Sapience Analytics, a Pune, India-based provider of employee productivity software, secured an undisclosed amount of funding.
Credit Suisse Asset Management’s NEXT Investors made the majority investment.
The company will use the proceeds to accelerate expansion into the US market.
Founded in 2009 by Shirish Deodhar, CEO, Sapience Analytics provides an enterprise workforce analytics and efficiency solution which delivers visibility into work patterns and behavior in an organization. It is being used by leaders of over 70 major customers across 12 countries to make informed decisions and improve operating efficiencies across their enterprises for staffing, workload optimization, process improvement, robotic process automation, and outsourcing governance.
As a result of this investment, the company’s headquarters will be relocated to the U.S. In addition, Frank Fanzilli, Senior Advisor to NEXT Investors and former Global CIO at Credit Suisse First Boston, and Corporate Director at EnterpriseDB, SugarCRM, and Linux Foundation, and Greg Grimaldi, Portfolio Manager, NEXT Investors at Credit Suisse Asset Management, joined the Sapience Analytics board of directors.
Industry veteran Bradley Killinger has also joined as the President of the company, leading the North American business as well as global sales and marketing. His background includes prior leadership positions at IBM, Oracle, Unisys, among other firms.
The company’s current client base comes from Fortune Global 200 enterprises, top 50 global IT services firms, engineering, finance, and business process outsourcing companies.