Tidemark, a Redwood City-based provider of cloud Enterprise Performance Management (EPM) solutions, has closed $24m in new venture financing.
The round was led by Redpoint Ventures, with participation from existing investors Greylock Partners, Andreessen Horowitz and Dave Duffield, co-founder and co-CEO of Workday.
This brings the total amount raised by the company to date to more than $35m.
Tidemark intends to use the new capital to increase adoption of its solutions among Fortune 1000 companies.
In conjunction with the funding, Geoff Yang, founding partner of Redpoint Ventures, will join the company’s Board of Directors. Current director Phil Wilmington has been named executive chairman.
Led by founder and CEO Christian Gheorghe, Tidemark offers a suite of cloud, social and mobile powered EPM applications including metrics management, strategic, financial and operational planning, budgeting and forecasting, and profitability modeling.
FinSMEs
18/01/2012