Customer Dynamics Forms Joint Venture with motionSlice, Raises $1 Million to Fund Accelerated Growth

Microsoft partner Customer Dynamics, a Dynamics CRM and technology consulting firm, has formed a new joint-venture with CRM customization firm motionSlice and has raised over $1 million in funding as it launches a new SaaS division and aims to accelerate growth.

Funding was led by MotionVest LLC. Both companies will now operate jointly under the new company, and officials say Customer Dynamics is now one of the five largest Microsoft Gold Partners in the US focused exclusively on Microsoft Dynamics CRM.

With the funding, Customer Dynamics will expand its newly created SaaS division that will integrate proprietary call center management tools, lead optimization, and other enhancements directly into Dynamics CRM, officials said.

"Not only does this new venture solidify Customer Dynamics as a top Microsoft Dynamics CRM partner, but it also adds a myriad of expertise to our fold," said Ryan Redmond, CEO of Customer Dynamics, in a statement. Redmond said it also increases the company's ability to serve more customers.

Redmond was named President and CEO of the newly formed Customer Dynamics entity by the Customer Dynamics' Board and Spence Angerbauer, principal manager of MotionVest has been named chairman of board.

Over the past year, Customer Dynamics has invested in developing proprietary technology solutions that integrate a number of services with Dynamics CRM through channel partnerships, including sales acceleration platform providers InsideSales.com, a privately held company with valuations reported to be more than $1 billion dollars, officials said.

Through these new channels and partnerships, Customer Dynamics said it expects to increase its revenue by more than 10 times from 2015 to 2016.