Evolve IP Closes Majority Investment From Great Hill Partners

PRESS RELEASE: Evolve IP announced that it has closed its majority investment from Great Hill Partners, a leading middle-market growth-oriented private equity firm. Since launching in 2007, Evolve IP has been one of the nation’s fastest growing cloud services companies providing organizations with a unified option for cloud computing and cloud communications services. Terms of the transaction were not disclosed.

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“We are very pleased to announce the closing of the transaction today and look forward to working with Great Hill Partners going forward,” said Thomas J. Gravina, Chairman, CEO and Co-Founder of Evolve IP.