Quilvest Capital Partners, a $7bn global alternatives investment manager, has invested in Acuiti Labs, a consultancy specialising in optimisation of the quote-to-cash process.
London-based Acuiti Labs was founded in 2014, employing over 200 and operating in North America, Europe and Asia. The company advises large businesses seeking to optimise their revenue management and billing processes through German multinational software company SAP’s billing and revenue innovation management (BRIM) solutions. Some 40% of the company’s revenue comes from the US market and 55% from Europe and other international regions.
Quilvest’s investment will support the company’s global expansion strategy including headcount growth and technology investment.
In a statement, Benjamin Sass, a Partner at Quilvest Capital Partners, said: “Acuiti Labs is at the forefront of an enduring technology shift as companies across various industries seek to transform and optimise their revenue models.”
“We look forward to combining our international reach and partnership approach with Acuiti Labs’s unique expertise and proven success in the SAP BRIM space.”
