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Investcorp to acquire channel management platform provider

Technology investor Investcorp Technology Partners is to acquire a majority stake in Zift Channel Solutions Inc, a provider of Partner Relationship ManagementIntel and Through-Channel Marketing Automation software. 

Technology investor Investcorp Technology Partners (ITP) is to acquire a majority stake in Zift Channel Solutions Inc (Zift), a provider of Partner Relationship Management (PRM) and Through-Channel Marketing Automation (TCMA) software. 

The investment round, which, including additional growth funding ITP is injecting into the business, is valued at over $70 million. Existing Zift investors Arrowroot, Oxx, SMM, and AshGrove Capital will remain involved with the company.
  
ITP’s investment, the second from the Investcorp Technology Partners V fund, will help accelerate Zift’s expansion into international markets, and further support the company’s growth. 
  
The transaction is subject to customary regulatory requirements and expected to close at the end of January.

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