{"id":414935,"date":"2021-01-14T08:56:28","date_gmt":"2021-01-14T13:56:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414935"},"modified":"2021-01-14T08:56:28","modified_gmt":"2021-01-14T13:56:28","slug":"investcorp-invests-in-unilog-to-accelerate-growth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investcorp-invests-in-unilog-to-accelerate-growth\/","title":{"rendered":"Investcorp Invests in Unilog to Accelerate Growth"},"content":{"rendered":"

\nInvestcorp will back CEO Suchit Bachalli to fuel further platform innovation and customer acquisition
\n<\/h2>\n
\n

WAYNE, Pa., Jan. 14, 2021 (GLOBE NEWSWIRE) — Unilog<\/u><\/a>, the leading provider of powerful, affordable eCommerce solutions to midmarket businesses, announced today that Investcorp, a leading global provider and manager of alternative investment products, acquired a majority stake in Unilog along with the investment of growth capital. Other terms of the transaction were not disclosed.<\/p>\n

Unilog intends to leverage the capital backing to accelerate product innovation, enhance customer service, and expand market presence through both organic and inorganic acquisition opportunities.<\/p>\n

\u201cUnilog has a proven history of delivering success for our customers,\u201d said Suchit Bachalli, CEO of Unilog. \u201cOn average, our customers reported 40% growth with our digital commerce platform over the past year. This level of success, along with our current market adoption, uniquely positions Unilog as the undisputed leader in eCommerce solutions for midmarket B2B companies.\u201d<\/p>\n

According to research from Digital Commerce 360, last year about 16.9% \u2013 or $957 billion \u2013 of all distributor sales of nearly $6 trillion was done via digital commerce. This growth is expected to persist as B2B buyers continue to adopt eCommerce as their preferred channel of purchase.<\/p>\n

\u201cUnilog stands out amongst solution providers in the B2B eCommerce sector,\u201d said Harsh Shethia of Investcorp. \u201cUnder Suchit\u2019s leadership they have a history of delivering a quality product that\u2019s on par with some of the largest enterprise solution providers. We\u2019re looking forward to helping Unilog deliver their platform to the broader midmarket sector.\u201d<\/p>\n

Current Unilog customers include Distribution International, Cameron Ashley Building Products, Arbill Safety, Turtle & Hughes, Orgill, and hundreds of other wholesale distributors, manufacturers, and specialty hardgoods retailers. The company has witnessed explosive growth in recurring revenue with a compound annual growth rate (CAGR) exceeding 40% over the past three years. Unilog believes the infusion of capital from Investcorp will help propel them over the $100 million annual recurring revenue mark.<\/p>\n

\u201cInvestcorp shares our vision for the industry,\u201d said Bachalli. \u201cWe are thrilled to have their global brand backing us as a capital partner. We strongly believe this partnership will help Unilog achieve our goals faster.\u201d<\/p>\n

Lincoln International was the exclusive advisor to Investcorp on this transaction.<\/p>\n

\n ABOUT UNILOG<\/strong>\n <\/p>\n

Unilog is a global technology company that delivers powerful, affordable eCommerce solutions for the B2B marketplace. Our cloud-based eCommerce platform and product data enrichment services help distributors, manufacturers, and wholesalers increase online sales, reduce cost to serve, and enhance their digital channel. For more information, visit www.unilogcorp.com<\/u><\/a>.<\/p>\n

\n ABOUT INVESTCORP<\/strong>\n <\/p>\n

Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes and infrastructure. Since our inception in 1982, we have focused on generating attractive returns for our clients while seeking to create sustainable long-term value for our shareholders and communities as a prudent and responsible investor with a commitment to sound Environmental, Social and Governance (ESG) practices.<\/p>\n

We invest a meaningful portion of our own capital in products we offer to our clients, ensuring that our interests are aligned with our stakeholders. We take pride in partnering with our clients to deliver tailored solutions for their needs, utilizing a disciplined investment process, employing world-class talent and combining the resources of a global institution with an innovative, entrepreneurial approach.<\/p>\n

Investcorp has today a presence in 12 countries across the US, Europe, GCC and Asia, including India, China and Singapore. As of June 30, 2020, Investcorp Group had US $32.2 billion in total AUM, including assets managed by third party managers, with a diverse group of approximately 450 employees from 44 nationalities globally across its offices. For further information, visit\u00a0www.investcorp.com<\/a>\u00a0and follow us @Investcorp on\u00a0LinkedIn<\/a>,\u00a0Twitter<\/a>\u00a0and\u00a0Instagram<\/a>.<\/p>\n

\n PRESS CONTACT<\/strong>
\n
Scott Frymire
SVP Marketing, Unilog
scott.frymire@unilogcorp.com
<\/a>267-918-7752<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Investcorp will back CEO Suchit Bachalli to fuel further platform innovation and customer acquisition WAYNE, Pa., Jan. 14, 2021 (GLOBE NEWSWIRE) — Unilog, the leading provider of powerful, affordable eCommerce solutions to midmarket businesses, announced today that Investcorp, a leading global provider and manager of alternative investment products, acquired a majority stake in Unilog along with the investment of growth capital. Other terms of the transaction were not disclosed. Unilog intends to leverage the capital backing to accelerate product innovation, enhance customer service, and expand market presence through both organic and inorganic acquisition opportunities. \u201cUnilog has a proven history of delivering success for our customers,\u201d said Suchit Bachalli, CEO of Unilog. \u201cOn average, our customers reported 40% growth with our … <\/p>\n

Continue reading “Investcorp Invests in Unilog to Accelerate Growth”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-414935","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nInvestcorp Invests in Unilog to Accelerate Growth - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investcorp-invests-in-unilog-to-accelerate-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investcorp Invests in Unilog to Accelerate Growth - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Investcorp will back CEO Suchit Bachalli to fuel further platform innovation and customer acquisition WAYNE, Pa., Jan. 14, 2021 (GLOBE NEWSWIRE) — Unilog, the leading provider of powerful, affordable eCommerce solutions to midmarket businesses, announced today that Investcorp, a leading global provider and manager of alternative investment products, acquired a majority stake in Unilog along with the investment of growth capital. Other terms of the transaction were not disclosed. Unilog intends to leverage the capital backing to accelerate product innovation, enhance customer service, and expand market presence through both organic and inorganic acquisition opportunities. \u201cUnilog has a proven history of delivering success for our customers,\u201d said Suchit Bachalli, CEO of Unilog. \u201cOn average, our customers reported 40% growth with our … Continue reading "Investcorp Invests in Unilog to Accelerate Growth"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investcorp-invests-in-unilog-to-accelerate-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-14T13:56:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjAyMCMzOTE5NTQ2IzIxOTAwNzU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investcorp-invests-in-unilog-to-accelerate-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investcorp-invests-in-unilog-to-accelerate-growth\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Investcorp Invests in Unilog to Accelerate Growth\",\"datePublished\":\"2021-01-14T13:56:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investcorp-invests-in-unilog-to-accelerate-growth\\\/\"},\"wordCount\":628,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investcorp-invests-in-unilog-to-accelerate-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyNjAyMCMzOTE5NTQ2IzIxOTAwNzU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investcorp-invests-in-unilog-to-accelerate-growth\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investcorp-invests-in-unilog-to-accelerate-growth\\\/\",\"name\":\"Investcorp Invests in Unilog to Accelerate Growth - 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