RICHMOND, Va., May 26, 2021 /PRNewswire/ -- Terazo, a software
development and managed services firm, announced today it has
closed a funding round of $10+ million. The round was led by
Tercera, a growth-focused investment and advisory firm specializing
in cloud professional services, with participation from Twilio
(NYSE: TWLO), the leading cloud communications platform.
This funding will accelerate Terazo's hiring efforts and pursuit
of strategic acquisitions and partnerships, enabling the company to
scale its growing integration and automation services and expand
nationally. Custom development, automation and cloud integration
experienced rapid growth during the COVID-19 pandemic as clients
sought to transfer traditional, office-based contact centers and
other customer-facing platforms to the cloud. Terazo has become a
trusted partner in this journey, and in the adoption of 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
the additional sales and engineering talent needed to deepen
relationships with customers," said Mark
Wensell, CEO of Terazo. "We have built a reputation for
helping organizations build, automate and integrate
technology-based solutions that create lasting competitive
advantage and economies of scale. We look forward to using this
investment to support the growing number of companies who have
accelerated their digital transformation timelines and are seeking
a long-term partner on this journey."
"Terazo is the epitome of a third wave cloud consultancy -- from
the specialized skills the team brings, to its unique culture,"
said Dan Lascell, Partner at
Tercera. "Terazo's ability to help traditional businesses and
startups alike develop, integrate and automate their internal and
customer-facing digital experiences unlocks an incredible amount of
business value. We're excited to partner with the Terazo team to
bring those capabilities to an even wider market."
"Terazo's alignment with our cloud-centric, API-first
development approach, and the great work they've done for our
customers makes them an important partner within our growing
partner ecosystem," said Glenn
Weinstein, chief customer officer at Twilio. "Twilio's
customer engagement platform enables the world's builders, and
Terazo really embodies the builder mindset."
Terazo is Tercera's second strategic investment. Terazo is a
member of Twilio's partner program. Dan Lascell from Tercera
will be joining the Terazo Board of Directors.
About Terazo
Terazo is a solutions-oriented,
platform-centric software development and managed services firm
offering integration and automation services that enable clients
large and small to run more efficiently and realize new business
value. The growing company, founded in 2016, supports
mission-critical platforms, applications, and online services for
customers in a wide variety of fields. For more information, please
visit https://terazo.com.
About Tercera
Tercera is an investment and advisory
firm founded to accelerate the growth of people-centric businesses.
Specializing in the $460 billion
cloud professional services market, the Tercera team is composed of
invested operators who know first-hand 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, counsel and connections they need to
scale faster and take an outsized share of the market. For more
information, visit: https://www.tercera.io/.
Contact: Trevor Dickerson
Phone: 804.467.4455
Email: trevor.dickerson@terazo.com
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SOURCE Terazo