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Visier Secures $15 Million in Series B Funding to Fuel Accelerated Growth
Vancouver, BC |
New round led by Summit Partners and includes existing investor Foundation Capital
Visier, the innovation leader in workforce analytics and planning solutions, today announced that it has raised $15 million in Series B financing. The round was led by growth equity investor Summit Partners and included existing investor Foundation Capital. Visier will use the capital to fuel investments in innovation and fund strategic growth initiatives that support its aggressive, global go-to-market strategy. Since its founding in 2010, Visier has re-defined how enterprise organizations approach workforce analytics by delivering out-of-the-box HR analytics that combine the sophistication of predictive capabilities with the ease-of-use of consumer applications. Visier Workforce Analytics gives business leaders and HR professionals the insight they need to take action to reduce workforce costs, improve productivity, attract and retain top talent, and optimize their people strategy to meet their business strategy. "Visier's first two years were spent creating a revolutionary way to approach analytics," said John Schwarz, Founder and CEO of Visier. "Since taking that solution to the market last year, customers have consistently told us they have never seen anything like Visier, and they are delighted with how Visier Workforce Analytics is helping to transform their businesses. With this capital infusion from top-tier investors Summit Partners and Foundation Capital, Visier will accelerate the release of new product offerings, continue to drive innovation in analytics, and grow market share through international expansion." Led by business intelligence visionaries including former Business Objects CEO John Schwarz, Visier's leadership team has a proven track record of successful technical, operational and strategic management with companies including Business Objects, Crystal Decisions, SAP, IBM and Symantec. "Visier is a market leader in the workforce analytics software industry. The company has created an amazing experience for business users, and solved the challenge of delivering real business insight—not analytic infrastructure—through the cloud in a fraction of the time required to get traditional analytics solutions up and running," said Greg Goldfarb, a Managing Director with Summit Partners who is joining the Visier Board. "As a long-time investor in software companies, Summit Partners is pleased to support this extraordinary management team that has built a rapidly growing company that is so focused on delivering business value to its customers." Visier is the choice of enterprise leaders that understand their greatest investment is their people. Representative customers include ConAgra Foods, CareFusion, Informatica, and Hyatt Hotels.
Visier’s purpose is to help people see the truth and create a better future—now. Visier was founded to focus on what matters to business people: answering the right questions, even the ones a person might not know to ask. Questions that shape business strategy, provide the impetus for taking action, and drive better business results. Visier delivers fast, clear people insight by using all the available people data—regardless of source. With best-practice expertise built-in, decision-makers can confidently take action. Thanks to our amazing customers, Visier is the market leader in Workforce Analytics with 5,000 customers in 75 countries around the world. For more information, visit http://www.visier.com. https://www.visier.com.
About Foundation Capital
At Foundation Capital, we're dedicated to the proposition that one entrepreneur's idea, with the right support, can become a business that changes the world. We helped Atheros create the mobile Internet, EnerNOC invent the energy demand response market, and Netflix revolutionize media distribution and consumption, among many others. We're currently invested in more than 80 high-growth ventures in the areas of consumer, information technology, software, semiconductors, and clean technology including BoardVantage, Chegg, Coverity, Lending Club, MobileIron, Simply Hired, Sunrun, TubeMogul and Venafi. Foundation Capital's eighteen initial public offerings include Envestnet, Financial Engines, Netflix, NetZero, Responsys and Silver Spring Networks. For more information, please visit http://www.foundationcapital.com.
About Summit Partners
Summit Partners (http://www.summitpartners.com) is a growth equity firm that invests in rapidly growing companies across North America, Europe and Asia. Founded in 1984, Summit has raised nearly $15 billion in capital and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 365 companies globally in technology, healthcare and other growth industries. These companies have completed 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable investments in the software sector include: Clearwater Analytics, McAfee, RightNow Technologies, Hyperion Software, GoldenGate Software, Postini, ProClarity and Unica. Summit Partners has offices in Boston, Menlo Park, London and Mumbai. Media Contact: Sarah Grant Visier 514-436-5100 sarah(dot)grant(at)visier(dot)com