Cleo, which like other companies involved in business-to-business (B2B) technology, saw rapid growth in the past year as online commerce and communication accelerated, has received a strategic investment from an affiliate of alternative investment firm H.I.G. Capital.
The companies did not disclose how much the investment was, and Cleo declined to provide an update of previous investment rounds.
Mahesh Rajasekharan, president and CEO of Cleo, told Modern Shipper the investment will “strengthen...
https://www.freightwaves.com/news/h-i-g-capital-makes-strategic-investment-in-cleo