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.

“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.