Atlanta-based cloud sales platform N3 has raised a new $35 million round from New York City-based RedBird Capital Partners.
N3 creates and carries out large‐scale, outsourced sales and marketing campaigns for clients.
The investment gives RedBird a minority ownership N3, the companies said.
N3 said it needs the capital now to accelerate growth outside the U.S., particularly in Asia-Pacific and Europe. N3 believes the global expansion will create about 500 new jobs over the next year, which would bring the company’s headcount to more than 1,400 employees.
N3 also wants to develop new digital marketing and predictive analytics technology, and form new partnerships with other industry players.
“It gives us the opportunity to further build out our technical and sales infrastructures to support our global partners like Microsoft, Epicor, SAP, HP, Rackspace, and OpenText,” N3 CEO Jeff Laue said of the new investment.
Some analysts believe the cloud computing market will exceed $100 billion by 2018.
N3 was founded in 2004.