The SAVO Group, a Chicago, Illinois-based provider of SaaS sales enablement technology and consulting solutions, has secured a $14m growth round of financing.
The round was led by SAP Ventures, with participation from existing investor Sterling Partners.
The company intends to use the funds to expand and accelerate the innovation of its sales enablement platform.
Led by CEO Mark O’Connell, SAVO aims to help a sales organization maximize its ability to communicate value and differentiation. Its on demand solution is designed to open up the lines of communication between all departments, connecting them with the best sales materials, insights and expertise, and help drive better sales conversations so reps can close more deals.
Customers include Morgan Stanley, VMware, Walt Disney, ADP, Staples, Unum and GE Healthcare.
In conjunction with the funding, SAP Ventures’ managing director Doug Higgins will join SAVO’s board of directors.