Utah based Telarus, a master agent of Cloud, Unified Communications, Cybersecurity, Contact Center, and Network Services, announced a growth equity investment led by Columbia Capital to fuel continued growth and expansion. Telarus’ existing management team will continue to lead and maintain a majority stake in the firm.
“We are excited to welcome our friends from Columbia Capital as investors in Telarus,” said Adam Edwards, CEO of Telarus. “Telarus is the number one producing Master Agent worldwide, and we believe we can do even more with the support of an industry-focused equity partner. Columbia’s investment will accelerate our continued investment in providing the best experience for our partners and suppliers. After talking to numerous investors, we selected Columbia, who we believe is uniquely positioned to help us grow the business at an accelerated pace and who will be a true partner to the founding management team.”
The private equity firm behind Zayo, Cologix, Cloud Sherpas, Presidio, and New Signature adds Telarus to its list of technology investments. The amount of the investment was not disclosed.
“We’ve been following this space for years and are seeing an inflection point and a massive growth opportunity in the channel,” said Evan DeCorte, principal at Columbia Capital. “Telarus’ market-leading scale and proprietary technology make it a truly unique platform in the space. We couldn’t be more excited to back Adam, Patrick, and Richard as they continue to scale the business.”
“In recent years, we’ve seen consolidation happening in which the master agent in question was ‘taken over’ by a larger entity, with the principals selling all or most of their shares,” said Richard Murray, COO of Telarus. “One of the many things we liked about Columbia Capital was our ability to maintain control of the firm. This will allow us as an ownership and management team to execute upon our vision, enhanced by Columbia’s ability to provide guidance as we scale to get to our destination faster. We look forward to continuing to expand our field sales presence, build out our support and engineering teams to take care of our partners, and accelerate what we’ve always done to create industry-leading tools that make our partners smarter and more efficient.”
“In spite of COVID, we’ve never had a better year,” added Patrick Oborn, CPO of Telarus. “This is, in part, due to the investments we made over the last few years that take time to be realized. It is also due in large part to the driving culture of our team. Ultimately the incredible partners that continue to believe in us, sell with us, and have taken us to become the highest producing Master in not only our traditional core service areas of cable and network, but as well as advanced services like Unified Communications, Contact Center, Security, and Cloud.”
Founded in 1989, Columbia Capital is a sector-focused investor, investing exclusively in the communications infrastructure and IT services sectors. Columbia has raised more than $4B in fund commitments and is investing out of its seventh fund, a $600M vehicle. For more information, go to https://colcap.com/.
Telarus awards summit photo courtesy Telarus