Insight Partners join existing investors Iris Capital , eCapital and Wecken & Cie to invest in Jedox.
By: Tricia Ang | 14 January 2021
Jedox, the award-winning provider of Enterprise Performance Management solutions for Financial Planning and Analysis (FP&A) globally, announced on January 12 a $100+ million investment from global venture capital and private equity firm Insight Partners alongside existing investors Iris Capital, eCAPITAL, and Wecken & Cie. The major investment by Insight Partners came as Jedox found its market-leading cloud solution for financial leaders to be experiencing accelerating global adoption.
The new funding will enable Jedox to greatly boost customer growth and its global footprint while enhancing its robust platform for cross-departmental integrated business planning, reporting, and analysis. More specifically, the funds will be used to scale the Jedox product innovation team, increase investment in customer success, and continue to support clients across all major geographies. In addition, 2021 marks the launch of Jedox’s vertical-specific solutions, leveraging Jedox’s vibrant partner ecosystem and strategic partnerships to expand its scope beyond the office of the CFO to become a truly cross-functional Extended Planning and Analytics (xP&A) platform touching every domain.
“In an ever faster moving world, disruption and uncertainty represent both challenges and opportunities in enterprise. Jedox’s modern cloud-based tools for scenario planning, forecasting, and managing future value creation enable our customers to move even faster and outperform the competition,” and, “Insight Partners’ investment will further enhance our unique EPM platform and momentum in the marketplace, as well as allow us to benefit from the expertise of a leading global investment partner.”Florian Winterstein, CEO of Jedox
The Jedox public and private cloud services allow people in finance to collaborate seamlessly across all entities through a powerful Microsoft Excel-based interface to accelerate corporate planning while applying artificial intelligence and advanced analytics. The transaction is expected to close in the first half of 2021.
Read the original press release here.