Terazo is Tercera’s second strategic investment. Terazo is a member of the Twilio Partner Program. Dan Lascell from Tercera will join Terazo’s board of directors.
Terazo is a solution-oriented, platform-centric software development and managed services company. The growing company, founded in 2016, supports critical online platforms, applications and services for customers in a wide variety of areas. For more information, please visit https://terazo.com.
Tercera is an investment and advisory firm founded to accelerate the growth of people-centric businesses. Specialized in 460 billion dollars Cloud professional services market, the Tercera team is made up of invested operators who know firsthand what it takes to build and scale a successful cloud services business. Tercera (Spanish for ‘third’) is on a mission to identify the people and partners who will lead the next wave of cloud computing – the third wave – and provide them with the capital, advice and connections they need. to evolve more quickly and take a disproportionate share of the market. For more information visit: https://www.tercera.io/.
Contact: Trevor Dickerson
E-mail: [email protected]