Perspectium Raises $8 Million in Series B Financing
Further Investment by TVC Capital Enables Continued Expansion of Global Reach with Portfolio of On-Demand Products for Integrating Data and Services
SAN DIEGO, Calif. – April 23, 2019 –Perspectium, the leader in service management integration, today announced that it has closed an $8 million Series B funding round with a second investment from TVC Capital. The Series B round enables Perspectium to continue its expansion to more fully serve global markets and launch a new series of on-demand products. Perspectium has already established a European headquarters and has international customers.
“Enterprises and organizations around the world grapple with the problem of making service management and the flow of data work across boundaries caused by individual cloud-based applications and repositories of data,” said David Loo, CEO of Perspectium. “Perspectium has an exceptional opportunity to solve the problem of data and process silos on a global basis with an approach that is both powerful and unique. We are pleased to have TVC Capital continue to invest in Perspectium and share our vision for changing the data integration and Integration Platform as a Service markets.”
Perspectium breaks processes free from application silos. The company has pioneered service management integration solutions to enable real-time, scalable sharing of data and processes, allowing customers to implement best-of-breed applications and business analytics that align with business processes across the enterprise. Perspectium delivers these integration solutions “as a service,”ensuring that integrations are always current and resources are available at any scale. Customers include Fortune 500 companies, top Software-as-a-Service vendors and global service providers.
“Perspectium has established a proven product portfolio and built a stellar reputation for effectively solving the gaps in service management and getting very high volumes of intelligent data from one place to another,” said Steve Hamerslag, Managing Partner of TVC Capital. “We believe that the market opportunity is substantial and that Perspectium has the ability to continue and expand its success.”
About TVC Capital
TVC Capital is a San Diego-based growth equity firm with $400 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 Celigo, BitTitan, Digital Map Products, SmartAction, Accordent Technologies, Docupace, MediaPlatform, Levels Beyond (Reach Engine), Del Mar DataTrac, Centage, Limeade, LiquidPlanner, Mercent and ReverseVision. For more information, visit https://www.tvccapital.com.
Service management is supposed to be an enterprise-wide best practice but is often limited by being entrenched within individual departments and applications. Perspectium solves the problem of data and process silos by integrating context-aware information in real-time through a complete, end-to-end service. As a result, Perspectium enables seamless service delivery within enterprises and across service providers and also provides highly flexible migration of data. Perspectium provides always-current, secure integration solutions as managed cloud services allowing developers to focus on other digital transformation priorities. Perspectium provides ridiculously high levels of scalability and availability, solving intricate integration challenges for some of the world’s largest organizations.
Steve Schick, Perspectium
Published Date: April 23, 2019