Since 1991, Agiloft Inc. has had only one CEO and hadn’t raised any outside funding. But times have changed. The contract life cycle management company announced today a $45 million growth equity investment from FTV Capital and appointed Eric Laughlin as its new CEO.

Agiloft CEO Eric Laughlin.

Agiloft grew purely through sales for nearly 30 years, but needed outside investment to reach a new phase, Laughlin explained. “Agiloft was bootstrapped till reaching this tipping point of both industry demand and the need to scale quickly,” he said.

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