ALBUQUERQUE, N.M. — ClosedWon LLC, an Albuquerque-based firm that provides technical assistance to cloud-computing customers, has been acquired by LiquidHub, a digital integrating firm in Philadelphia that focuses on clients in the healthcare and financial sectors.
Terms of the deal remain confidential, but ClosedWon co-founder and chief technology officer Tim Smith said he and his partner, CEO Mark Morris, are satisfied with the outcome.
“We certainly landed on our feet,” Smith said. “We consider it a very successful ending to a successful journey.”
ClosedWon, a network integrator for customers who buy cloud-computing services from California-based Salesforce.com, will remain headquartered in Albuquerque, where it employs 26 people at a 2,500-square-foot office Downtown. Morris will remain with the company as LiquidHub’s Salesforce director. Smith is headed to another startup in California.
“The vast majority of ClosedWon employees will stay on with the company, but not everyone,” Smith said.
Smith and Morris launched ClosedWon as a home-based, two-man operation in September 2008. They hit $390,000 in revenue in their first year of operations, and then leaped to $1.5 million by 2010 and $3.88 million by 2012.
The company made the Flying 40 list of fast-growing New Mexico firms for two years. It took third place in 2013 for companies with under $10 million in revenue.
ClosedWon moved heavily into the healthcare market a few years ago. That, and its expertise with Salesforce, may have helped attract LiquidHub, which also acquired a second Salesforce consulting partner, Harvest Solutions, alongside the ClosedWon buyout.
“As we continue to execute more aggressive growth plans, our acquisition of ClosedWon and Harvest Solutions is the latest example of our commitment to strengthening LiquidHub’s position as a Salesforce partner for our clients,” said LiquidHub CEO Jonathan Brassington in a statement.
As a global company in expansion, LiquidHub can help ClosedWon grow a lot bigger, Smith said.
“We kind of hit a ceiling at ClosedWon, so LiquidHub can be a springboard to go to the next level,” he said. “It’s a much larger entity that will enable ClosedWon to scale and meet its goals.”