Evolve IP, a ChannelE2E 100 company for 2016, has acquired seven businesses over the past eight years. Roughly six months ago, the company reached an inflection point. “All of our [key performance] indicators are strong,” says Gravina. “But you get to a point in the business and you ask — ‘What do we really need to accelerate this?’ We think the cloud opportunity going forward is really substantial. The only way to accelerate it was to access significant capital.”
- Evolve IP’s $100 million war chest for MSP, CSP acquisitions, ChannelE2E.com, May 13, 2016.
3. Donald Trump’s campaign budget was widely mocked on Tuesday as figures showed him paying his own companies and children while raising far less money than his rival for the US presidency, Hillary Clinton.
The businessman lavished nearly $1m on hats, pens, T-shirts, mugs and stickers last month but has not run a TV advert since he effectively secured the Republican nomination on 4 May. His minimal social media effort is led by his own bombastic tweeting.
Trump spent $6.7m in May, filings released by the Federal Election Commission (FEC) show. He spent more than $423,000 on facility rental and catering at his Florida resort, Mar-a-Lago, and another $350,000 on travel air on Tag Air, the holding company that owns Trump’s jet.
In total, roughly one-fifth of Trump’s expenditures in May went to his own companies or in reimbursements to Trump’s children. His son Eric’s wine company received nearly $4,000.
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