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Greystone Technology is excited to announce $2M in funding from Cypress Growth CapitalDENVER, Nov. 21, 2016 /PRNewswire/ -- Greystone will use the $2.0M royalty-based growth capital to scale their unique service model to serve more customers and expand into the enterprise market. In addition to investing in core services, Greystone will grow their healthcare IT and digital marketing, security, and compliance practices. Additional investments include building business development and marketing capabilities. "This investment presents a tremendous opportunity to build on our culture of being a people-first technology company," says Greystone co-founder Peter Melby. "Business leaders across every division from HR to operations are being asked to make critical technology decisions. We can now build on our products and services to better support those leaders as they grow their companies." Greystone has averaged 40% growth per year for the past 12 years, in part due to a service model unique in the managed service industry. Rather than providing clients with a pool of engineers staffing a help desk, each Greystone client engages with a dedicated team of engineers, consultants and business technology advisors. This model enables Greystone to deliver an excellent user experiene and more appropriate, meaningful support driven by each team's knowledge of their client's context. "The non-equity structure of this investment gives us access to Cypress' deep experience while maintaining the autonomy we need to move fast," said Greystone co-founder Jesse Armstrong. "This is a perfect partnership for building on our core capabilities and accelerating the development and delivery of new products and services that will make an impact on our client's businesses." About Greystone Technology
Greystone was founded in Denver in 2001. Since then, Greystone has expanded to include three offices along Colorado's front range and 70 employees. About Cypress Growth Capital Contact: Jeremiah Fellows, 1-303-757-0779, [email protected]
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/greystone-technology-is-excited-to-announce-2m-in-funding-from-cypress-growth-capital-300366259.html SOURCE Greystone Technology |