Gryphon Networks, a Boston, MA-based provider of sales performance management and compliance software, received a strategic investment from Sverica Capital Management LP.
The amount of the deal was not disclosed.
The company intends to use the proceeds from the investment to accelerate development of new sales performance management functionality and expand its team.
Led by Jeff Fotta, CEO, Gryphon offers an enterprise-grade telephony platform that automatically screens, collects, and analyzes phone-based sales activity data from any device to transform activity into actionable sales insight that drives improved sales performance for consumer-facing companies.
Purpose-built for organizations with large, distributed sales teams, the company’s system enables agents to use the platform from any type of phone and gives managers access to analytics merging activity to desired outcomes.
More than a dozen Fortune 100 clients, including some of the largest banks, brokerage, insurance, and consumer services firms, are among Gryphon’s 300+ clients in North America.