LiquidHub, a US-based digital systems integrator for businesses backed by financial services firm Credit Suisse, has closed a $53m series B round led by private equity firm ChrysCapital.
Credit Suisse invested in the company’s $20m series A round in 2007, which also featured investment manager PPM America and private equity firm NewSpring Capital. Taking into account $2m of equity funding from undisclosed investors in 2010, LiquidHub has now raised $75m since it was founded in 2000.
Based in Pennsylvania, LiquidHub provides industry-focused consulting, solutions and outsourcing services to the financial services, healthcare, insurance, commercial and public sectors.
“This partnership with ChrysCapital is a significant milestone in LiquidHub’s lifecycle,” said Jonathan Brassington, CEO of LiquidHub. “Their investment assures us the necessary resources to grow organically as well as through pragmatic and strategic acquisitions. This is the first step in our next phase of growth, which will solidify our position in the marketplace and extend our ability to deliver the most advanced technology solutions, quickly and efficiently, across the globe.”