Perspectium Raises $8M in Series A Funding to Accelerate Growth
Investment From TVC Capital Will Fuel Further Expansion in Global 2000
SAN DIEGO, CA, May 8, 2017 – Perspectium Corporation, the leader in enterprise integration, replication and monitoring as a service, today announced it closed an $8 million Series A equity financing led by TVC Capital, a San Diego-based growth equity firm focused on investments in enterprise software companies. The funding represents the first outside capital Perspectium has raised since its founding in 2013. The growth capital will support expansion of Perspectium’s Data Services Platform and fuel sales and marketing initiatives to continue the company’s exceptional growth trajectory and momentum with managed service providers. The company also announced Steve Hamerslag, Managing Partner at TVC Capital, will join its board of directors.
Modern enterprises are powered by data – but manipulating vast amounts of data, and enabling it to move reliably between ever-changing cloud and on-premise applications has proven challenging for enterprises that demand productivity across mission critical systems. Perspectium delivers a unified approach to solving enterprise IT big data problems as a high-availability, high-throughput cloud service. The Perspectium Data Services Platform connects data producing applications with data consuming applications, while delivering data services including service integration, aggregation, replication, normalization, warehousing, machine learning, and more. Perspectium’s solutions have been adopted by Global 2000 enterprises such as Cisco, Viacom, DaVita, Gilead and Zurich Insurance and by IT service providers including Accenture, TESM, HCL and Infosys.
“The whole is always greater than the sum of its parts, and this is especially true when it comes to enterprise software,” said David Loo, Perspectium CEO. “When organizations connect their IT systems to one another with Perspectium, business processes flow seamlessly across the technology infrastructure. This funding will allow us to increase operational efficiencies and improve reporting and IT service management capabilities on behalf of many more customers and partners.”
The company’s flagship offering, Perspectium Replicator, is a native ServiceNow®application driving Global 2000 companies to operationalize and maximize value from existing IT and software spend. Leveraging Perspectium’s unique platform capabilities, many Perspectium customers move over 10 million records per month with no impact on the performance or availability of ServiceNow or other integrated systems such as Salesforce and Jira.
“We are thrilled to be working with David and his team” said Steve Hamerslag, Managing Partner of TVC Capital. “Their platform solves a serious need for enterprises and the service providers that support them – namely, the ability for IT departments to have a real-time, consolidated and controlled view into service, operations and business management systems. David’s vision for the future is one where Perspectium drives innovation and efficiencies to IT and engineering teams across all business sectors.”
Many Perspectium customers are also ServiceNow customers, and Perspectium is proud to be a silver sponsor of the ServiceNow Knowledge17 conference in Orlando on May 7-11, 2017. This event brings together a community of lightspeed pioneers, transforming how business services are delivered to create new levels of productivity, consumerized experiences and speed for their organizations. Visit Perspectium at booth #626 for the chance to win Oculus Rift headsets and to find out more about how to remove the barriers between your enterprise applications.
Perspectium offers comprehensive systems and application integration solutions to the enterprise. Only Perspectium solves data integration, monitoring, and replication problems with the lowest impact and highest data throughput – all the while retaining control of the data with the data owner. Architected from the ground up with high availability and throughput in mind, Perspectium solutions power the most intricate integrations of some of the world’s largest enterprises.
About TVC Capital
TVC Capital is a San Diego-based growth equity firm with over $235 million under management. TVC is focused on investments in and acquisitions of mission critical software firms. TVC targets a wide spectrum of software sectors and industry verticals that are poised for growth and consolidation. The TVC team is led by operating executives with more than 80 years of experience growing technology companies into market leaders. Current and past investments include Accordent Technologies, BitTitan, Celigo, Reach Engine, Del Mar Datatrac, Limeade, LiquidPlanner, MediaPlatform, Mercent, Centage, Docupace and ReverseVision. For more information, visit www.tvccapital.com.
Media contact: Craig McDonogh (408) 679-0582
Published Date: May 8, 2017