Free press releases distribution network?

Agency / Source: FinancialForce

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



FinancialForce.com Raises $110 Million to Capitalize on Cloud ERP Growth - TCV-led funding round will further accelerate development and adoption of customer-centric ERP - TCV.com / FinancialForce.com
FinancialForce.com Raises $110 Million to Capitalize on Cloud ERP Growth

 

PRZOOM - /newswire/ - San Francisco, CA, United States, 2015/03/26 - TCV-led funding round will further accelerate development and adoption of customer-centric ERP - TCV.com / FinancialForce.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering E-Business B2B/B2C Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• The investment is led by Technology Crossover Ventures (TCV), a provider of capital to growth-stage private and public technology companies;
• Tim McAdam, General Partner at TCV, to join the company’s Board;
• Salesforce Ventures, Salesforce’s global corporate investment group and an existing investor in FinancialForce.com, has also invested in this round of funding;
• This round is in addition to the $50 million committed by Advent International in April of 2014;
• The investment will enable continuing growth in all facets of the business including product development, sales, marketing, alliances and customer support;
• FinancialForce.com recently reported a 91 percent annual subscription run rate growth and a $50 million revenue run rate in 2014;
• Built on the Salesforce1 Platform, FinancialForce ERP includes Financial Management, Professional Services Automation (PSA), Supply Chain Management (SCM) and Human Capital Management (HCM).

FinancialForce.com, a leading cloud ERP provider on the Salesforce1 Platform, announced today that it has raised $110 million in funding led by Technology Crossover Ventures (TCV). Salesforce Ventures, an existing investor, is also participating in this round of funding.

FinancialForce.com intends to use the funds to fuel innovation and growth. The investment will help expand all facets of the business including product development, sales, marketing, alliances and customer support. Morgan Stanley acted as sole placement agent on the deal.

The company also announced the addition of Tim McAdam, General Partner at TCV, to its Board. McAdam has been in the venture capital industry since 1991 and has a strong track record in scaling cloud software businesses.

This announcement follows a banner year for FinancialForce.com, having recently reported a 91 percent annual subscription run rate growth and a $50 million revenue run rate. It also increased its global headcount by more than 80 percent, from 250 employees at the end of 2013 to more than 450 at the end of 2014.

Statements

• “FinancialForce.com exemplifies the type of market-defining cloud software innovator that is central to our investment strategy. The company uniquely allows end-users to gain a unified, informed view of the customer experience across the entire organization. Already the market’s fastest growing cloud ERP provider, FinancialForce.com is now poised to transform the future of back-office applications. We are delighted to partner with Jeremy and the FinancialForce.com team to help the company accelerate its growth and market penetration, and achieve its objective to reshape the world of enterprise software.” -- Tim McAdam, General Partner, TCV

• “Our goal has always been to transform the ERP market in the same way that Salesforce has for CRM. As our growth indicates, the industry is responding to our customer-centric approach to ERP where our apps, built natively to run alongside the Salesforce Customer Success Platform, help businesses create meaningful relationships with customers and employees to grow their top and bottom lines. With TCV and Salesforce Venture’s contributions, FinancialForce.com can continue our rapid rate of growth and become the cloud ERP choice for all forward-thinking companies.” -- Jeremy Roche, CEO and President, FinancialForce.com

About FinancialForce.com
FinancialForce.com delivers ERP at Customer Speed™. Built on the Salesforce1 Platform, FinancialForce ERP equips customer-centric businesses with a unified platform that delivers ERP and CRM on a single cloud. Our Financial Management, Human Capital Management (HCM), Professional Services Automation (PSA), and Supply Chain Management (SCM) apps allow businesses to increase the speed at which they operate and be more responsive along every touch point of a customer’s journey. Founded in 2009 and headquartered in San Francisco, FinancialForce.com is backed by leading global institutions Salesforce, Technology Crossover Ventures, Advent International and UNIT4.

About Technology Crossover Ventures (TCV)
Technology Crossover Ventures (TCV.com), founded in 1995, is a leading provider of capital to growth-stage private and public companies in the technology industry. With nearly $10 billion in capital raised, TCV has invested in more than 200 technology companies over the last 20 years. Selected investments include Alarm.com, Altiris, C|NET, ExactTarget, Expedia, Facebook, Fandango, FX Alliance, GoDaddy, Genesys Software, HomeAway, Netflix, NewVoiceMedia, Rapid7, RealNetworks, Redback Networks, RiskMetrics Group, Sitecore, Splunk, Spotify, Thinkorswim, VICE Media, and Zillow. TCV is headquartered in Palo Alto, California, with offices in New York and London.

About Salesforce Ventures
Salesforce Ventures Salesforce’s corporate investment group (salesforce.com/ventures) invests in the next generation of enterprise technology to help companies connect with their customers in entirely new ways. Portfolio companies receive funding as well as access to the world’s largest cloud ecosystem and the guidance of Salesforce’s innovators and executives. With Salesforce Ventures, portfolio companies can also leverage the expertise of the Salesforce Foundation to incorporate its 1-1-1 model of integrated philanthropy to make giving back part of their business model. Salesforce has invested in more than 100 enterprise cloud startups since 2009.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering E-Business B2B/B2C Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: FinancialForce

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
E-Business B2B/B2C articles,
CATCH Visitors via Your Competitors Announcements!


FinancialForce.com Raises $110 Million to Capitalize on Cloud ERP Growth

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Sandra Lo - FinancialForce.com 
415-796-8414 slo[.]financialforce.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any FinancialForce securities in any jurisdiction including any other companies listed or named in this release.

E-Business B2B/B2C via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From FinancialForce / Company Profile


Read E-Business B2B/B2C Most Recent Related Press Releases:

FIS Expands its Real-time P2P Payment Solutions Offering
Interlochen Center for the Arts Selects FinancialForce HCM to Inspire Collaboration and Deepen Employee Engagement
FinancialForce Continues Momentum in Nonprofit Sector Empowering Organizations to Maximize Impact and Fulfill Missions
FinancialForce Introduces Billing Central for Everything-as-a-Service Business Models
FIS and CO-OP Bring Cardless Cash to Credit Unions Nationwide
Greenway Health Gains Customer Satisfaction by Transitioning from NetSuite OpenAir to FinancialForce PSA
FinancialForce Delivers Wave App for Professional Services Automation (PSA) Extending the Power of Salesforce Wave Analytics to Professional Services
LiquidHub Selects FinancialForce Cloud Solutions to Optimize Workflows and Unify Data
LoginRadius Announces Adoption of Microsoft Azure for its Cloud Services
FIS and Arkansas Governor Hutchinson Extend VC FinTech Accelerator Till 2018

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today