Evolve IP closes investment from Great Hill

Evolve IP has closed its majority investment from Great Hill Partners, a middle-market private equity firm, the company said.

Launching in 2007, Evolve IP is a cloud services companies providing organizations with a unified option for cloud computing and cloud communications services. The company provides virtual servers, virtual desktops, unified communications and contact centers.

Great Hill Partners is a private equity firm that has raised USD3.8 billion to finance the expansion, recapitalization, or acquisition of companies in a wide range of sectors in business-to-business and business-to-consumer industries including software, financial and healthcare technology, digital media, eCommerce, and Internet infrastructure.