Workfront, a Silicon Slopes, UT-based provider of Enterprise Work Management solutions, closed on a $33m growth round of capital.
The round was led by JMI Equity, which also led Workfront’s prior round of funding in February 2014, with participation from Greenspring Global Partners and Atlas Peak.
The company intends to use the funds for business development and sales, marketing, and product growth initiatives.
Led by Eric Morgan, CEO, Workfront provides a cloud-based Enterprise Work Management solution for marketing, IT, and other enterprise teams to manage excessive email, redundant status meetings, and disconnected tools via a centralized solution for managing and collaborating on all types of work through the entire work lifecycle. It is used by thousands of global enterprises like Cars.com, Cisco Systems, Comcast, iProspect, Schneider Electric, and Trek.