PSG Leads Strategic Growth Investment in Kenect

April 20, 2021

Funds advised by PSG have made a strategic growth investment in Kenect, a Lehi, Utah-based provider of cloud-based two-way text messaging and customer communications technology. The capital will be used to fund product innovation, scale go-to-market and customer support, and pursue strategic acquisitions; financial terms were not disclosed.

Buyers
PSG
Targets
Kenect, LLC
Industry
Cloud & SaaS
Location
Utah, United States
Transaction Type
Growth capital

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