Level Equity Management, a New York and San Francisco-based private investment firm, has made an investment in TeamDynamix, an information technology automation company.
TeamDynamix offers an IT service management (ITSM) and project portfolio management (PPM) platform with enterprise integration and automation (iPaaS). The company serves the financial services, healthcare, hospitality, manufacturing, retail, education and government sectors, aiming to help with automation with a low administrative burden. Existing investor K1 Investment Management will roll a material portion of its proceeds from its exit into TeamDynamix.
“The unique value proposition offered by combining ITSM with PPM and iPaaS is driving their growth,” states Ben Levin, co-founder and CEO of Level Equity. “We are equally impressed with the company’s consistent ability to retain and grow its customer relationships.”