Worcester tech firm infused with investment
Worcester-based Subito Technologies announced today that Beechtree Capital LLC, a New York-based private equity firm, has provided an investment for the company, and will act as lead investor.
Subito, which specializes in workforce scheduling software, will increase investment in product development and expand its global sales and marketing efforts with the proceeds from the investment. Beechtree Capital has provided investments to over 35 start-up and emerging companies, totaling more than $1 billion. Beechtree Capital's last 15 investments have all been successful, Subito reported in a release.
"Subito Technologies has the products and management talent to become the market leader in complex workforce management solutions," said Beechtree chairman George Weiss.
"We are excited to partner with as prestigious a firm as Beechtree Capital, whose strategic capital is as important as their financial capital," said Michael Gondek, president and CEO of Subito. "We look forward to working with them to rapidly scale the business and to deliver significant returns to our investors."
WBJ Web Partners
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