Performio, an Irvine, CA-based enterprise-grade sales commission software solution provider, received a $75 million growth investment.
The deal was led by JMI Equity. Concurrent with the closing of JMI’s investment, Paul Barber and JMI Vice President, Jack Duane, have joined Performio’s Board of Directors.
This additional funding will support and accelerate Performio’s innovation and advancement of products for automating incentive compensation management and serving the dynamic needs of its growing customer base worldwide.
Founded by sales-compensation expert David Marshall in Australia in 2006, and led by Grayson Morris, Chief Executive Officer, and Luke Teeple, Chief Financial Officer and Chief Operating Officer Performio provides a cloud-based sales performance management (SPM) platform that sales and finance teams at organizations use to manage, calculate, and communicate incentive compensation information, a complex process that is frequently performed manually. The company currently works with some of the world’s largest banking, media, healthcare, manufacturing, technology, and software companies.
Performio has established leading positions in the North American and global mid-market and enterprise segments, with clients such as AstraZeneca, BrowserStack, ChargePoint, Contentful, Drager, Johnson & Johnson, OnDeck, Simpli.fi, Veeva Systems, Vodafone, and WP Engine.
FinSMEs
15/06/2022