FinancialForce.com Receives $50M from Advent International

financialforceFinancialForce.com, a San Francisco, CA-based cloud ERP provider on the Salesforce Platform, received an additional $50m investment from funds managed by Advent International.

The transaction was closed as part of a broader investment in FinancialForce.com’s majority investor, UNIT4. After this funding, UNIT4 will continue to be the majority shareholder and salesforce.com will continue to be a significant minority investor in the company.

The company intends to use the proceeds for product development, sales, marketing and customer support.

Founded in 2009 and led by Jeremy Roche, President and CEO, FinancialForce.com provides customer-centric businesses with a unified cloud platform and all the applications necessary to grow both the top and bottom line for Financial Management, Human Capital Management (HCM), Professional Services Automation (PSA), and Supply Chain Management (SCM).

FinSMEs

25/04/2014

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