CorvisaCloud raises $30 million in funding

Posted Apr 23, 2014

CorvisaCloud is a cloud-based communications company that has raised $30 million in funding from its parent company Novation Companies Inc. (OTCQB:NOVC).

The additional funding will be used to expand CorvisaCloud’s sales and marketing efforts. It will also be used for potential acquisitions and accelerating product development. There will be an emphasis on the sales of CorvisaCloud’s CorvisaOne contact center software with this funding round.

“CorvisaCloud is experiencing strong momentum in the cloud contact center arena and as a result, we believe the time is now to take this company to the next level,” said Lance Anderson, CEO of Novation Companies. “The additional funds will drive substantial enterprise value while helping propel operations and allowing us to look at potential acquisitions. We look forward to accelerating CorvisaCloud’s initial success and building upon its increasing roster of globally recognizable brand name clients.”