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Agosto has received a $6.5 million investment. Agosto, which has headquarters in Minneapolis, Minnesota, United States, was established in 2001. The company has a broad range of specialization including IaaS, PaaS, SaaS options alongside IoT services and cloud infrastructure. It bills itself as a “cloud product development” provider that helps companies “move from legacy systems” and also offers Microsoft 365, Microsoft Exchange, Novell Groupwise, and IBM Notes. This latest round of investment was received from Bridge Bank and SG Credit Partners.
Agosto deals with customers in the private and public sectors and addresses the challenges they face when migrating to the cloud. The company’s services include administration support and “custom product development”. It has a presence across the United States with offices in Chicago, Houston, Nashville, San Francisco and Los Angeles. The company also has offices in Toronto, Canada. This current injection of capital will allow the company to benefit its partner ecosystem as it will enable Agosto to “invest in the company without touching existing equity.”
“Agosto’s new strategic relationships with Bridge Bank and SG Credit come after four years of tremendous growth,” explained the Vice President of Finance and Human Resources at Agosto, Michael Majerus. “Our plans call for an acceleration of this growth in the coming years, and this new capital will allow us to continue to invest in specific areas of the company while maintaining shareholders’ equity interests for the foreseeable future.”
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