Unanet, a Dulles, Va.-based project-based Enterprise Resource Planning (ERP) provider, received a growth equity investment from JMI Equity.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate growth, further enhance its product development efforts, and expand the organization.
Founded in 1998 by Fran Craig, Founder and CEO, Unanet provides a cloud platform that offers project management and enterprise resource planning capabilities in an integrated application to decrease administrative process and G&A headcount relative to competitive systems, increase project-level profitability, and real-time visibility to support decision making.
The solution, used by over 1,200 customers across all industries, including government contractors, architecture and engineering firms, and consulting organizations, optimizes skills management, resource scheduling, budgeting & planning, time & expense reporting, billing & revenue recognition, real-time project management analytics and dashboards, and GL, AP, AR, cost pool calculations, and indirect allocations.