NAVEGAR

Cloudstaff Modern Workforce, a leading global cloud-based workforce provider, today announced the successful completion of its US$20 million Series B with investment from Philippines-focused private equity firm Navegar.

Navegar is known for its portfolio of local investments in homegrown brands like the Bistro Group, Bistronomia, Bo's Coffee, Great Deals E-Commerce, Intellicare, Royale Cold Storage and TaskUs.

Navegar had been searching for a company with the ability to manage remote employees and scale to meet the needs of businesses around the world. Since, the COVID-19 pandemic has forced many companies to consider employing cloud workforces. Cloudstaff’s technology and culture were designed to meet this need.

Led by CEO Lloyd Ernst,Cloudstaffis managed by a group of accomplished and recognized leaders, fluent in the language of the remote workforce. They found that its business had the right combination of experience, and a proven record of remote workforce success, that was worthy of their investment.

In addition to contributing financial capital, Navegar Partners Javier Infante and Rodelio Manansala have joined the seven-person Cloudstaff Board of Directors. These individuals have extensive knowledge of the outsourcing industry and were early movers in the Philippines contact center industry, Infante having co-founded pioneer outsourcing company Ambergris Solutions in 2000 and Manansala being a key member of its management team.

“We have been thoroughly impressed with the company Lloyd has built,” said Infante. “We see many potential investment opportunities in outsourcing regularly and Cloudstaff is bar-none a top player in every respect, from the quality of its management team to the uniqueness of its employee culture.”

“With Navegar, we have found the best partner possible to grow our business model around the world,” said Lloyd Ernst,Cloud staff founder and CEO. “Now, we can expand our footprint and employ more cloud-based employees to meet the needs of businesses, immediately, especially during this worldwide transition from a single-office location to a work-from-home situation. We didn’t need a pandemic to prove we had the right technology in place, we knew our formula worked.”