On April 11, 2019, Skuid 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.
With this transaction, Skuid gains the backing of Marlin’s extensive operational and financial resources as we pursue the enormous market opportunity in the no-code, low-code software development market.
Six years ago, Skuid launched with a commitment to humanize enterprise technology. We have swiftly transitioned from a scrappy startup to an established market leader in no-code and low-code rapid application development.
Now with a worldwide customer base and a rapidly expanding partner network, more people than ever can experience the massive benefits of transformative, human-centered applications to drive adoption and engagement.
In a recent report by independent research firm, Forrester, 1 Skuid was recognized as a “Challenger” among low-code development platforms and as “best when user experience is paramount.”
To become a clear leader in this and other analyst categories, we sought to partner with a global investment firm that has a history of empowering companies with game-changing technologies. Marlin shares our strategic vision of helping our customers transform their businesses with design-first applications.
As partners, we will continue to expand and improve the Skuid platform, support, and services, bringing powerful new front-end design and UX development capabilities to even more companies. Getting down to specifics, no customer or partner contracts or paperwork will need to change as a result of this transaction. Your existing Skuid relationships and day-to-day processes will also stay in place. The big change will occur behind the scenes, as Skuid now has the backing of one of the best private equity partners in the business.
Ken McElrath, Founder and CEO
1 The Forrester Wave™: Low-Code Development Platforms For AD&D Professionals, Q1 2019