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NUSO Partners with McCarthy Capital to Accelerate Growth

NUSO Partners with McCarthy Capital to Accelerate Growth

May 31, 2024 Craig Etkin

May 30, 2024 07:00 AM Pacific Daylight Time

CLAYTON, Mo. & OMAHA, Neb.–(BUSINESS WIRE)–NUSO, an omnichannel provider of cloud communications and collaboration solutions, announces partnership with McCarthy Capital to accelerate growth. The recapitalization signed and announced in April has officially closed after satisfying customary regulatory approval. Members of NUSO’s senior management are investing alongside McCarthy Capital while BMO continues as the company’s debt provider.

“Our team is thrilled to continue this next chapter of the NUSO story alongside McCarthy Capital.”

NUSO delivers cloud native business communication services including telephony, collaboration, contact center, messaging, compliance, and critical communication platforms throughout North America, Europe, and the United Kingdom. The company enables business users and communication focused service providers to access advanced features and technology normally reserved only for the largest of customers. With its proprietary self-service infrastructure and real-time service delivery, customers and partners can access bespoke solutions, no matter their size.

“Today marks a major milestone for our team as we announce this recapitalization that will propel us into the next phase of growth. This strategic investment will not only help to expand our market reach but also position us for further innovation to serve our customers and partners,” said Matt Siemens, NUSO CEO. “Our team is thrilled to continue this next chapter of the NUSO story alongside McCarthy Capital.”

“McCarthy Capital is excited to partner with the NUSO management team. The company has experienced impressive growth over the last several years in the SMB-focused cloud communications space while offering its CPaaS services to some of the largest global carriers,” said Matthew Breunsbach, Managing Director, McCarthy Capital. “We look forward to helping the company continue to scale while being committed to serving its managed service providers and maintaining a best-in-class network.”

McCarthy Capital specializes in supporting management teams, who retain operating control and meaningful ownership, in growing their business. McCarthy Capital provides capital, guidance, and strategic resources to the people and companies in which they invest, with the goal of creating a true partnership. The mission at McCarthy Capital is simple: growing businesses in partnership with management.

Q Advisors, a global TMT investment banking boutique, represented NUSO in connection with this transaction. NUSO received legal guidance from Husch Blackwell.

Koley Jessen served as legal advisors to McCarthy Capital, and Riveron served as an accounting advisor.

About NUSO

NUSO offers a diversified portfolio of business Cloud Communications and CPaaS enablement solutions. The company maximizes resiliency while minimizing customer costs through native control of all service layers, from the network foundation to the business application. NUSO full-stack offerings are delivered via a network of channel partners, resellers, and managed service providers with a focus on real-time frictionless service. Addressing multiple expanding business markets of all sizes, NUSO enterprise–grade, as–a–service offerings are currently available throughout North America, the United Kingdom, and Europe. For more information, visit www.nuso.cloud.

About McCarthy Capital

McCarthy Partners Management, LLC is a registered investment advisor that conducts business as McCarthy Capital. McCarthy Capital, headquartered in Omaha, Nebraska, is focused on lower middle-market companies. For more than 35 years, the McCarthy organization has been partnering with founders, families, and exceptional management teams to support the growth of their companies. More information about McCarthy Capital can be obtained at www.mccarthycapital.com.

Contacts

Media Contact:
Tony Graham
Marketing & Communications
+1 314-987-6021
Tony.Graham@nuso.cloud

(c)2024 Business Wire, Inc., All rights reserved.


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Business Wire, Commercial Financing, intelligence360, Missouri, NUSO, Saint Louis

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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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