- Ellerston Capital Invests in Intelledox’s Technology and Customer Centric Approach
- Funds Will Accelerate Global Go-To-Market Strategy
Canberra, May 23, 2017: Global digital transformation software company, Intelledox, today announced that it has secured AUD 4 million growth capital in funding from Ellerston Ventures. Intelledox will use the financing for continued global expansion, accelerating product growth and innovation and increasing market awareness through sales and marketing. This is the fifth investment in the Ellerston Venture fund and investment Director, David Leslie, will join the Intelledox Board of Directors.
With more than 15 million users across the globe, Intelledox is a global leader in digital transformation solutions. The company’s flagship software solution, Infiniti, uses a data-driven approach to help organizations rapidly develop and deliver mobile-ready applications. These include mortgage applications, complex statements of advice for financial planners and banks as well as a variety of other customer engagements for Financial Services, Insurance, and Government clients.
Over the last year, sales across all regions went up by over 50 percent. Intelledox’s rapid growth has been driven by increased demand among global organizations. Intelledox's customers include a global investment bank, two of the big-four professional consulting firms, financial services firms in the US, Asia, and Australia, as well as Government agencies in Australia, New Zealand, and Singapore.
“In the Age of the Customer, organizations across the world recognize the critical need to support their digital transformation efforts with a customer-centric approach, and Intelledox is well-positioned to take advantage of this trend. This capital gives us additional resources to innovate rapidly, expand quickly and strategically into new markets, and deliver on our customer-centric vision around the world,” said Ray Kiley, CEO, Intelledox Pty Ltd.
Intelledox Co-founder and Chief Innovation Officer Phillip Williamson commented, “To have attracted such high-caliber investment validates our ability to transform the way companiesapproach process improvement. We look forward to working with our board, our passionate team, and our innovative customers and partners to drive better digital transformation results with a customer focused and data-driven technology offering.”
“Intelledox has built a solution that solves a major problem for organizations, whether they are large and complex or small and focused, the platform accelerates speed to market and flexibility around business processes and customer interaction. We are excited to support such an incredible Australian business and their amazing team, during their high growth journey”, said David Leslie, Investment Director, Ellerston Capital (Ventures).
The investment follows the recent announcement of Intelledox’s expanded global reseller agreement with DocuSign®. Over the past year, Intelledox was named a 2016 Hot Vendor in Advanced Digital Transaction Management (DTM). The company was also positioned as an 'Innovator' in the Aragon Research Globe™ for DTM.
Intelledox was assisted in its capital raising by the Sydney office of Eaton Square, an international corporate advisory group that specializes in assisting growth stage technology businesses with strategy, capital, mergers, acquisitions and trade sales.