Phoenix-based Trapp Technology ("Trapp" or the "Company"), an application hosting, managed services, and cyber-security solutions provider, announced a strategic minority investment partnership with Birmingham, AL-based Harbert Credit Solutions Fund and Evergreen, CO-based Black Lake Capital.
GLC Advisors acted as the exclusive financial advisor to Trapp Technology in connection with the recapitalization.
The financing is expected to be used for hiring, infrastructure, marketing and sales - ultimately, accelerating Trapp's expansion of the Company's new cyber-security division and capturing the flood of clients wanting to use recently launched ArmorPoint (the Company's new cyber-security software and hardware solution).
Founded in 2007, Trapp Technology is a leading provider in cloud, voice, security, and IT solutions to small/medium sized businesses as well as enterprise clients in both the U.S. and abroad. With over 40,000 users, Trapp was listed as one of the fastest-growing private companies in Arizona in the 2019 Inc. 5000 list, the Company's sixth time on the list with 87% three-year growth.
GLC Transaction Team
Adam C. Fiedor / Managing Director / Adam.Fiedor@glca.com / 303.479.3845
Michael D. Richter / Managing Director / Michael.Richter@glca.com / 303.479.3844
Mike P. Fleschner / Vice President / Michael.Fleschner@glca.com / 303.479.3846
Bradley J. Hale / Analyst / Bradley.Hale@glca.com / 303.479.3851
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