Semarchy, a San Francisco, CA-based provider of master data management software, received an investment from funds advised by Providence Strategic Growth, the growth equity affiliate of Providence Equity Partners.
Terms of the transaction were not disclosed.
PSG’s strategic investment aims to accelerate continued product innovation while expanding the company’s customer base to accelerate Semarchy’s growth trajectory.
Led by Salah Kamel, Founder & CEO, and Thorwald Herbert, COO, Semarchy is the creator of the xDM platform which enables organizations of any size to bring together the critical information scattered across applications into a single data hub, with fast time to value. Data can then be discovered, mastered, governed and centrally managed in a non-intrusive way. Semarchy xDM is available on most popular cloud marketplaces, such as Microsoft Azure and Amazon Web Services, with the same features as the on-premises platform.