Cypress Growth Capital Invests in Xcelocloud
Cypress Growth Capital is pleased to announce our recent investment in Xcelocloud, a Dallas-based technology company that provides multi-vendor engineering support to enterprise customers.
Xcelocloud solves a significant headache for large companies and government entities that manage complex software, cloud service, and computer hardware environments. Most IT departments today rely on a matrix of single-vendor support providers like Microsoft, AWS, and Cisco to manage their technology infrastructure. Xcelocloud eliminates complexity by providing a one-stop multi-vendor support solution (MVSS) that resolves issues across intertwined technologies and vendors. Xcelocloud's proprietary AI-powered workflow management software allows its engineering team to resolve technical problems more quickly and at a lower cost for customers.
“We selected Cypress because we highly value their insights and guidance, which are based on real-world experience leading and growing tech companies."
Mike Champion, Founder and CEO of Xcelocloud
“Xcelocloud is solving a critical industry need, and we felt that outside funding would allow us to magnify our impact,” said Mike Champion, Xcelocloud’s Founder and CEO. “We had several options when it came to choosing a growth capital partner. We selected Cypress because we highly value their insights and guidance, which are based on real-world experience leading and growing tech companies.”
Cypress Partner Vincent Hsieh noted that Mike and Xcelocloud's leadership team were key factors in the investment. “Mike is a proven leader, steeped in the IT management industry. The culture he created has attracted an impressive executive team with the agility, breadth, and depth to handle rapid growth while also servicing existing customers with complex needs.”
Cypress’ $5M non-dilutive growth capital will be invested in partner management, marketing, platform development, and client success initiatives.