Colligo (Olbia Software Inc.), a leading provider of collaborative apps for the digital workplace, announced that it has recently closed a capital raise to continue its mission to help knowledge workers at enterprises everywhere capture and collaborate with content and records more efficiently through its SaaS solutions. The funding will catalyze the company’s growth as Colligo looks to capitalize on the massive Microsoft 365 and cloud adoption trend.
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This round saw participation from both existing and new investors. Colligo will use the investment to scale its go-to-market and expand its product functionality to meet rising demand for enterprise content services software that enables more efficient and compliant capture of content into Microsoft SharePoint.
“The investments will materially accelerate the rate at which we add to our go-to-market motion and build and deploy the Colligo product suite,” said CEO, Tim Brady. “IT leaders face the daily challenge of balancing data and records management imperatives with the ease of access and collaboration that workers expect. We provide easy to use email capture and collaboration solutions to overcome these challenges in the modern workplace, increasing content discoverability while reducing legal and security risk. The ROI for any organization is clear, and the addition of new capital will help us continue this journey and ensure we support our customers for many years to come.”
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Colligo achieved record cloud revenue in 2020 and saw rapid growth in its cloud and Office 365 solutions. “While the past year has brought challenges to many businesses, it has also created opportunities for us to better help our customers with the shift to remote work and the growing problem of content sprawl and needing to get content into the right place.”
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