global franchise newsletter sign up graphic

Stay in the know and receive the latest international franchising news, insight and investment opportunities

close catfish

Scorpion raises $100m from Bregal Sagemount to expand its technology and services

Scorpion raises $100m from Bregal Sagemount to expand its technology and services

As well as raising the funds, Scorpion has announced a plethora of new senior hires.

Keep up to date with the latest Global Franchise News sent straight to your inbox. Sign up here.

Digital marketing expert Scorpion has announced a $100m investment from Bregal Sagemount, which will help to expand its technology and customer offerings.

This funding comes during a considerable growth period for Scorpion, with the organization currently planning to open a new headquarters in the Salt Lake City area. The company also continues to add to its nearly 1,000 employees, with several senior hires that will further boost its capabilities.

These include the appointment of Daniel Street as CEO, Mikel Chertudi as chief revenue officer, Raj Ramanan as chief operating officer, and Azim Nagree as EVP operations and M&A.

“The pandemic has cemented the need for businesses of all sizes to undergo a digital transformation in order to effectively reach and communicate with their customers. Many local providers recognize the need to adopt digital tools and services for local market insights, but simply don’t know where to begin,” said Scorpion CEO, Daniel Street.

“I am thrilled to lead Scorpion, as we continue to bring local businesses enterprise-grade technology to drive informed market decisions and enable them to focus on what they do best.”

Each of the company’s new hires brings with them an impressive background in executive leadership: Street, a former SVP of digital for Nexstar, CEO of Loku, executive at KKR, and management consultant at Bain and Company, brings decades of extensive experience as a highly regarded technology executive with strategic insights in local media, digital marketing, and SaaS.

Chertudi, former head of digital marketing, growth and inside sales at Adobe, is a digital SaaS expert with more than fifteen years of experience in marketing, product, and sales in B2B and B2C revenue models.

Ramanan brings leadership and operational experience from his time spent at McKinsey, Disney, and KKR, and will help Scorpion grow revenue, onboard new customers, and continue to provide world-class service.

Nagree, previously principal of Nagree Consulting and VP of account management at Cision, brings 15 years of experience in growing, scaling, and exiting innovative startups.

“Scorpion experienced remarkable growth thanks to its dedication to building a better way to help local businesses thrive,” said Blair Greenberg, partner at Bregal Sagemount. Kirk Smith, principal added, “Its tireless determination, genuine care, cutting-edge tools, and award-winning services are unmatched, and at the core of every customer experience. Bregal Sagemount is excited to be part of Scorpion’s prosperous journey as we invest in its growth and technology expansion.”

you may be interested in

franchise directory

  • TaxAssist Accountants

    Business & Professional Services, Financial Services, <100K, Featured

  • Cafe2U

    Food & Catering, Coffee, Take-away, <100K, Featured

  • 800 Pizza

    Food & Catering, Fastfood, Pizza, Take-away, Featured

view more
Connect with Linkedin Logo
Global White Logo Click Here
Close button

WHAT DO WE USE YOUR INFORMATION FOR?

Any of the information we collect from you may be used in one of the following ways: To personalize your experience (your information helps us to better respond to your individual needs) To improve our website (we continually strive to improve our website offerings based on the information and feedback we receive from you) To improve customer service (your information helps us to more effectively respond to your customer service requests and support needs) To process transactions your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, without your consent, other than for the express purpose of delivering the purchased product or service requested. To administer a contest, promotion, survey or other site feature To send periodic emails The email address you provide for order processing, will only be used to send you information and updates pertaining to your order. Note: If at any time you would like to unsubscribe from receiving future emails, we include detailed unsubscribe instructions at the bottom of each email.

HOW DO WE PROTECT YOUR INFORMATION?

We implement a variety of security measures to maintain the safety of your personal information when you place an order or enter, submit, or access your personal information We offer the use of a secure server. All supplied sensitive/credit information is transmitted via Secure Socket Layer (SSL) technology and then encrypted into our Payment gateway providers database only to be accessible by those authorized with special access rights to such systems, and are required to keep the information confidential. After a transaction, your private information (credit cards, social security numbers, financials, etc.) will not be stored on our servers.

DO WE USE COOKIES?

Yes (Cookies are small files that a site or its service provider transfers to your computers hard drive through your Web browser (if you allow) that enables the sites or service providers systems to recognize your browser and capture and remember certain information. We use cookies to help us remember and process the items in your shopping cart, understand and save your preferences for future visits, keep track of advertisements and compile aggregate data about site traffic and site interaction so that we can offer better site experiences and tools in the future. We may contract with third-party service providers to assist us in better understanding our site visitors. These service providers are not permitted to use the information collected on our behalf except to help us conduct and improve our business.

DO WE DISCLOSE ANY INFORMATION TO OUTSIDE PARTIES?

We do not sell, trade, or otherwise transfer to outside parties your personally identifiable information. This does not include trusted third parties who assist us in operating our website, conducting our business, or servicing you, so long as those parties agree to keep this information confidential. We may also release your information when we believe release is appropriate to comply with the law, enforce our site policies, or protect ours or others rights, property, or safety. However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other uses.

THIRD PARTY LINKS

Occasionally, at our discretion, we may include or offer third party products or services on our website. These third party sites have separate and independent privacy policies. We therefore have no responsibility or liability for the content and activities of these linked sites. Nonetheless, we seek to protect the integrity of our site and welcome any feedback about these sites.

CHILDRENS ONLINE PRIVACY PROTECTION ACT COMPLIANCE

We are in compliance with the requirements of COPPA (Childrens Online Privacy Protection Act), we do not collect any information from anyone under 13 years of age. Our website, products and services are all directed to people who are at least 13 years old or older.

ONLINE PRIVACY POLICY ONLY

This online privacy policy applies only to information collected through our website and not to information collected offline.

TERMS AND CONDITIONS

Please also visit our Terms and Conditions section establishing the use, disclaimers, and limitations of liability governing the use of our website at globalfranchisemagazine.com/terms-conditions

YOUR CONSENT

By using our site, you consent to our online privacy policy.

CHANGES TO OUR PRIVACY POLICY

If we decide to change our privacy policy, we will post those changes on this page

CONTACTING US

If there are any questions regarding this privacy policy you may contact us using the information below. All correspondence relating to the Website should be sent to: Global Franchise 21/23 Phoenix Court Hawkins Road Colchester Essex CO2 8JY Email: subscriptions@aceville.co.uk