Foothill Ranch-based Ytel announced it received a significant investment form Argentum and Marwit Capital.

The investment from Argentum and Marwit will be used to expand sales, marketing, and engineering efforts to support Ytel’s expeditious growth and ongoing solution innovation.

Marwit Managing Partner, Matthew Witte says “the area of cloud-based communications is a huge and rapidly changing market requiring nimbleness and continual innovation.”

Ytel is a leading provider of contact center software and embedded real-time communications solutions.

Argentum is a New York-based growth equity firm that supports entrepreneurial owners in building industry leading companies to accelerate growth, fund acquisitions or generate shareholder liquidity.

Marwit Capital is a Newport Beach, CA based private investment firm that partners with entrepreneurs, family-owned businesses, and management teams to build industry leading companies across industries in the lower middle market.

For more information, visit: www.ytel.com.