Caltius Structured Capital Closes Debt and Equity Investment in Kognitiv Inc.
November 8, 2022
Los Angeles, CA, November 2022 – Caltius Structured Capital (“Caltius”) is pleased to announce the recent closing of a debt and equity investment in Kognitiv, Inc. (“Kognitiv”). The Caltius investment was used to provide growth capital for Kognitiv and fund a shareholder dividend.
Founded in 2016 and headquartered in Newton, MA, Kognitiv (https://kognitivinc.com) is a dedicated Workday Inc. consultant primarily providing on-demand post-implementation support and managed services. Kognitiv has over 150 consultants and continues to scale rapidly to support its growing customer base. In addition, Kognitiv has created a proprietary software solution, Rooster, a scheduling tool that integrates multiple technologies into Workday.
“We are pleased to partner with Caltius to help fund the continued growth of our core business and software platform. The Caltius team were thoughtful and professional in their approach and demonstrated a clear understanding of our service model,” said Luke Switkowski, CEO and co-founder of Kognitiv.
“Kognitiv has a dynamic, innovative, and focused management team. They have built an organization that excels at customer service while recognizing employee satisfaction is paramount in building a best-in-class consulting business,” stated Gavin Bates, Managing Director of Caltius. “This investment reflects Caltius’ continued commitment to the technology services vertical. We are excited to partner with management in their plans to continue to grow the business.”