Panther Announces Investment & Partnership With Switchbox, Inc.
A leading provider of Software Development and Digital IT Transformation services.
Welcome back and thanks for joining us for a special edition of our newsletter!
Panther Equity Group (“Panther”) is proud to announce alongside the team at Corbel Capital, our investment and partnership with Switchbox, Inc.
Founded in 2003, Switchbox is a well positioned and growing provider of Software Development & Digital IT Transformation services. Switchbox is an expert in solving business issues through custom Software and is well versed in helping mid-sized and enterprise clients within Healthcare, Energy, Defense, Retail and additional industries.
Panther is thrilled that following the close of the investment, Joel Stephens (Founder & CEO) is continuing as a co-owner of Switchbox and serving as the Company’s CEO.
The official press release can be found here.
Switchbox’s Outlook
“Switchbox is proud to be a creative and trusted technology partner to clients for the past 20 years and we plan to keep that core to our DNA through these next chapters”, said Joel, Founder & continuing CEO at Switchbox.
“We are extremely excited for the partnership with Panther & Corbel as we continue to expand our service offerings to new and existing clients, while maintaining the customer experience our clients know us for”.
Panther’s Outlook
We are honored to join the growing Switchbox family and look forward to ensuring the Switchbox team & clients have an incredible future for the years to come.
Panther is also excited to bring Operational, Business Development, Strategy and Finance expertise to further help Switchbox’s growth.
“Switchbox is an extremely capable and nimble Digital Transformation & Software development company with a deep understanding of the business, operational, and technology needs of its clients.
Switchbox is further differentiated by its ‘Discovery’ process and team which provide a value-added approach in accomplishing clients’ business goals through software-led solutions.
Joel and the leadership team at Switchbox have built a first-class operation over the course of the past 20 years and we are delighted to be a part of the future.”
-David Eshaghian, Managing Partner at Panther Equity Group
Digital Transformation, IT Services + Software
We believe it is an incredible time to be investing in the space given Digital Transformation, IT Services + Software are at an intersection of opportunity for corporate needs. Small businesses, medium sized enterprises and large enterprises alike are looking to solve complex business problems across the board, while also being cost conscious along the way.
Finding ways to do “more with less” is a continued theme Panther continues to hear from Executives and CEOs — and Software is generally the best solution to help companies accomplish just that.
About Switchbox, Inc.
Founded in 2003, Switchbox is a Software Development & IT Digital Transformation company creating technical applications and Software solutions for customers in a handful of industries. While based in Columbus, Ohio, Switchbox continues to grow its presence throughout the United States.
With an established track record of helping customers reach business goals through Technology & Software, our team of ~35 people love ‘Discovery’ / Business analysis, Project Management, Technical Road-Mapping, Coding / Development, Quality Assurance and providing on-going Maintenance & Support.
For these reasons above (and more), many of our clients happily stay with us for years at a time and continue to give us more responsibility each step of the relationship.
We are proud of our work, and our clients are too! Please see a few case studies to see us in action.
And, here a few Switchbox faces (below) that make us great!
If you are interested in connecting with the team at Switchbox, please reach out to Panther and we will be happy to facilitate an introduction.
About Panther Equity Group
Panther Equity Group is a private equity sponsor seeking to provide capital, strategic support, and resources to healthy & well-positioned private companies in the lower middle market. We typically focus on companies with $2 million - $12 million in EBITDA and seek to make majority or significant minority equity investments.