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Teleo Portfolio Firm Buys Irvine-based Ytel

Ytel serves retail, finance, and healthcare

Private equity firm Teleo Capital Management said today its portfolio company Sharpen Technologies Inc. has purchased Irvine-based Ytel Inc., a cloud-based communications platform. Financial details were not disclosed.
Founded in 2012, Ytel provides a flexible platform that allows developers and businesses to embed SMS, voice, and multi-channel messaging into applications, helping sales and support teams.
Ytel serves a diverse client base in industries such as retail, finance, and healthcare.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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