Skuid Receives Growth Investment From Marlin Equity Partners
Chattanooga, Tenn.- Skuid, Inc. (“Skuid”), the leading no-code, cloud application platform, today announced the completion of a majority recapitalization and growth investment from Marlin Equity Partners (“Marlin”), a global investment firm with over $6.7 billion of capital under management. The company’s leading no-code, design-first cloud application platform enables developers and non-technical users to design, integrate, develop and rapidly deploy enterprise applications.
In a recent report1 by independent research firm, Forrester, Skuid was recognized as a “Challenger” among low-code development platforms and as “best when user experience is paramount.” Skuid’s robust application development platform seamlessly integrates with multiple applications and unifies disparate data and processes to help drive adoption and increase productivity. Following the growth investment from Marlin, Skuid will continue to aggressively scale its user base across enterprise IT departments and global systems integrators, as well as its loyal community of developers, consultants and user experience designers.
“We sought to partner with a global investment firm that has a history of empowering companies with game-changing technologies,” said Ken McElrath, founder and CEO of Skuid. “Marlin shares our strategic vision of helping our customers transform their businesses through innovative, human-centered applications and we are thrilled to be working alongside such a complementary partner.”
“Skuid has swiftly transitioned from a startup to a leader in the rapidly growing application development market, and its growing customer base and partner network are a testament to the company’s value proposition for global enterprises,” said Ryan Wald, a managing director at Marlin. “These global enterprises are fueling growth in the industry as they prioritize their digital transformation strategies and we look forward to supporting the management team in expanding Skuid’s capabilities for web and mobile application development across all lines of business.”
Skuid was founded in 2013 on the simple belief that enterprise software should stop forcing people to behave like machines. Instead, apps should behave more like humans who use them, so everyone can thrive in the digital world. With Skuid’s simple-to-use but incredibly robust cloud front-end design-and-deploy platform, anyone can connect to disparate data sources, assemble highly complex, made-to-order applications and instantly make changes – all without writing code. More than five million users across 32 countries use Skuid to engage with each other, with their data and with new customers in meaningful ways. For more information, visit www.skuid.com.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 140 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
1The Forrester Wave™: Low-Code Development Platforms For AD&D Professionals, Q1 2019