ALPHARETTA, Ga., April 24, 2017 (GLOBE NEWSWIRE) — Profisee, a premier provider of next generation master data management (“MDM”) software solutions, announced that it has received a major investment from technology private equity firm ParkerGale Capital. Terms of the transaction were not disclosed.
Profisee’s Platform, and its Profisee Advantagetm Go-To-Market model, deliver enterprise MDM solutions for any size organization, helping them tackle the challenge of maintaining high data quality and trusted analytics. Profisee helps customers leverage a variety of data sets, from customer and product data domains to financial, equipment and employee data sources. Profisee’s global customer base uses these solutions to better, and more quickly, drive digital transformation across the enterprise.
Profisee’s CEO, Ian Ahern, comments on the investment, “ParkerGale’s commitment is a testament to our market success and consistent, profitable growth, and more decisively, signals our next phase of market disruption.” Ahern further states, “Organizations need data connectivity that is delivered flexibly and affordably. The ever complex chase for trusted data analytics is at the core of any digital transformation strategy.”
Jeff Wilson, Profisee CMO states, “Our customers deploy our platform any way they like; from 100% On-premise, to 100% Cloud or any Hybrid model in-between. We are the only MDM vendor supporting the Azure consumption model on Azure Marketplace. Our Profisee Advantagetm Go-To-Market pricing model includes every user, every data record and data source. ParkerGale recognizes our vision that MDM is no longer the dreaded back office behemoth of time and investment. The combination of our elegant technology and innovative license model is an enabler for making digital transformation a reality.“
Ahern adds to why Profisee selected ParkerGale, “We recognize the MDM marketplace is competitive and in the midst of undergoing a major shift to the mass market enabling MDM for any size organization worldwide. The major enterprise/ERP players are losing ground because of pricing and implementation costs. With our price disruption, and unique deployment options we see the time is now to take a leadership position in MDM, especially in the mid-market. To ensure we are ready for the future, our executive team recognized the need for a partner to help support our market leading growth. After extensive diligence of ParkerGale, we determined they were the best fit for Profisee. They bring the additional skills, experience and diversity we are looking for in a partner and at the board level.”
Kristina Heinze, Partner at ParkerGale Capital confirms, “Profisee has built a phenomenal MDM software platform for customers ranging from mid-size enterprises to Fortune 500 companies. The Profisee Advantagetm One Platform. One Pricetm approach is quickly becoming the new standard for ease of use and quick deployment for enterprise MDM. This is the perfect situation for ParkerGale to partner with a high-energy, high-growth technology business. We are thrilled to be working alongside Ian and his team.”
Growth plans for Profisee include increased investment across all departments, with emphasis on its global partner program, platform development, and continued acceleration of its revenue growth through sales and marketing. In addition, ParkerGale has reserved additional capital for organic growth initiatives and potential acquisition opportunities in the future.
Heinze further adds, “As part of the overall US$2B market for MDM software solutions, Profisee is the fastest growing vendor in the market by 2X, based on Gartner’s 2015 Magic Quadrant. Clearly, MDM is a compelling business strategy for enterprises of all sizes – with Profisee extremely well positioned to drive enterprise MDM uptake in the small-to-medium business (SMB) as well as Microsoft technology based organizations.”
Source: Nasdaq GlobeNewswire
